HERMAN ALBERT JACOBI

HERMAN ALBERT JACOBI is currently employed as a Broker and/or Investment Adviser at AXA ADVISORS, LLC located at 1052 HIGHLAND COLONY PKWY, 100 CONCOURSE SUITE 200 S, RIDGELAND, MS, 39157.

HERMAN ALBERT JACOBI has worked at AXA ADVISORS, LLC since June 01, 2005

Disclosure History

HERMAN ALBERT JACOBI has 1 Disclosure Event(s).

Date: February 07, 2003
Category: Customer Dispute
Allegations: THE COMPLAINT ALLEGES: "DEFENDANTS FRAUDULENTLY CONCEALED FUNDAMENTAL FACTS AND INFORMATION CONCERNING THE POLICY, WHICH BECAUSE CONCEALED, INDUCED PLAINTIFF TO PURCHASE THE POLICY"; "SALES PRESENTATIONS AND MATERIALS CONCEALED MATERIAL FACTS ABOUT PRODUCTS SOLD"; "PLAINTIFF WAS LED TO BELIEVE THAT SHE WOULD ONLY HAVE TO MAKE A CERTAIN AMOUNT OF OUT OF POCKET PAYMENTS AND THE POLICY WOULD BE SELF-SUSTAINING"; "DEFENDANTS FAILED TO PROCURE COVERAGE THAT WAS APPROPRIATE FOR THE PLAINTIFF".
Broker Comment: THIS CASE WAS REMOVED TO THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF MISSISSIPPI ON MARCH 10, 2003 ON THE GROUNDS THAT THE RESIDENT DEFENDANTS WERE FRAUDULENTLY JOINED IN THE LAWSUITS IN AN EFFORT TO DEFEAT FEDERAL DIVERSITY JURISDICTION. THE CASE WAS TRANSFERRED TO THE UNITED STATES DISTRICT COURT FOR THE DISTRICT OF MASSACHUSETTS TO BE CONSOLIDATED WITH THE MDL CASE "IN RE MUTUAL LIFE INSURANCE COMPANY OF NEW YORK PREMIUM LITIGATION". THE CASES WERE TRANSFERRED ON AUGUST 20, 2003 AND THERE HAS BEEN NO ACTIVITY SINCE THAT TIME.

More Information

All individuals registered to sell securities or provide investment advice are required to disclose customer complaints and arbitrations, regulatory actions, employment terminations, bankruptcy filings and criminal or civil judicial proceedings.

A disclosure includes information about customer disputes, disciplinary events and financial matters on the broker's record as reported by securities regulators, the individual broker, and any involved firms. Some of these items may involve pending actions or allegations that have not been resolved or proven. The presence of a disclosure does not automatically indicate any wrongdoing.

BrokerCheck is the source of the data included in this Report. The data was compiled on June 29, 2018.

To view the full report for HERMAN ALBERT JACOBI, click here.

The use of BrokerCheck data is subject to the BrokerCheck Terms of Use.