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...
Published by Financial Advisor IQ By Alex Padalka May 3, 2019 --- AXA Advisors is on the hook for close to $4 million over alleged failures in supervising the variable annuity and insurance sales by one of its brokers and, in a separate case, alleged misrepresentations to 401(k) plan participants. A Finra arbitration...
Published by Olean Times Herald By JULIE McMAHON Syracuse Media Group (TNS) May 2, 2019 @ 12:28 pm --- An Allegany County egg-farming family was awarded $3.2 million in what lawyers believe is the largest settlement of a financial securities fraud case in Upstate New York history. AXA financial advisor Francesco...
Published by Investment News By InvestmentNews May 2, 2019 @ 12:28 pm --- Funds sold to 401(k) plans as investment grade actually held lots of junk The Financial Industry Regulatory Authority Inc. has fined AXA Advisors$600,000 and ordered the firm to pay approximately $172,000 in restitution for distributing materials that "negligently misrepresentated"...
Published by MyTwinTiers.com Posted: May 02, 2019 10:48 AM EDT Updated: May 02, 2019 10:48 AM EDT --- ROCHESTER (WROC) - An egg-farming family in Allegany County is receiving a $3.2 million award after they said they were swindled by an AXA financial broker. According to the lawyers on...
Published by InsuranceNewsNet From Business Wire 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...
Published by Spectrum News By Jim Aroune PUBLISHED 5:46 PM ET MAY. 01, 2019 UPDATED 9:11 AM ET MAY. 02, 2019 --- [video width="640" height="480" mp4="https://brokerwatch.com/wp-content/uploads/2019/05/puccio_spectrum.mp4"][/video] A financial advisor fraud has led to the single largest securities settlement in Upstate New York. Counsel for two of the victims believes it may...
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