Equitable Financial (EQUI-VEST) Hidden Fees Case

• $EQUI-VEST investors filed a claim against Equitable Financial for hiding the true costs of its EQUI-VEST variable annuities.

• EQUI-VEST investors can join this case to be notified about potential recovery.

Case Details:

Since 2016, Equitable Financial charged undisclosed high fees on EQUI-VEST annuities and misled customers with inaccurate account statements, according to the SEC.

Equitable’s EQUI-VEST account statements listed items like “Net Investment Portfolio Results,” “Total Account Value,” and “Fees and Expenses” on the front page.

Despite fees being deducted, the statements misleadingly showed “Fees and Expenses” as $0.00 for the quarter or year, leaving investors unaware of the actual costs.

Based on these events, $EQUI-VEST investors filed a claim against Equitable Financial, accusing it of the following:

• Equitable Financial hid extra fees on EQUI-VEST annuities.

• The company also misled customers by not fully showing these costs on their account statements.

Considering all the representations, investors suspect Equitable Financial hid the true costs of its EQUI-VEST variable annuities.