Tag Archives: Allstate Financial Services LLC

FINRA Charges Allstate Stockbroker With Conversion

Jesse Gil III of Corpus Christi Texas a stockbroker formerly registered with Allstate Financial Services LLC has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement in a Complaint containing accusations that (1) Gil converted funds belonging to an elderly widow whom Gil advised outside Allstate Financial Services’ auspices (2) Gil failed to […]

Read More »

Allstate Stockbroker Barred By FINRA For Conversion

Kari Ann Buckles of Olean New York a stockbroker formerly registered with Allstate Financial Services LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that (1) Buckles converted a customer’s funds and (2) Buckles failed to cooperate with a FINRA investigation into allegations of […]

Read More »

Allstate Stockbroker Investigated For Theft By FINRA

Jesse Gil III of Corpus Christi Texas a stockbroker currently registered with Allstate Financial Services LLC is the subject of a Financial Industry Regulatory Authority (FINRA) Wells Notice which indicated that FINRA Department of Enforcement should take disciplinary action against Gil supported by accusations that (1) Gil engaged in outside business activities without disclosing them […]

Read More »

Investors Sue Allstate Financial For Failure To Supervise

Paul Joseph Godlewski of Coatesville Pennsylvania a stockbroker formerly registered with Allstate Financial Services LLC is referenced in a customer initiated investment related arbitration claim which was settled for $28,000.00 in damages supported by allegations that (1) Godlewski solicited a customer’s private placement investment outside the firm’s auspices causing a customer losses and (2) Allstate […]

Read More »

Allstate Financial Broker Sanctioned By FINRA For Forgery

April 10, 2019  |   Posted by :   |   Forgery, Stockbroker Fraud News   |   0 Comments

Robert L. Bryant III of Lincoln Nebraska a stockbroker formerly registered with Allstate Financial Services LLC has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Bryant forged customer account documents and caused Allstate Financial Services to hold false […]

Read More »

FINRA Bars Cherry Hill Allstate Stockbroker In Theft Investigation

Ciro Joseph Santoro of Cherry Hill New Jersey a stockbroker formerly registered with Allstate Financial Services LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that Santoro did not provide FINRA with information that had been requested of him during its inquiry into Santoro’s […]

Read More »

Allstate Blamed By Investors For Bad Annuity Recommendations

April 10, 2019  |   Posted by :   |   Annuity Schemes, Stockbroker Fraud News   |   0 Comments

James Vincent Prosperi of Rochester New York a stockstockbroker formerly employed by Allstate Financial Services LLC is referenced in a customer initiated investment related written complaint on September 24, 2018 where the customer requested damages estimated to exceed $5,000.00 based upon accusations that while Prosperi was associated with Allstate Financial Services: (1) the customer was […]

Read More »

FINRA Bars Allstate Broker In Investigation

February 20, 2019  |   Posted by :   |   Stockbroker Fraud, Stockbroker Fraud News   |   0 Comments

Robert Gerald Merlo of Midland Park New Jersey a stockbroker formerly employed by Allstate Financial Services LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on accusations that Merlo disregarded a FINRA inquiry possibly pertaining to him being charged with fraud. Case No. 2017053574002 (Jan. 15, […]

Read More »

Allstate Broker Barred For Failure To Comply With Inquiry

February 05, 2019  |   Posted by :   |   Stockbroker Fraud News   |   0 Comments

Benham Halali of San Jose California a stockbroker formerly registered with Allstate Financial Services LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that Halali failed to cooperate with FINRA’s inquiry into his activities. Case No. 2015047264301 (Sept. 1, 2016). FINRA Public Disclosure additionally […]

Read More »

FINRA Bars Allstate Broker For Failure To Respond

September 12, 2018  |   Posted by :   |   Stockbroker Fraud News   |   0 Comments

Michael Alan Sadouskas of Florence Kentucky a former registered representative of Allstate Financial Services LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on allegations that he failed to provide FINRA personnel with information requested of him in regard to his business activities and obligations. Case […]

Read More »

Allstate Broker Barred For Not Paying Arbitration Award

September 12, 2018  |   Posted by :   |   Stockbroker Fraud News   |   0 Comments

Charles Courtney Sandoval of Tempe Arizona a stockbroker formerly employed by Allstate Financial Services LLC has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to an Order containing findings that Sandoval failed to comply with an arbitration award or otherwise confirm with FINRA whether he complied with […]

Read More »

Hawaiian Stockbroker Barred For Ignoring FINRA

August 25, 2018  |   Posted by :   |   Stockbroker Fraud News   |   0 Comments

Casey Tyler Thompson of Wailuku Hawaii a stockbroker formerly employed by Allstate Financial Services LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by allegations that he failed to provide FINRA with a response to its request for Thompson’s information. Case No. 2017055740601 (Feb. 20, 2018). […]

Read More »

Allstate Stockbroker Suspended By FINRA For Selling Away

August 25, 2018  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Mark Brian Quimby of Tampa Florida a stockbroker formerly employed by Allstate Financial Services LLC has been fined $10,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he sold away from the firm. Letter of Acceptance Waiver and Consent […]

Read More »

Allstate Accused Of Annuity Omissions

June 30, 2018  |   Posted by :   |   Annuity Schemes, Stockbroker Fraud News   |   0 Comments

Jeffrey Michael Stillwell of Freehold New Jersey a stockbroker formerly employed by Allstate Financial Services, LLC is referenced in a customer initiated investment related written complaint on January 17, 2018 where the customer requested $149,271.00 in damages supported by accusations that Stillwell supposedly failed to inform the customer that the customer’s variable annuity income riders […]

Read More »

Customer Accuses Allstate Of Unauthorized Transactions

December 15, 2017  |   Posted by :   |   Stockbroker Fraud News, Unit Investment Trusts   |   0 Comments

Aaron Christopher Mesaros, of Mukilteo, Washington, a stockbroker currently registered with Allstate Financial Services, LLC, is the subject of a customer initiated investment related written complaint on November 19, 2015, in which the customer requested $5,000.00 in estimated damages supported by allegations of the unauthorized rollover of the customer’s existing unit investment trust into a […]

Read More »

FINRA Bars Allstate Stockbroker For Obstruction

David Lee Reynolds, of Modesto, California, a stockbroker formerly employed with Allstate Financial Services, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that he failed to cooperate in an investigation into allegations that he misappropriated customer funds. Letter of Acceptance, Waiver and Consent, […]

Read More »

Investment Professionals Customer Complaint Alleges Unsuitability

June 19, 2017  |   Posted by :   |   Annuity Schemes, Stockbroker Fraud News   |   0 Comments

Robert Charles Moriarty, of Harvard, Illinois, a stockbroker formerly registered with Investment Professionals, Inc., has been named in a customer initiated investment related written complaint on April 30, 2017, in which the customer requested $100,000.00 in damages based upon allegations that Moriarty failed to apprise the customer about tax obligations resulting from effecting variable annuity […]

Read More »

Allstate Financial Services Broker Suspended For Selling Away

June 08, 2017  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

David Michael Panetta, of Nutley, New Jersey, a registered representative formerly associated with Allstate Financial Services, LLC, has been fined $7,500.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he engaged in outside business activities without his firm’s knowledge, and made false […]

Read More »

AXA Advisors Stockbroker Charged With Unsuitable Recommendations

May 18, 2017  |   Posted by :   |   Mutual Fund Fraud, Stockbroker Fraud News   |   0 Comments

James Davis Trent, of Columbia, South Carolina, a stockbroker formerly registered with AXA Advisors LLC, was charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement in a Complaint containing allegations that he made unsuitable investment recommendations to customers. Department of Enforcement v. James Davis Trent, No. 2014041539301 (Apr. 27, 2017). According to the Complaint, […]

Read More »

Allstate Financial Services Stockbroker Suspended

April 10, 2017  |   Posted by :   |   Customer Loans, Stockbroker Fraud News   |   0 Comments

David Ladin, of Pembroke Pines, Florida, a stockbroker formerly registered with Allstate Financial Services, has been fined $10,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he engaged in outside business activities and entered into loan arrangements without authorization […]

Read More »

Allstate Financial Services Stockbroker Suspended

March 16, 2017  |   Posted by :   |   Annuity Schemes, Forgery, Stockbroker Fraud News   |   0 Comments

Frederick Martin Quinn Jr., of Toledo, Ohio, a stockbroker formerly registered with Allstate Financial Services, LLC, has been fined and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Quinn, inter alia, signed the names of customers on annuity exchange documentation without the customers’ […]

Read More »

Allstate Financial Services Fined For Suitability Violations

December 24, 2016  |   Posted by :   |   Stockbroker Fraud News, Suitability   |   0 Comments

Allstate Financial Services, LLC, headquartered in Lincoln, Nebraska, has been censured and fined $1,000,000.00 by Financial Industry Regulatory Authority (FINRA) after consenting to findings that the firm, inter alia, had mass incomplete or missing accounts records concerning customer suitability. Letter of Acceptance, Waiver and Consent, No. 2015047806501(Dec. 15, 2016). According to the AWC, between 2001 […]

Read More »

Allstate Financial Services Stockbroker Fined For Forgery

September 09, 2016  |   Posted by :   |   Annuity Schemes, Forgery, Stockbroker Fraud, Stockbroker Fraud News   |   0 Comments

William Fredrick Kerschbaumer, Jr., of Carrollton, Ohio, was fined $12,500.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity after consenting to findings that he forged his firm customer’s signatures and made misrepresentations to customers and his firm concerning annuity terms. Letter of Acceptance, Waiver and Consent, No. […]

Read More »

Wells Fargo Stockbroker Suspended For Outside Business Activities

May 26, 2016  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Paul Anthony Akre, of Waukesha, Wisconsin, a stockbroker with Wells Fargo Advisors, LLC, was fined $15,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity after consenting to findings that he engaged in unauthorized outside business activities, a private securities transaction, and improper loans with customers. […]

Read More »

Allstate Financial Services Broker Barred in Misappropriation Investigation

February 23, 2016  |   Posted by :   |   Misappropriation of Funds, Stockbroker Fraud News   |   0 Comments

Shakif A. Khalil, of Ypsilanti, Michigan, a registered representative with Allstate Financial Services, LLC, was permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any and all capacities after consenting to findings that he failed to cooperate with a FINRA investigation into allegations that Khalil misappropriated funds from customers. Letter of […]

Read More »

Allstate Financial Services Broker Barred In Investigation

February 12, 2016  |   Posted by :   |   Customer Loans, Stockbroker Fraud News   |   0 Comments

Robert J. Cross of Rome, Georgia, a stockbroker with Allstate Financial Services, LLC, was barred by Financial Industry Regulatory Authority (FINRA) from associating with any FINRA member in any and all capacities after Cross consented to findings that he failed to cooperate with a FINRA investigation into allegations of his business activities. Letter of Acceptance, […]

Read More »

Allstate Stockbroker Barred In Misappropriation Investigation

Joseph Murray Snyder III, a Stockbroker with Allstate Financial Services, LLC, was permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member after consenting to findings that he failed to cooperate with FINRA in their investigation into allegations of Synder’s misappropriation of customer funds. Letter of Acceptance, Waiver, and Consent, No. 2014040233501 (Oct. […]

Read More »

Allstate Financial Services Stockbroker for Obstructing Investigation

Paul Joseph Godlewski, a Stockbroker with Allstate Financial Services, LLC, was permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity after consenting to findings that he failed to cooperate with a FINRA investigation into allegations that he engaged in unapproved outside business activities and failed to follow his firm’s […]

Read More »

Allstate Stockbroker In Investigation into Outside Business Activity

October 05, 2015  |   Posted by :   |   Outside Business Activities, Stockbroker Fraud News   |   0 Comments

Michael Tepedino, a Stockbroker for Allstate, was permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity after consenting to findings that he failed to cooperate with FINRA in their investigations into allegations that Tepedino was involved in outside business activities. Letter of Acceptance, Waiver, and Consent, No. 2014042533801 (June […]

Read More »

Allstate Financial Services Broker Barred for Defrauding Customers

Phillip Leonard Grasso, formerly a representative of Allstate Financial Services, was permanently barred in any and all capacities with a FINRA regulated entity after FINRA’s Office of Hearing Officers rendered a Default Decision finding that Grasso had misused and converted client funds in violation of FINRA Rules 2010 and 2150(a), engaged in securities fraud in […]

Read More »