FINRA

Respondent Ha failed to respond to FINRA requests for information.

Letter

Bar (Permanent)

All capacities

Indefinite

12/10/2021

Pursuant to FINRA Rule 9552(h) and in accordance with FINRA’s Notice of Suspension and Suspension from Association letters dated September 7, 2021 and October 1, 2021, respectively, on December 10, 2021, Ha is barred from association with any FINRA member in all capacities. Ha failed to request termination of his suspension within three months of the date of the Notice of Suspension; therefore, he is automatically barred from association with any FINRA member in all capacities.

Clients alleges misrepresentation in the replacement of two incentive life insurance policies with two universal life insurance policies in 2016.

AXA Advisors, LLC

Discharged

RR discharged due to a verbal admission by the RR that he exercised discretion in three customer accounts without the customers' authorization and due to an allegation that the RR offered a referral fee to a client, which the client verbally confirmed, in violation of company policy.

The three customer accounts were jointly shared accounts with another RR at a different branch office in different state. The other RR office was responsible for customer communications. My office exercised discretion and placed the trades to improve client's overall positions during volatile market condition. No market loss and No customer complaint filed. All three accounts were fee based accounts, and zero commissions were earned by either RR. Unexplainably, the other RR is still employed with previous firm. This is a false allegation. I have never offered any referral fee and the client has never verbally confirmed. I have a client signed letter from this client, claiming no referral fee was offered and the client has never verbally confirmed with the previous firm. Both are false allegations.