AAG Capital

On May 20, 2025, the Financial Industry Regulatory Authority (FINRA) announced that it has censured and fined AAG Capital, Inc., a Florida-based broker-dealer, for failing to establish a supervisory system that complied with Regulation Best Interest (Reg BI) in connection with the sale of complex annuity products.

According to FINRA, from February 2021 through at least early 2024, AAG Capital recommended the purchase of registered index-linked annuities (RILAs) to retail customers without proper supervisory procedures in place. The firm’s oversight failed to adequately evaluate whether these transactions were in the best interest of clients, particularly in cases where existing annuities or insurance policies were exchanged for RILAs.

FINRA found that AAG Capital’s supervisory system failed to account for key risk factors such as the loss of death or income benefits, the imposition of surrender charges, and other financial disadvantages tied to the exchanges. In 19 of 41 exchanges reviewed, customers gave up valuable insurance benefits or incurred surrender charges totaling over $38,000.

As part of the settlement, AAG Capital consented to a censure, a $100,000 fine, and a restitution payment of $38,591.39 plus interest to affected investors. The firm is also required to certify that it has implemented improved supervisory procedures within 180 days.

If you invested in a registered index-linked annuity through AAG Capital or believe you were harmed by an unsuitable recommendation or exchange, contact the attorneys at ChapmanAlbin. We represent investors nationwide in holding financial professionals accountable for misconduct.

Call (877) 410-8172 or visit www.chapmanalbin.com to schedule a free consultation.