"A FINRA arbitration panel sided with the client over the advisor's alleged misconduct ... According to ... an attorney representing [Cindy-Marie Rogers], [the advisor] advised Rogers, ... who was earning about $80,000 per year, on rolling over a $529,000 lump-sum pension payout plus an $85,000 401(k) plan into an IRA and buying a variable annuity. At age 49, Rogers took an early retirement after being advised ... that she could afford to do so, in part through a provision in the tax code that permitted early withdrawal from qualified retirement accounts under certain circumstances, [the attorney] says.... He says that Rogers soon discovered that the 7% withdrawal rates she needed to meet living expenses were depleting her savings and exceeded what was permitted under IRS rules, meaning she got hit with a steep tax bill."  MORE >>