NASD Regulation continues to monitor sales of variable annuities and fine dealers who violate suitability rules and record-keeping requirements. Two firms were named in the most recent enforcement action and more actions are possible, industry experts say.

The actions are the second this year to result from special examinations NASD Regulation conducted during 1999 and 2000. Earlier in the year, six firms and an individual were fined a total of $112,000 for marketing and sales violations, also involving variable annuities.

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