A former client of Joan Norton, a financial advisor of Ausdal Financial Partners, won a $1.2 million arbitration award against her. The Financial Industry Regulatory Authority (FINRA) awarded the money to her after siding with her, claiming Norton breached fiduciary duty and made unsuitable investment recommendations. Norton advised Cindy-Marie Rogers to roll over a lump-sum pension payout, plus put money into an IRA and buy a variable annuity. Rogers took an early retirement because she was advised by Norton she could do so. After this, she got hit with a steep tax bill. Joan Norton and her firm, Ausdal Partners were ordered to pay $1.24 million in damages plus interest, and additional costs of $10,000. Please call our law firm if you would like to sue Joan Norton or her former firm, Ausdal Partners. 312-332-4200.
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.
