Last Updated: June 2025 (Houston, Texas)
FINRA Fines Houston-Based Valic Financial Advisors For Failing to Supervise Their Brokers
Valic Financial was fined $350,000 by securities regulator FINRA for various violations including:
- Failure to establish a reasonably designed system and written supervisory procedures for the surveillance of rates of variable annuity exchanges in violation of FINRA Rules 2330(D), 3110 and 2010.
- Failure to timely report statistical and summary information for 174 written customer complaints in violation of FINRA Rules 4530(D) and 2010.
Valic Financial Advisors
Valic Financial Advisors is a subsidiary of The Variable Annuity Life Insurance Company which is a subsidiary of Corebridge Financial.
The CRD for Valic Financial Advisors discloses 20 Regulatory Events.
“How to Research Your Broker-What is a CRD?”
The Financial Industry Regulatory Authority
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
Rex Securities Law
With offices in Boca Raton, FL and Austin, TX, stockbroker fraud attorney Rex Securities Law provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors and broker dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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