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 than $60 million to resolve charges ranging from defrauding...
AXA Lawsuit | Published by Financial Planning/SourceMedia | by Ann Marsh | June 13, 2019 --- ‘That’s not me!’ What happened when AXA played a recording in an arbitration The attorneys for AXA Advisors thought they were about to catch James and Sandra Fitzpatrick flat-footed, but it actually proved to...
Clear Attempt to Chill Public Discussion: Threatening Letter Issued by AXA in Immediate Wake of News Conference Announcing Unprecedented $3.2 Million Award to Retired Whitesville, NY Egg Farming Couple; Victims and PWCK Law Firm Refuse to Let Intimidation By AXA Go Unchallenged. -- ROCHESTER, N.Y. – May...
SEC vs. Paramount Financial Services d/b/a Live Abundant Alert | Government Action | Published by BBB.org On December 19, 2018 the Securities and Exchange Commission announced charges against an additional 13 individuals and 10 companies including Paramount Financial Services Inc. d/b/a Live Abundant for unlawfully selling securities...
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 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...