On May 2, FINRA fined Axa for lying to 401k sponsors, members. AXA Advisors, LLC, misrepresentations to 401(k) plan sponsors and participants. Firm sells and services, group annuity contracts for employer-sponsored 401(k) retirement plans that an affiliated life insurance company issues and administers. Alleged Violations AXA advised employers to help determine what funds should be…
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