Published by The HILL by Joe Peiffer 03/27/15 10:00 AM EDT --- The “fiduciary duty” of financial professionals sounds like some hopelessly dry and technical legal concept. But it isn’t. When I hear that phrase, I think about the New York retiree who lost 75 percent of the life...

Published by Ignites.com By Jill Gregorie May 3, 2019 --- Axa Advisors must pay $3.2 million to elderly egg farmers who claim they were sold unsuitable variable annuities and life insurance policies by a Rochester, N.Y.-based broker between 2011 and 2014, a Finra arbitration panel decided last week. James and...

Published by Life Annuity Specialist by Arthur D. Postal May 3, 2019 --- An upstate New York broker’s decision to switch a farming family’s investments from life insurance to variable annuities may cost AXA Equitable $3.2 million. That’s how much a Financial Industry Regulatory Agency arbitration panel granted to James and Sandra Fitzpatrick, an elderly...

Published by New York AG Connection by New York AG Connection 05/03/2019 --- 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...

Published by usagnet by USAgNET 05/03/2019 ---   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....

Published by ABC 13 WHAM Rochester by Jane Flasch/WHAM Thursday, May 2nd 2019 --- [video width="720" height="480" mp4="https://brokerwatch.com/wp-content/uploads/2019/05/13wham.mp4"][/video]   Rochester, N.Y. – 13WHAM reported Wednesday about a Rochester investment broker convicted of grand larceny involving one client – and ordered to pay $2.3 million to another. One of the companies that broker worked for...