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.
Disclaimer
The posting on this site are mere OPINIONS and NOT statements of fact in any way whatsoever. The information should not be relied upon and there have been no findings made against the firms or individuals referenced on this site. In addition, this Blog is made available for educational purposes only and incorporates information from the web as well as to give you general information and a general understanding of the law, not to provide specific legal advice. By using this blog site you understand that there is no attorney client relationship between you and Stoltmann Law Offices (161 N Clark Street 16th Floor Chicago, IL 60601). The Blog opinions should not be used as a substitute for competent legal advice from a licensed professional attorney in your state.
PLEASE NOTE THIS IS ADVERTISING AND IT IS NOT A NEWSPAPER ARTICLE OR POST FROM AN INDEPENDENT OR NON-BIASED, NEWS SITE, NEWS SOURCE OR NEWSPAPER.
