The allegations read: Complaint filing originally made included claims relating to fixed and variable annuities sold in 2004 and 2005. Raymond james has closed out the complaint related to variable annuities with no action but allianz life and american equity are still investigating the complaints related to the fixed annuity sales. The client claims not to have known the long term nature of the fixed annuities, all fees and expenses were not disclosed and also complained of poor performance.
