Category Archives: AXA Advisors

Bryan O. Eberle-Former LPL Financial Broker-Discloses 2 Terminations From Employment

August 2016- Marlton, NJ

The FINRA records of  Bryan O. Eberle,  a  stock broker who is currently employed by Client One Securities  disclose  two terminations from employment.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

In December 2015, Eberle was permitted to resign from LPL Financial who made the following allegation on his FINRA record:“Resigned following notification of Firm’s intention to terminate registration based on violation of Firm’s outside business activity policy”.

Bridge Wealth Advisors reports that Eberle was discharged in March 2015 and made the following allegation on Eberle’s FINRA record: “Advisor conspired with other advisors of the firm to remove client information from firm’s data base with the intent to start their own firm. Advisor left firm knowingly that he owed money to the firm. Advisor did not comply to his non compete and confidentiality agreement. Investigations are still pending.”

Eberle has been registered with Client One Securities since 1/2016.  He was registered with LPL Financial from 10/2011-1/2016 & with AXA Advisors from 1/2011-11/2011 & with Bridge Wealth Advisors from 10/2011-3/2015.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Jetmir Ahmeti- Former Edward Jones Broker-Discloses Discharge and Regulatory Sanctions-Richardson, TX

Richardson, Texas

UPDATE APRIL 2017Jetmir Ahmeti is not currently registered with any broker dealer according to FINRA records.  Ahmeti was discharged from Edward Jones 5/2015. The firm made the following allegation in connection with his discharge: “Mr. Ahmeti opened 14 accounts without speaking to the putative account owners. One of the accounts opened was for a deceased person.”

In April 2017 FINRA suspended Ahmeti for nine months  to resolve allegations that he failed to disclose a material fact on regulatory forms.

ORIGINAL POST-October 21st, 2015-

The Texas State Securities Board (TSSB) entered a disciplinary order against Jetmir Ahmeti of Ahmeti Wealth Management, Richardson, Texas. In the Order, which can be accessed here, Ahmeti was reprimanded, suspended for 30 days and assessed a fine of $5,000.

The TSSB found that Ahmeti failed to disclose to his firm that he had been charged with a felony on November 3, 2014, in violation of TSSB rules.

His official FINRA records report that  Ahmeti was terminated by Edward Jones on May 1, 2015, for opening fourteen new brokerage accounts without speaking to the potential account owners. One of the accounts opened was for a deceased person.

Ahmeti was registered with Edward Jones from 9/2009-5/2015. Prior to that he was registered with AXA Advisors.

If you have questions about an account handled by Jetmir Ahmeti, contact us to speak with an experienced securities professional.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Former Cambridge Investment Research Broker Charged with Felony

August 19, 2015,

Francesco Puccio , entered into a Letter of Acceptance, Waiver and Consent (AWC)  with the Financial Industry Regulatory Authority (FINRA) to resolve allegations that he would not provide documents and information in connection with a FINRA investigation into allegations that he converted funds from a non-firm customer.

AWC  No. 2015046238101

Puccio was permanently barred from the securities industry. According to FINRA records, Puccio’s registration history includes the following:

  • Cambridge Investment Research                           1/2014-7/2015
  • Axa Advisors, LLC                                                             1/2011-1/2014
  • CCO Investment Services                                            8/2009-1/2011

FINRA records indicate that Puccio has been charged with second degree grand larceny in Wheatland Town Court, Monroe County, New York. If you suffered losses in an account handled by Puccio, call to speak with an experienced securities attorney to discuss your legal options.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

StockBroker Sanctioned for Mutual Fund Churning

August 4,2015

Ronald J. Benevento of Holbrook, NY entered into a Letter of Acceptance Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA) to resolve allegations that he engaged in unsuitable mutual fund switching in three customer accounts from 9/2011-4/2013. In addition, FINRA found that he mismatched 15 order tickets as “unsolicited” causing his member firm to maintain inaccurate books and records in violation of FINRA rules.

With regard to the mutual fund switching, FINRA found that Benevento recommended 29 mutual fund switch transactions in three customer accounts without having reasonable grounds for believing that such transactions were suitable for those customer and causing losses of $45,000.

AWC NO. 20130353695

Benevento was suspended for 60 days and assessed a fine of $5,000.  According to FINRA records Benevento was registered with American Portfolios Financial Services from 3/2010-3/2015. Prior to that he was registered with AXA Advisors.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Brian M. White -Former Hornor/Townsend/Kent Broker-Barred from Securities Industry-Woodlands, TX

June 30, 2015

A FINRA Department of Enforcement Hearing Panel made a decision that Brian Michael White engaged in undisclosed outside business activities and  provided false testimony to FINRA staff in connection with an investigation.

He was barred in all capacities from associating with any FINRA member and ordered to pay hearing costs.

According to the decision White engaged in an undisclosed business activity though an entity named SMW Ventures, LP, a Texas limited partnership.

Disciplinary Proceeding No. 2012033128703

According to  FINRA records, White was registered with Hornor, Townsend & Kent in Houston 9/2012-10/2013. Prior to that he was registered with AXA Advisors in the Woodlands, Texas, 12/2008-8/2011.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Houston Couple Awarded $1.1 Million Against Broker Terry Chilton for Losses on Annuities

May 15, 2015-Houston, Texas

A FINRA (Financial Industry Regulatory Authority) arbitration panel in Houston, Texas, awarded over $1.1 million to a couple who filed a claim alleging that the annuities they had been sold were too risky and that their repeated demands to reduce risk in their retirement portfolio were ignored. McCorquodale vs. AXA Advisors, AXA Equitable Insurance Company, Terry Wayne Chilton, IMS Securities, Jackson National Life Insurance, et al, Case Number 13-02390.

Claimants settled their claims with AXA, IMS Securities and Jackson Life and the hearing proceeded against the broker Terry Chilton and his companies. In addition to the $1.1 million in compensatory damages, claimants were also awarded expert witness costs of $30,000.

If you believe you have been sold annuities that are too risky for your portfolio, contact us to discuss your options for recovery of losses.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Phil Williamson Charged in South Florida Securities Fraud

June 1, 2015

Phil D. Williamson, 48, of Miami, Florida, was charged with investment advisor fraud according to an FBI Press Release which reports that he raised over two million dollars from 17 individuals who were led to believe he worked for a nationally recognized financial services firm.

Williamson deposited the victims money in bank accounts in the name of two companies he owned, Sterling Investment Fund and Sterling Financial Partners. Investors were led to believe they would be investing in real estate in Florida and Georgia. He concealed the fraud by issuing false statements and in classic Ponzi scheme style, by paying early investors with money received from new investors.

In a parallel action the SEC charged him with securities fraud and other violations. Williamson agreed to settle those charges and is liable for over $700,000 in disgorgement.

The victims include retired teachers and law enforcement officers who sought safe investments for their retirement savings.

According to FINRA records, Williamson previously was registered with the following firms:

  • Hartford Equity Sales Company
  • OneAmerica Securities
  • MML Investor Services
  • AXA Advisors

If you suffered losses in an account handled by Williamson, you may be able to recover damages from the firm that employed him. Call to discuss your options.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870