Fifth Third Securities Unsuitable Variable Annuity Exchanges

The Law Office of Peter M. Spett is investigating customer complaints against Fifth Third Securities for unsuitable variable annuity exchanges.  The Financial Industry Regulatory Authority recently sanctioned Fifth Third Securities $6 Million for cost and fee disclosure failures and unsuitable recommendations related to variable annuity exchanges.  Variable annuities are complex investments commonly marketed and sold to retirees or people saving for retirement.  FINRA found that Fifth Third failed to ensure that its agents and financial advisors obtained and assessed accurate information concerning annuity exchanges and misstated or omitted material facts regarding the costs and benefits of such exchanges.  If you believe you may have been the victim of a fraudulent variable annuity exchange, please contact the Law Office of Peter Spett at (561) 463-2799.