PNC failed for years to track a risky sales tactic involving annuities, putting clients at risk. The fine? Just $200k
Investigation: Financial Misconduct • PNC Investments LLC • FINRA Enforcement PNC Let Brokers Churn Annuities Undetected for Years. The Fine? $200,000. For at least three years, PNC Investments ran 1,500 branch offices and 1,200 registered representatives without any real system…