William Calohan Allegedly Misrepresented Variable Life Insurance Policy

William Calohan (CRD #: 716453), a broker formerly registered with AXA Advisors, allegedly misrepresented an insurance policy, according to his BrokerCheck record, accessed on September 5, 2022. If you have questions about his conduct as a broker, keep reading.

Investor Dispute

On June 9, 2022, an investor alleged that William Calohan misrepresented the premiums on a variable life insurance policy purchased in 1996. This dispute was denied by the firm.

However, investors should be aware that firms don’t need to allow an external review before denying disputes. Investors can still pursue FINRA arbitration following a denial and may be able to recover their losses.

FINRA Rule 2020

Misrepresentation of investments violates FINRA Rule 2020, which bans the use of manipulation, deception, and other unethical methods to influence investors’ decisions.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

Background Information

William Calohan has passed the following exams:

• Series 65 – Uniform Investment Adviser Law Examination
• Series 63 – Uniform Securities Agent State Law Examination
• SIE – Securities Industry Essentials Examination
• Series 7 – General Securities Representative Examination
• Series 1 – Registered Representative Examination
• Series 53 – Municipal Securities Principal Examination
• Series 24 – General Securities Principal Examination
• Series 26 – Investment Company Products/Variable Contracts Principal Examination

He previously worked for AXA Advisors (CRD#:6627) and The Equitable Life Assurance Society of the United States (CRD#:4039).

Kurta Law Can Help

If you worked with William Calohan and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.