Camille Cordova Sanctioned For Investment Recommendations

The Financial Industry Regulatory Authority (FINRA) reports allegations of sales practice violations by securities broker Camille Cordova [CRD #: 6734084, Glendale, CA]. Cordova worked for NYLife Securities LLC from 2019-2022 and AXA Advisors LLC from 2007-2019.

Evidently, an Equitable Advisors investor disputed Cordova’s sales practices. Additionally, the securities broker discloses a regulatory action resulting in sanctions against her. However, Cordova denies the allegations of sales practice violations. Read on to learn more about the allegations against Cordova.

Equitable Advisors Client Accuses Camille Cordova Of Unsuitable Recommendations

Evidently, an Equitable Advisors client filed FINRA Arbitration #: 20-03050 about Camille Cordova. Specifically, the client alleged that Cordova made unsuitable recommendations. Because of this, the client claims that they experienced damages relating to investments in variable annuities. Therefore, on November 15, 2021, Equitable Advisors settled this matter by paying the client $312,500.

FINRA Sanctions Cordova

Specifically, FINRA says that Cordova made unsuitable recommendations during the time that she was associated with Equitable Advisors LLC. At issue were the tax implications surrounding a variable annuity that Cordova and another representative recommended for a family trust formed by a senior married couple.

Cordova and the other representative recommended that the trust purchase the variable annuity by making withdraws from the trust's indexed annuity. Cordova and the other representative knew that the purchase would not be suitable for the trust if there were negative tax implications. However, Cordova and the other representative did not sufficiently research if there was a way to complete the purchase without negative tax implications. Ultimately the withdraws triggered a negative tax implication for the trust. For this reason, FINRA states that Cordova violated FINRA Rules 2010 and 2111.

Did Equitable Advisors Securities Broker Camille Cordova Cause You To Experience Damages?

Have you experienced damages by investing with Camille Cordova? If the answer is yes, reach out to Soreide Law Group at (888) 760-6552 to talk with a securities lawyer about a possible recovery of your investment damages. Soreide Law Group, who has successfully recovered money for investors throughout all 50 states, represents clients through a contingency fee arrangement and advances all costs. Cordova and brokerage firms Cordova associated with deny all allegations against them.