Christian Desmond Fautz of Fort Myers, Florida, a stockbroker registered with AXA Advisors, LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations Fautz never provided FINRA with a response to its request for information about his business activities. Case No. 2017054319701 (Nov. 6, 2017).
FINRA Public Disclosure reveals that Fautz has been referenced in two customer initiated investment related disputes containing accusations of Fautz’s misconduct while employed with AXA Advisors, LLC. Particularly, on December 9, 2013, a customer filed an investment related written complaint regarding Fautz’s activities, alleging breach of fiduciary duty, suitability, misrepresentation, mismanagement, and fraud concerning mutual funds and variable annuities.
Thereafter, a customer initiated investment related arbitration claim involving Fautz’s conduct was settled for $156,871.56 in damages founded on allegations that Fautz breached his contractual and fiduciary obligations, executed unsuitable transactions in the customer’s account, made misrepresentations to the customer, and committed fraud in regard to the customer’s mutual funds and variable annuity transactions. National Association of Securities Dealers (NASD) Case No. 04-02235 (Nov. 15, 2014).
Fautz’s registration with AXA Advisors, LLC was terminated on May 9, 2017, based upon accusations of selling away and failing to inform the firm about Fautz’s outside business activities.
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