AXA Advisors may be liable for your investment losses with James Davis Trent. Trent recently entered into an Order Accepting Offer of Settlement with the Financial Industry Regulatory Authority (FINRA). He allegedly engaged in a pattern of recommending unsuitable short-term trading of Class A mutual fund shares to four customers, resulting in the customers facing $6,362.50 in unnecessary sales charges. All of the customers were elderly and retired. This is a violation of securities laws. A broker must only recommend and sell securities that are suitable for his customers. If he does not, his brokerage firm, in this case, AXA Advisors, may be liable for those losses because it failed to properly supervise him.
According to his online FINRA BrokerCheck report, Mr. Trent was registered with Kepley & Co. in Richmond, Virginia from May 1996 until April 2001, Intercarolina Financial Services in Greensboro, North Carolina from October 2001 until February 2006, UVest Financial Services in Columbia, South Carolina from February 2006 until May 2010, Proequities in Columbia from June 2010 until October 2012, AXA Advisors in Columbia from October 2012 until June 2014 and Allstate Financial Services in Florence, South Carolina from June 2014 until February 2017. He has one customer dispute against him and is currently not registered.
We are Chicago and Barrington, Illinois-based securities attorneys who sue firms in the FINRA arbitration forum in order to recover losses for investors. Please call 312-332-4200 for a no-cost, no-obligation consultation today. We may be able to help you bring a claim against AXA Advisors on a contingency fee basis.
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