Wednesday, November 22, 2006

 

Phoenix, Former Reps To Settle Dispute

The Phoenix Cos. Inc. and dozens of its former sales people, who bitterly accused the company of deceit and mistreatment when it sold their unit, have agreed to settle an arbitration complaint and related court case.

The settlement, which will not involve payment or any admission of wrongdoing, would resolve allegations by former sales representatives of WS Griffith Securities. Phoenix sold Griffith, a broker-dealer, to LPL Financial Services in 2004.

Phoenix, Former Reps To Settle Dispute
Source: Hartford Courant

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