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.
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