Brandon Curt Stimpson of North Logan Utah a stockbroker associated with Allegis Investment Services LLC has been referenced in a customer initiated investment related arbitration claim in which the customer requested $2,481,000.00 in damages supported by allegations of (1) breach of a fiduciary duty by Stimpson (2) unauthorized and unsupervised options trades in the customer’s Allegis Investment Services account and (3) deceptive practices which resulted in losses for the customer. Financial Industry Regulatory Authority (FINRA) Arbitration No. 19-01433 (June 19, 2019).

FINRA Public Disclosure reveals that Stimpson has been referenced in nine more customer initiated investment related disputes concerning accusations of his sales practice violations while associated with Allegis Investment Services and Allegis Investment Advisors.

On January 30, 2017, a customer filed an investment related arbitration claim in reference to Stimpson’s conduct where the customer sought $400,000.00 in damages based upon accusations of a bad options strategy implemented for the customer’s account which generated losses. FINRA Arbitration No. 17-00135.

On October 2, 2017, a customer filed an investment related arbitration claim concerning Stimpson’s activities where the customer sought $300,000.00 in damages founded on accusations of Stimpson’s use of an unsuitable options strategy for the Allegis Investment Advisors customer. FINRA Arbitration No. 17-02566.

Stimpson is the subject of another customer initiated investment related arbitration claim in which the customer was awarded $270,452.34 in compensatory damages based upon Stimpson and Allegis Investment Advisors being found liable for the customer’s losses. FINRA Arbitration No. 16-03643 (Mar. 6, 2018).

According to the claim, purchases and sales of put options linked to the Russell 2000 Index were effected on an unsuitable and unauthorized basis in the customer’s account. Fiduciary obligations were violated and securities transactions failed to be supervised by Allegis Investment Advisors resulting in the customer’s loses.

On March 21, 2019, a customer initiated investment related arbitration claim pertaining to Stimpson’s conduct was settled for $48,000.00 in damages supported by allegations of Stimpson’s negligence and breach of both contractual and fiduciary duties relating to index option trades while at Allegis Investment Advisors. FINRA Arbitration No. 17-03420.

Allegis Investment Advisors discharged Stimpson on December 13, 2017 supported by allegations that the stockbroker violated its policies and ethics code. From May 2, 2019 to June 21, 2019, Stimpson was registered with United Planners’ Financial Services of America.

The information contained herein has been obtained from reliable sources however may not be accurate and is not guaranteed by us. Readers are encouraged to undertake their own independent investigation and evaluation of the relevant facts. All claims and allegations are subject to adjudication, decisions may be subject to appeal, and no inference is intended, nor should any inference be made from any information contained herein from any source.

Questions or comments regarding the source or accuracy of any information, including any subsequent developments, should be directed to:  [email protected]

This posting and the information on our website is for general information purposes only. This content should be not considered legal advice, and any responses, comments, e-mails, other communications do not form any attorney client relationship. Attorney Advertisement. See Important Disclaimer.

Guiliano Law Group, P.C.

Our practice is limited to the representation of investors. Over the last three decades, we have recovered more than a hundred million dollars for more than 1,000 injured investors from all over the United States and several foreign countries. We accept representation purely on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a confidential consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.

For more information concerning common claims against stockbrokers and investment professionals, please visit us at

To learn more about FINRA Securities Arbitration, and the legal process, please visit us at

Stockbroker Fraud. Securities Arbitration and Investment Fraud Lawyers.  
National Practice. Contingent Fee. Confidential Free Consultation.

 (877) SEC-ATTY

1700 Market Street, Suite 1005
Philadelphia, PA 19103
Direct: (215) 413-8223
Toll Free: (877) 732-2889

1260 South Soto Street, Suite 7
Los Angeles, California 90023
Direct: (213) 255-3475
Toll Free: (877) 732-2889

2750 NE 185th Street, Suite 302
Aventura, Florida 33180-2877
Direct: (786) 490-2413
Toll Free: (877) 732-2889

See Important Disclaimer

Tags: ,

No comments yet.

Leave a Reply

Name (required)

Email (will not be published) (required)