Published On: July 27, 2015

Voya Financial Advisors Inc. entered into a Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA) for allegedly failing to apply volume discounts to certain customer’s eligible purchases of non-traded real estate investment trusts (REITs) and business development companies. Voya also allegedly failed to have effective supervisory systems and procedures in order to ensure that its customers received appropriate volume discounts on eligible purchases of non-traded REITs and business development companies. Voya also failed to apply sales charge discounts to certain customer’s purchases of unit investment trusts (UITs). For these, Voya was censured and fined $325,000 and was forced to pay restitution in the amount of $41,853.20. If you invested money with Voya Financial Advisors, please call our securities law firm based in Chicago, Illinois to speak to an attorney. The consultation is free. We help retail investors recover money in the FINRA arbitration forum. Voya Financial could be responsible for your investment losses.

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.

Chicago Investment Fraud Attorneys Offering Nationwide Representation to Investors

If you have suffered financial losses because of the negligence or fraud of your financial advisor or broker through unsuitable investment recommendations, over-concentration, churning, misrepresenting risks, conversion or selling away, you have legal rights and options to pursue recovery of those losses.

Stoltman Law Securities and Investment Fraud Attorneys