Christopher Steven Coffey, of Johnson City, Tennessee, a stockbroker registered with Allstate Financial Services LLC, has been discharged by the securities broker dealer on December 15, 2023, based upon allegations that Coffey submitted variable annuity withdrawal forms containing non-genuine signatures.
Financial Industry Regulatory Authority (FINRA) Public Disclosure shows that Coffey is referenced in three customer initiated investment related disputes concerning Coffey’s conduct while associated with securities broker dealers. On June 7, 2022, a customer initiated investment related complaint involving Coffey’s conduct was settled for $23,347.34 in damages based upon allegations that Coffey made misrepresentations of material fact in connection with the sale of mutual funds during the time that Coffey was associated with Allstate Financial Services LLC.
On October 26, 2023, another customer filed an investment related complaint involving Coffey’s conduct in which the customer alleged misrepresentations of material fact regarding the lifetime income benefit rider on a variable annuity. Allegedly, he told the customer that the income base would increase after one year even after the lifetime income was initiated. This complaint was closed on January 16, 2024.
On January 16, 2024, a different customer initiated investment related complaint involving Coffey’s conduct was settled for $8,043.55 in damages based upon allegations that Coffey was involved in the submission of withdrawal or distribution forms containing unauthentic customer signatures.
Coffey was associated with Allstate Financial Services LLC in Johnson City, Tennessee from November 25, 2019, to December 15, 2023.
