Judge: Ohio National Decision To End Trails Eligible For Arbitration
April 9, 2019 by John Hilton
A Massachusetts’ federal judge has ruled that Finra arbitration is appropriate to settle one of several legal challenges to Ohio National’s decision to end trail commissions on a specific variable annuity.
Judge Denise J. Casper ruled that an addendum to the Ohio National selling agreement commits them to arbitration with Commonwealth Equity Services. An independent broker-dealer, Commonwealth and one of its advisors, Margaret Benison, are plaintiffs.
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Originally Posted at InsuranceNewsNet on April 9, 2019 by John Hilton.
Categories: Industry Articles