AXA Advisors, LLC (CRD® #6627, NewYork, NewYork)

Published on: July 6, 2012 | By Russell L. Forkey, P.A.

Mutual Fund and Investment Fraud, and Negligence FINRA Arbitration and Litigation Lawyer, Russell L. Forkey, Esq.

January, 2010:

AXA Advisors, LLC (CRD® #6627, NewYork, NewYork) submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $250,000. Without admitting or denying the findings, the firm consented to the described sanctions and to the entry of findings that it failed to keep accurate and complete records relating to its direct mutual fund business, and failed to have adequate systems, procedures and related written procedures to reasonably supervise the matching of records for its direct mutual fund business. (FINRA® Case #2007008362001).