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Broker Complaints: AXA Advisors, LLC (CRD# 6627)

The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding the New York-based brokerage/advisory firm AXA Advisors, LLC, a member of the global AXA Group.

AXA Advisors is a brokerage/advisory firm registered in 53 US states and territories. Formed in 1999, AXA Advisors is the subject of twenty-one regulatory actions and ten customer complaints, according to the firm’s BrokerCheck report.

In 2012 the Financial Industry Regulatory Authority filed a complaint against AXA Advisors alleging the firm failed to supervise a representative who misappropriated $122,000 from a client’s Level 4 mutual fund account. AXA Advisors was censured and issued a penalty of $50,000.

In 2012 the Financial Industry Regulatory Authority filed a complaint against AXA Advisors alleging the firm failed to supervise a representative who induced customers to invest in a fictitious REIT. AXA Advisors was censured and issued a penalty of $100,000.

In 2012 the Securities and Exchange Commission (SEC) filed a complaint alleging AXA Advisors failed to supervise a representative who misappropriated customer funds. AXA Advisors was censured and issued a penalty of $100,000.

In 2011 the Securities and Exchange Commission filed a complaint alleging AXA Advisors failed to adequately supervise a representative. AXA Advisors was issued a penalty of $75,000.

In 2009 the Financial Industry Regulatory Authority (FINRA) filed a complaint alleging AXA Advisors failed to keep accurate and complete records pertaining to its direct mutual funds business. AXA Advisors was censured and issued a penalty of $250,000.

In 2009 a customer alleged AXA Advisors made unsuitable investment representations, breached their fiduciary duty and failed to supervise their brokers. The complaint settled in 2010 for more than $34,000.

In 2006 a customer alleged AXA Advisors engaged in breach of fiduciary duty, omission of material facts, failure to supervise, and negligence. The complaint settled for more than $842,745.

In 2005 a customer alleged AXA Advisors misrepresented and made unsuitable investment recommendations, breached their fiduciary duty and omitted material facts. The complaint settled for more than $198,000.

In 2002 a customer alleged AXA Advisors engaged in breach of fiduciary duty, omission of material facts, unsuitable investment recommendations, and failure to supervise. The complaint settled in 2003 for more than $104,000.

In 2002 a customer alleged AXA Advisors misrepresented and made unsuitable investment recommendations, breached their fiduciary duty and omitted material facts related to the investment.. The complaint settled in 2003 for more than $17,750.

In 2000 a customer alleged AXA Advisors engaged in breach of fiduciary duty, omission of material facts relating to an investment in annuities, breach of contract, and failure to supervise. The complaint settled in 2001 for $30,000.

If you or someone you know has a complaint regarding AXA Advisors, call the securities and investment fraud law firm Fitapelli & Kurta at 877-238-4175 for a free consultation. You may be entitled to recover losses. We take all cases on contingency: we only get paid if and when you recover money. Time to file your claim may be limited, so avoid delay. Call 877-238-4175 now to speak to an attorney for free.