Mike Carretta

Mike Carretta is team lead, direct investments, at Commonwealth Financial Network®, member FINRA/SIPC, an independent broker/dealer–RIA. Since joining the firm in May 2006, he has been providing support to affiliated advisors by performing suitability reviews and being the go-to person for most questions directed to Direct Investments from advisors and other Commonwealth departments. Mike holds FINRA Series 7, 24, 31, 53, and 66 securities registrations. He earned a BS in finance from Stonehill College.

Information about securities-registered professionals may be found at FINRA BROKERCHECK.

Recent Posts

Considering Suitability: 3 Red Flags in Variable Annuity Transactions

Considering Suitability: 3 Red Flags in Variable Annuity Transactions

Posted by Mike Carretta

March 18, 2015 at 1:30 PM

It would be an understatement to say that the variable annuity landscape has changed significantly in the past five years. We've seen cutbacks in living benefit payouts, carriers offering buybacks of existing policies, and some carriers leaving the market altogether. So, it's no surprise that we've also seen an increase in regulatory scrutiny of variable annuity sales, especially replacements.

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Topics: Compliance

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