Broker To Appeal Ruling On Ohio National Trail Commissions
October 9, 2019 by John Hilton
An attorney for Stephen Cook, a broker who sued Ohio National to recoup trail commissions, said his client will appeal an Oct. 2 ruling dismissing his lawsuit.
Cook, a Dallas-based advisor affiliated with Triad Advisors, filed a class-action lawsuit filed in March challenging Ohio National’s decision to stop paying trail commissions on certain variable annuities.
Ohio National terminated “any and all servicing agreements” on the VAs with a guaranteed minimum income benefit rider on Dec. 12, 2018.