World Investments, LLC has agreed to pay a fine of $100,000 as a part of a settlement with the Financial Industry Regulatory Authority (FINRA).

From at least April 2022 to November 2023, World Investments failed to establish and maintain a supervisory system, including written supervisory procedures, reasonably designed to comply with Securities Exchange Act of 1934 Rule 15/-1 (Reg BI) and supervise recommendations of exchanges of deferred variable annuities.

The firm also failed to surveil for inappropriate rates of deferred variable annuity exchanges.

Accordingly, the firm violated Exchange Act Rule 15/-l(a)(l) and FINRA Rules 2330(c)-(d), 3110(a)-(b), and 2010.

During the same period, the firm failed to establish and maintain a supervisory system, including written supervisory procedures, reasonably designed to supervise recommendations of purchases and exchanges of registered index-linked annuities.

Accordingly, the firm violated Exchange Act Rule 15/-l(a)(l) and FINRA Rules 3110(a)-(b) and 2010.

World Investments has agreed to a censure in addition to the fine of $100,000.

World Investments, LLC has been a FINRA member since 1987. The firm operates a general securities business, including the sale of deferred variable annuities and registered index-linked annuities. The firm is headquartered in Lincroft, New Jersey, has 133 active branches, and approximately 337 registered representatives.