Fined: Woodbury Financial Services, Inc. Fined by FINRA

Fined
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Woodbury Financial Services, Inc. Fined by FINRA

13 May 2019

An AWC was issued in which the firm was censured and fined $225,000. Without admitting or denying the findings, the firm consented to the sanctions and to the entry of findings that its system for supervising additions to existing variable annuities was not reasonably designed to achieve compliance with applicable securities laws and FINRA rules, including those governing suitability.

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