{"id":19741,"date":"2021-05-11T09:10:10","date_gmt":"2021-05-11T14:10:10","guid":{"rendered":"https:\/\/www.investorlawyers.com\/blog\/?p=19741"},"modified":"2021-05-13T09:10:23","modified_gmt":"2021-05-13T14:10:23","slug":"on-equity-sales-investor-losses","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/on-equity-sales-investor-losses\/","title":{"rendered":"O.N. Equity Sales Fined $1.3M Over Broker\u2019s Unsuitable Investing Strategy"},"content":{"rendered":"

Ohio National Financial Services Broker-Dealer Accused of Failing to Properly Supervise\u00a0<\/span><\/h2>\n

The Financial Industry Regulatory Authority (FINRA) announced that brokerage firm O.N. Equity Sales Co., an Ohio National Financial Services brokerage firm, must pay a $1.3M penalty for not adequately supervising a former broker who is accused of recommending an unsuitable investment strategy to customers.\u00a0<\/span><\/p>\n

The strategy involved whole life insurance policies and variable annuities (VAs). The former O.N. Equity Sales broker is no longer with the firm. He arrived at a separate settlement with the self-regulatory organization (SRO).\u00a0<\/span><\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Ohio National Financial Services Broker-Dealer Accused of Failing to Properly Supervise\u00a0 The Financial Industry Regulatory Authority (FINRA) announced that brokerage firm O.N. Equity Sales Co., an Ohio National Financial Services brokerage firm, must pay a $1.3M penalty for not adequately supervising a former broker who is accused of recommending an unsuitable investment strategy to customers.\u00a0 […]<\/p>\n","protected":false},"author":2,"featured_media":19743,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[4507],"tags":[4551,4353,4422],"class_list":["post-19741","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-unsuitability","tag-o-n-equity-sales","tag-unsuitability","tag-unsuitable-investment-recommendations"],"yoast_head":"\nO.N. 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