DONALD CARL STOKES is currently employed as a Broker and/or Investment Adviser at AXA ADVISORS, LLC located at 3000 TOWN CENTER, SUITE 1335, SOUTHFIELD, MI, 48075.
DONALD CARL STOKES has worked at AXA ADVISORS, LLC since August 31, 1988
DONALD CARL STOKES has 2 Disclosure Event(s).
Date: November 17, 2009 Category: Customer Dispute Allegations: CLIENT ALLEGES THE SALE OF A VARIABLE ANNUITY CONTRACT WAS AN UNSUITABLE INVESTMENT. CLIENT FURTHER ALLEGES THAT SHE WAS NOT INFORMED OF THE FEES AND SURRENDER CHARGES REGARDING THIS ANNUITY. CLIENT IS REQUESTING A FULL REFUND IN THE AMOUNT OF $10,000. Damage Amount Requested: $10,000.00 Broker Comment: IN THE INTEREST OF GOOD CLIENT RELATIONS, THE FIRM AGREED TO CANCEL THE ANNUITY CONTRACT AND RETURN THE CURRENT CASH VALUE. THIS TRANSACTION RESULTED IN NO LOSS TO THE FIRM.
Date: January 13, 2009 Category: Customer Dispute Allegations: CLIENTS ALLEGE THE AGENT SOLD THEM A VARIABLE LIFE INSURANCE POLICY THAT THEY DID NOT NEED AND WERE NOT LOOKING FOR. CLIENTS FURTHER ALLEGE THEY HAVE LEARNED THAT THE POLICY WILL COST A LARGE AMOUNT TO MAINTAIN AND THEY WERE UNAWARE OF THE FEES INVOLVED. CLIENTS ARE REQUESTING THE FIRM TO INVESTIGATE THIS MATTER. DAMAGES ARE UNSPECIFIED. Settlement Amount: $10,011.56 Broker Comment: IN THE INTEREST OF GOOD CLIENT RELATIONS, AXA-EQUITABLE AGREED TO THE CANCELLATION OF THE POLICY AS IF IT HAD NEVER BEEN ISSUED. LOSS TO FIRM: $10,011.56
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