"According to the [May 3] settlement, MetLife sometimes overstated the cost of a customer's existing variable annuity contract, which in some instances increased a customer's cost by 2% annually.... FINRA sampled some 35,500 replacement contract applications submitted by MetLife representatives, and found that 72% -- or about 25,560 applications -- contained at least one error that understated the value of the contract being replaced.... MetLife representatives sold these replacement annuities to their unsuspecting clients and collected commissions that ranged between 5-7% on the new sales!"  MORE >>