Brian White Accused of Conducting Undisclosed Private Securities Transactions

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Brian Michael White, formerly associated with AXA Advisors, LLC, engaged in an undisclosed outside business and conducted an undisclosed private securities transaction, according to a complaint filed by the Financial Industry Regulatory Authority’s Department of Enforcement.

In August 2010, White and two other AXA registered representatives created SMW Ventures, LP with the purpose to provide a vehicle for the three to develop business opportunities outside of AXA, including the sale of fixed annuity and insurance products, real estate investments, and business planning services, according to the complaint. White allegedly never obtained written approval from AXA to participate in SMW Ventures.

In 2011, White conducted an undisclosed private securities transaction that involved the sale of a promissory note to his mother that was issued by Material Science Technology, according to the complaint.

Investors who believe they lost money as a result of investment fraud or misconduct may contact the securities lawyers at Peiffer Rosca, Jason Kane or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at (585) 310-5140.

Peiffer Wolf (1248 Posts)


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In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.