RONALD GARY LANGUS is currently employed as a Broker and/or Investment Adviser at AXA ADVISORS, LLC located at 1290 AVENUE OF THE AMERICAS, 4TH FL, NEW YORK, NY, 10104.
RONALD GARY LANGUS has worked at AXA ADVISORS, LLC since October 20, 1980
RONALD GARY LANGUS has 4 Disclosure Event(s).
Date: November 13, 2013 Category: Customer Dispute Allegations: CLIENT'S DAUGHTER ALLEGES THE SALE OF A 2007 VARIABLE ANNUITY WAS AN UNSUITABLE INVESTMENT FOR HER FATHER. CLIENT IS REQUESTING THE FIRM TO PAY BACK THE PRINCIPAL THAT HE LOST IN THE AMOUNT OF $30,806.35. Damage Amount Requested: $30,806.35 Settlement Amount: $4,305.04 Broker Comment: THE FIRM AGREED TO REIMBURSE THE CLIENT FOR THE WITHDRAWAL CHARGES HE INCURRED AS A RESULT OF THE SURRENDER OF HIS 2007 VARIABLE ANNUITY POLICY. LOSS TO FIRM: $4,305.04. RR LANGUS' ERRORS AND OMISSIONS DID NOT CONTRIBUTE TO THE SETTLEMENT.
Date: January 24, 2013 Category: Customer Dispute Allegations: CLIENTS ALLEGE THAT THE SALE OF TWO VARIABLE LIFE INSURANCE POLICIES WERE UNSUITABLE INVESTMENTS AND THAT THE AGENT DID NOT INITIALLY INFORM THEM OF ANY CHARGES ASSOCIATED WITH THE POLICIES. CLIENTS ARE REQUESTING THE FIRM TO RESCIND THE POLICIES AND HAVE THEIR ORIGINAL TERM POLICIES RETURNED TO THEM. DAMAGES UNSPECIFIED. Settlement Amount: $51,487.94 Broker Comment: THE FIRM AGREED TO CANCEL THE TWO (2012) VARIABLE LIFE INSURANCE POLICIES AND REFUND THE TOTAL PREMIUMS PAID, AND TO REINSTATE THE ORIGINAL TERM POLICIES. LOSS TO FIRM $51,487.94. RR LANGUS' ERRORS AND OMISSIONS CARRIER DID NOT CONTRIBUTE TO THE SETTLEMENT.
Date: October 13, 2008 Category: Customer Dispute Allegations: CLIENT ALLEGES HE TRANSFERRED HIS CORPORATION'S PENSION TO A VARIABLE ANNUITY BASED ON THE AGENT'S RECOMMENDATION. CLIENT ALLEGES THE AGENT NEVER DISCLOSED THAT HE WAS SIGNING AN 8 YEAR CONTRACT OR THAT THERE WOULD BE ANY PENALTIES FOR MOVING THE ACCOUNT. CLIENT IS REQUESTING THE FIRM TO WAIVE THE SURRENDER CHARGE. Damage Amount Requested: $13,604.68 Broker Comment: THE FIRM HAS FOUND NO BASIS FOR THE CUSTOMER COMPLAINT.
Date: September 01, 1996 Category: Regulatory Initiated By: NEW YORK INSURANCE DEPARTMENT Allegations: VIOLATION OF SECTION 2117 OF THE NEW YORK INSURANCE LAW; SOLICITATION AND/OR SALE OF AN INSURANCE POLICY FOR EQUITABLE OF COLORADO, INC. TO A NEW YORK RESIDENT IN NEWYORK. EQUITABLE OF COLORADO, INC. IS NOT LICENSED TO DOBUSINESS IN NEW YORK. Resolution: Stipulation and Consent SanctionDetails: Sanctions: Monetary/Fine SanctionDetails: Amount: $500.00 Sanction Details: I AGREED TO A STIPULATION WHEREBY I WAS FINED$500.00. Broker Comment: AT THE TIME OF THE VIOLATION I WAS UNAWARE THAT MY ACTIONS CONSTITUTED THE AIDING AND ABETTING OF AN UNAUTHORIZED INSURER IN THE DOING OF THE BUSINESS OF INSURANCE IN NEW YORK. I AGREED TO ENTER INTO A STIPULATION TO AVOID THEDELAY AND EXPENSE CONNECTED WITH A FORMAL HEARING AND TO BRING THIS MATTER TO A CLOSE.
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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.
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