Finra bars former AXA rep for failure to appear at hearing

Ex-AXA broker was fired by firm for misrepresentations in VA sales

Aug 9, 2017 @ 1:26 pm

By InvestmentNews

The Financial Industry Regulatory Authority has banned Bryan C. Lightsey, a former broker at AXA Advisors, for failure to appear at a hearing looking into his conduct.

Mr. Lightsey, of Boca Raton, Fla., was terminated by AXA Advisors in 2016 after seven years with the firm for what AXA said were "material misrepresentations on multiple customer variable annuity applications." He then was affiliated with International Assets Advisory from March 2016 until August 29, 2016. Mr. Lightsey is no longer affiliated with a Finra member firm.

Mr. Lightsey began his securities career at Variable Annuity Marketing Company in 2001 and moved later that year to AIG Retirement Advisors, where he remained until 2008.

0
Comments

What do you think?

View comments

Recommended for you

Featured video

Events

Retirement: it's no longer about feeding pigeons from a park bench.

Today's retiree's expect so much from retirement than previous generations and advisers are in prime position to help their clients what's important and what's not.

Latest news & opinion

CFA Institute adding crypto, blockchain to curriculum

Subjects will be added to its Level I and II coursework for the first time next year.

Trump tax plan making dividend ETFs hot

Funds that are seeing inflows largely steer clear of sectors like utilities.

Wells Fargo Advisors continues to see a decline in brokers

Company also set aside $114 million over fees for rich clients.

Morningstar to replace funds in its managed portfolios with nine of its own

New sub-advised funds, offered exclusively through financial advisers, are intended to lower costs and provide 'greater flexibility.'

Average client assets top $2 million for first time

Charles Schwab's latest RIA Benchmarking Study reports organic growth is driving increased AUM and revenues.

X

Hi! Glad you're here and we hope you like all the great work we do here at InvestmentNews. But what we do is expensive and is funded in part by our sponsors. So won't you show our sponsors a little love by whitelisting investmentnews.com? It'll help us continue to serve you.

Yes, show me how to whitelist investmentnews.com

Ad blocker detected. Please whitelist us or give premium a try.

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print