Broker Lawsuit Against Ohio National Could Be ‘Just The Beginning’
November 8, 2018 by John Hilton
An LPL Financial broker filed a lawsuit Tuesday, asking an Ohio court for an injunction to prevent Ohio National from eliminating trail commissions on select variable annuity contracts.
A lawsuit was expected, and one industry analyst said there will be more.
“This is just the beginning,” said Sheryl Moore, president and CEO of Moore Market Intelligence. “I think the distributors will be the next to file.”
Click HERE to read the full story via INN; subscription required.
Originally Posted at InsuranceNewsNet on November 7, 2018 by John Hilton.
Categories: Sheryl's Articles