Securities Lawyers Blog
Gana Weinstein LLP is a securities law firm that represents investors in investment disputes with brokerage firms and financial advisors, including customers of The O.N. Equity Sales Company. Our practice covers the full range of investor claims, from unsuitable investments, margin losses, and options trading losses to breach of fiduciary duty and failure to supervise. If your financial advisor lost your money, our FINRA lawyers can determine whether the losses were the result of misconduct and whether a claim against the brokerage firm is available.
The O.N. Equity Sales Company, known as ONESCO, is the retail broker-dealer affiliate of Ohio National that provides securities brokerage, mutual funds, variable insurance products and related investment services through independent representatives. Established in 1968 and based in Montgomery near Cincinnati, Ohio, the firm is a subsidiary of Ohio National Financial Services, an insurance and financial services enterprise founded in 1909.
The O.N. Equity Sales Company – By the Numbers:
- CRD #: 2936
- Regulatory Events: 7
- Arbitration Events: 2
- Broker Employees: 380
The O.N. Equity Sales Company – In the News:
FINRA v. The O.N. Equity Sales Company (Case #2018059035703) – From March 2014 through September 2017, ONESCO failed to establish and maintain a supervisory system, and failed to establish, maintain, and enforce written supervisory procedures, that were reasonably designed to supervise the sale of variable annuities. As a result, the firm failed to detect that its representative (Representative A) recommended an unsuitable investment strategy involving the liquidation of retirement funds to purchase variable annuities followed by the short-term withdrawal of funds from those annuities to purchase whole life insurance policies. Based on the foregoing, ONESCO violated NASD Rule 3010 (for conduct before December 1, 2014), FINRA Rule 3110 (for conduct on or after December 1, 2014), FINRA Rule 2330, and FINRA Rule 2010.
Our broker misconduct attorneys have successfully pursued FINRA arbitration claims against brokerage firms large and small. If your financial advisor at The O.N. Equity Sales Company lost your money, contact Gana Weinstein LLP for a free, no obligation consultation.