Published by 13 WHAM Rochester By Jane Flasch Wednesday, May 1st 2019 --- Rochester, N.Y. — For their entire lives, Jim and Sandra Fitzpatrick managed an egg farm in rural Allegany County. In their retirement, their broker recommended they cash in a life insurance policy for a new investment. "I don't...
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. -- ROCHESTER, N.Y. – May 1, 2019 – A FINRA arbitration panel has awarded $3.2 million to an Alleghany County...
Published by ThinkAdvisor By Melanie Waddell May 01, 2019 --- The arb award is the largest ever imposed on AXA, the plaintiffs' lawyers said. A Financial Industry Regulatory Authority arbitration panel awarded an elderly couple from New York $3.2 million for being put into unsuitable variable annuity and life insurance...
Published by wealthmanagement.com By Diana Britton May 01, 2019 --- The couple said their AXA broker sold them high-end, high-commission annuities and life insurance policies when they didn’t need them. A FINRA arbitration panel has ordered AXA Advisors to pay $3.2 million in damages and fees to an elderly couple who oversaw...
Published by Business Wire May 01, 2019 02:49 PM Eastern Daylight Time --- ROCHESTER, N.Y.--(BUSINESS WIRE)--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...
Published by New York Upstate News By Julie Mcmahon Updated 3:01 PM; Today 2:35 PM --- An Alleghany 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 Puccio sold the family...
Published by Investment News By Mark Schoeff Jr. May 1, 2019 @ 2:29 pm --- Upstate New York couple cites five unsuitable variable annuity, life insurance transactions An elderly couple in upstate New York won a $3.2 million Finra arbitration award against Axa Advisors in a case involving unsuitable variable annuity...
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. -- ROCHESTER, N.Y. – May 1, 2019 – A FINRA arbitration panel has awarded $3.2 million to an Alleghany County...
Published by CNBC By Sarah Obrien Published 10:01 AM ET Mon, 25 March 2019 --- Dishonest advisors or brokers may not be the norm. When they turn up, though, hold on to your pocketbook. In the latest monthly list of disciplinary actions taken by the Financial Industry Regulatory Authority, several cases involve brokers...
Published by Springfield News-Sun By Thomas Gnau Updated Feb 25, 2019 --- DAYTON — A U.S. District Court judge has ordered a former Dayton-area financial broker to pay more than $1.1 million in a civil case brought against him by the U.S. Securities and Exchange Commission. The SEC sued John Gregory...
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