Tag Archives: FINRA fines

AXA Advisors Fined $50K for Failure to Supervise Thieving Broker

April 19, 2012  |   Posted by :   |   Failure To Supervise, Investment and Regulatory News   |   0 Comments

AXA Advisors LLC has been fined $50,000 by the Financial Industry Regulatory Authority (FINRA) and censured for its failure to supervise a broker who misappropriated $122,000 from the money market account of a customer, 70 percent of the account’s value. Letter of Acceptance Waiver and Consent The firm submitted a Letter of Acceptance Waiver and […]

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