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New York State Fines AXA Equitable $20 Million Over Variable Annuity Products

Governor Andrew M. Cuomo announced on March 17, 2014, that AXA Equitable (AXA) agreed to a consent order to pay a $20 million fine to the New York Department of Financial Services (DFS) for violations relating to certain variable annuity products.  The DFS investigation uncovered that AXA made changes to…

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