Edward Jones, Stifel Financial Corp’s Stifel Nicolaus & Co, Janney Montgomery Scott LLC, AXA SA’s AXA Advisors LLC and Stephens Inc—Failure to Waive Sales Charges

Edward Jones, Stifel Financial Corp’s Stifel Nicolaus & Co, Janney Montgomery Scott LLC, AXA SA’s AXA Advisors LLC and Stephens Inc Allegedly Failed to Waive Mutual Fund Sales Charges on Over 25,000 Charitable and Retiree Accounts Edward Jones, Stifel Financial Corp’s Stifel Nicolaus & Co, Janney Montgomery Scott LLC, AXA SA’s AXA Advisors LLC and… Read more »

Improper Mutual Fund Fees Lead to Reimbursement Order Against Brokerage Firms

Edward Jones, Stifel Nicolaus & Co, Janney Montgomery Scott, Axa Advisors, and Stephens Inc., Ordered to Reimburse Clients for Allegedly Improper Mutual Fund Fee Charges Five broker-dealers were ordered to reimburse clients a total of $18.4 million, of allegedly improper mutual fund fee charges, according to Financial Industry Regulatory Authority (“FINRA”) documents under review by Peiffer… Read more »

Francesco Puccio—Failure to Provide Documents, Customer Fund Conversion

Francesco Puccio Allegedly Converted Funds from a Non-firm Customer Francesco Puccio, of AXA Advisors and Cambridge Investment Research, allegedly converted funds from a non-firm customer, according to a recent FINRA Letter of Acceptance, Waiver and Consent. Francesco Puccio, the AWC reports, was a financial advisor and registered representative of Cambridge Investment Research from January 2014… Read more »

Brian White Accused of Conducting Undisclosed Private Securities Transactions

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… Read more »