https://www.retirementplanningscottsdale.com/2019/10/30/anil-vazirani-scottsdale-investment-advisor-reports-that-an-aig-unit-is-under-sec-probe-for-sales-practices/ Anil Vazirani, Scottsdale Investment Advisor, reports that an AIG unit is under SEC probe for sales practices According to a Wall Street Journal report, a business unit of American International Group (AIG) is currently under investigation by the US Securities Exchange Commission (SEC). This firm is Variable Annuity Life Insurance Company (VALIC), an AIG-owned insurance company which specializes in tax-qualified retirement plans, supplemental tax-deferred and after-tax investments. The report says the SEC’s probe includes VALIC’s sales and disclosure practices, specifically whether the firm’s compensation structure rewards representatives for selling higher-cost products to retirement plan participants, and whether the insurer properly discloses these payments. As far as is known, VALIC hasn't commented yet on the report. For more information, see: https://www.insurancebusinessmag.com/us/news/breaking-news/aig-unit-under-sec-probe-for-sales-practices--wsj-189984.aspx Anil Vazirani is president of Secured Financial Solutions, independent insurance advisor investment advisor rep with a fiduciary obligation and in the financial services industry since 1994. A+ rating with the Better Business Bureau for over a decade and a half, members in good standing with the National Association of Insurance and Financial Advisors. Dial 1-800-957-5604 x 200 and set up a complimentary strategy session to understand what your goals are, understand what objective you’re trying to accomplish, your risk tolerance, and let us show you how to reduce your investment fees from stocks, bonds and mutual funds down to one point, or five percent when you work with our investment advisory platform. Dial 1-800-957-5604 x 200, and on the web at: DreamRetire.com
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