TIAA Unit To Pay SEC $2.2M In Regulation Best Interest Case

By Jessica Corso (February 16, 2024, 12:59 PM EST) -- The U.S. Securities and Exchange Commission on Friday announced that a brokerage subsidiary of financial services firm Teachers Insurance and Annuity Association of America has agreed to pay $2.2 million to settle allegations that it failed to steer investors toward lower-cost products in violation of Regulation Best Interest....

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