RICHARD JOHN MONSOUR is currently employed as a Broker and/or Investment Adviser at AXA ADVISORS, LLC located at 5846 RIDGEWOOD ROAD, SUITE A206, JACKSON, MS, 39211.
RICHARD JOHN MONSOUR has worked at AXA ADVISORS, LLC since November 04, 1983
Disclosure History
RICHARD JOHN MONSOUR has 1 Disclosure Event(s).
Date: December 19, 2001 Category: Customer Dispute Allegations: PLAINTIFFS ALLEGE THAT, IN ORDER TO SELL ALL DIFFERENT TYPES OF LIFE INSURANCE POLICIES, DEFENDANTS USED A SCHEME WHICH INCLUDED MISREPRESENTATIONS, OMISSIONS AND CONCEALMENT OF MATERIAL FACTS. DEFENDANTS? ACTIONS ALLEGEDLY CONSTITUTED FRAUD, FRAUDULENT MISREPRESENTATION, FRAUDULENT INDUCEMENT, FRAUDULENT CONCEALMENT, CONSPIRACY TO COMMIT FRAUD AND BREACH OF FIDUCIARY DUTY. DAMAGES ARE UNSPECIFIED. Broker Comment: THIS LAWSUIT WAS RESOLVED AS PART OF THE SETTLEMENT OF A NUMBER OF LAWSUITS, CLAIMS AND THREATENED CLAIMS BY PRESENT AND FORMER POLICYHOLDERS IN MISSISSIPPI AGAINST THE EMPLOYING FIRM AND/OR ITS AFFILIATES AND CERTAIN OF ITS CURRENT AND FORMER REPRESENTATIVES. NO SPECIFIC PORTION OF THE TOTAL SETTLEMENT AMOUNT WAS ALLOCATED BY THE PAYING DEFENDANTS TO RESOLVE SPECIFIC ALLEGED CLAIMS IN WHICH THE REGISTERED REPRESENTATIVE WAS A NAMED PARTY. THE EMPLOYING FIRM BELIEVES THAT THE SETTLEMENT AMOUNT OF THIS LAWSUIT EXCEEDS $10,000. THE EMPLOYING FIRM AND ITS REGISTERED REPRESENTATIVES EXPRESSLY DENY ANY WRONGDOING OR LIABILITY IN CONNECTION WITH THESE CLAIMS.
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