Clearing firm Axos to pay $49.2 million in lawsuit linked to failed broker-dealer

It is the latest in a series of stunning and multi-million dollar FINRA arbitration awards that Wall Street firms have lost in the past few years.

Jun 9, 2026 - 23:00
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Clearing firm Axos to pay $49.2 million in lawsuit linked to failed broker-dealer
It is the latest in a series of stunning and multi-million dollar FINRA arbitration awards that Wall Street firms have lost in the past few years.

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