02 May News Conference Audio – FINRA ARBITRATION PANEL AWARDS RECORD-SETTING $3 MILLION TO ROCHESTER-AREA EGG-FARMING FAMILY VICTIMIZED BY CONVICTED AXA FINANCIAL ADVISOR
PWCK Law Firm Cautions Case is Just “Tip of Iceberg” of Problem AXA Brokers;
News Event Features 81-Year-Old Widow Who Lost Entire Life Savings to Same AXA Broker.
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ROCHESTER, N.Y. – May 1, 2019 – A FINRA arbitration panel has awarded $3.2 million to an Alleghany County egg-farming family swindled in a variable annuity (VA) and life insurance scheme promoted by a former AXA financial advisor who was recently convicted for stealing from another elderly AXA client. The Whitesville, NY, victims were represented in the arbitration proceeding by the Peiffer Wolf Carr & Kane law firm (PWCK). For more details about the case, go to www.brokerwatch.com/axa/upstate-ny.
The award is believed to be the largest ever paid in upstate New York and also the largest imposed on AXA in arbitration.
The elderly victims oversaw the successful Fitzpatrick Poultry Farm in Whitesville, NY, for many years before suffering millions of dollars in damages at the hands of AXA and its financial advisor, Francesco Puccio, formerly of Webster, NY. Puccio was affiliated with the AXA office in Rochester.
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