Published by CNBC by Dawn Giel PUBLISHED FRI, JUL 19 2019 10:54 AM EDT — Bank of America Merrill Lynch has paid a hefty $40 million to settle “churning” allegations involving a former broker, according to filings and sources…
Securities Fraud
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…
Published by The Philadelphia Inquirer by Erin Arvedlund Updated: July 16, 2019- 4:36 PM — The Securities and Exchange Commission on Tuesday settled with AR Capital, its founder Nicholas S. Schorsch, and former CFO Brian Block for more…
Representative Cases – A FINRA arbitration panel awarded $3.2 Million to an Alleghany County egg-farming family swindled in a variable annuity and life insurance scheme promoted by a former AXA financial advisor who was recently convicted for stealing…
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…
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…
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…
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…
Published by ABC 13 WHAM Rochester by Jane Flasch/WHAM Thursday, May 2nd 2019 — 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…
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…