Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Philip Simone (Simone), previously associated with Axa Advisors, LLC, has at least 2 disclosable events. These events include one customer complaint, one regulatory event, alleging that Simone recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a settled customer complaint with a damage request of $100,001.00 on September 13, 2021.
The customer alleges that the Registered Representative concentrated their account(s) in unsuitable, high-commission, complex and risky investments. No dates of alleged activity were disclosed in the Statement of Claim.