The allegations read: Clients allege abeyta did not disclose the various incentives that might influence his decision to recommend fixed annuities over other investments, including that he received substantially higher commissions by selling fixed annuities than he would have earned in advisory fees for investing assets with third-party money managers. Clients also allege that abeyta failed to disclose the various incentives he received from the policy issuer and field marketing organization that might influence his decision to recommend annuities over other investments, including that he received substantially higher commissions by selling annuities than he would have earned in advisory fees for investing assets with a third-party money manager. Abeyta also failed to disclose the bonuses received for hitting annuity sales levels, in addition to his usual commission on such sales. Clients allege a complete breakdown in abeyta's obligations under the best interest rules of both colorado and the sec.
