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Tagged with "Commonwealth Financial Network"

Commonwealth Financial Network Files Lawsuit and FINRA Arbitration Claim Against Ohio National Life Insurance Company for Fraudulent Variable Annuity Scheme

Posted on November 19th, 2018 at 9:49 AM
Commonwealth Financial Network Files Lawsuit and FINRA Arbitration Claim Against Ohio National Life Insurance Company for Fraudulent Variable Annuity Scheme

In an unprecedented move, Ohio National Life Insurance Company (Ohio National) announced that starting mid-December the company will be terminating its selling agreements with brokerage firms and ceasing payments on all brokers’ trail commissions on variable annuity sales.

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Broker Terminated By His Firm for Outside Business Activities

Posted on February 11th, 2015 at 8:34 AM

According to a recent FINRA disclosure, Vadim Lubarsky resigned from his firm, Commonwealth Financial Network, for failing to disclose an outside business activity and his associated involvement with the sale of promissory notes without approval by his brokerage firm.

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