MassMutual failed to disclose risks associated with certain Guaranteed Minimum Income Benefit riders (specifically its GMIB 5 and GMIB 6 riders) and must now pay $1.65 million to settle SEC charges that it misled variable annuity investors.
MassMutual failed to disclose risks associated with certain Guaranteed Minimum Income Benefit riders (specifically its GMIB 5 and GMIB 6 riders) and must now pay $1.65 million to settle SEC charges that it misled variable annuity investors.