Brandon Curt Stimpson of North Logan Utah is a stockbroker formerly registered with Allegis Investment Services, LLC and advisor with Allegis Investment Advisors LLC who was fired on December 13, 2017, supported by allegations that he failed to conform to Allegis Investment Services’ code of ethics as well as other firm policies.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Stimpson has been referenced in eight customer initiated investment related disputes containing accusations of Stimpson’s improper conduct during the time he was associated with Allegis Investment Advisors, LLC. In particular, on August 28, 2015, a customer filed an investment related written complaint involving Stimpson’s conduct alleging that Stimpson neglected to transfer funds to the customer’s 401(k) account from the customer’s investment advisory account.
On October 8, 2015, another customer filed an investment related written complaint regarding Stimpson’s activities in which the customer alleged to have been deprived of details surrounding the options investment strategy which had been recommended for the customer’s advisory based account. On February 16, 2016, another customer initiated investment related written complaint that pertained to Stimpson’s activities was resolved for $35,000.00 in damages founded on allegations that Stimpson executed options transactions in the customer’s account which failed to conform the investment strategy that had been implemented for the customer.
Then, a customer filed an investment related arbitration claim involving Stimpson’s conduct where the customer sought $69,600.00 in damages based upon accusations that Stimpson executed an unsuitable options trade in the customer’s advisory account and neglected to apprise the customer about the risks relating to the customer’s investment strategy. FINRA Arbitration No. 15-03207 (Dec. 21, 2015).
Stimpson is also the subject of a customer initiated investment related arbitration claim in which the customer requested $400,000.00 in damages supported by allegations of suitability and undue trading losses within the customer’s advisory account. FINRA Arbitration No. 17-00135 (Jan. 30, 2017). Moreover, a customer filed an investment related arbitration claim concerning Stimpson’s activities where the customer sought $300,000.00 in damages founded on accusations that an inappropriate investment strategy involving options was utilized for the customer. FINRA Arbitration No. 17-02566 (Oct. 2, 2017).
Furthermore, a customer was awarded $404,482.00 in damages according to an investment related arbitration claim in which Stimpson was found liable for effecting unauthorized and unsuitable index put options purchases and sales in the customer’s investment portfolio. FINRA Arbitration No. 16-03643 (Mar. 6, 2018). The customer additionally alleged that Allegis Investment Services, LLC and Allegis Investment Advisors LLC breached its fiduciary duties to the customer and failed to supervise Stimpson’s activities.
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