Korsa Kuebari Nzidee, of Brooklyn, New York, a stockbroker registered with Allstate Financial Services LLC, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $48,000.00 in damages based upon allegations that Nzidee invested their retirement savings in unsuitable real estate securities during the time that Nzidee was associated with Cetera Advisors LLC. Financial Industry Regulatory Authority (FINRA) Arbitration No. 20-03842 (September 7, 2021).
This is not the first time that Nzidee has been referenced in a customer initiated investment related dispute concerning Nzidee’s conduct in the securities industry. Public Disclosure shows that Nzidee was also referenced in a customer initiated investment related complaint that was settled on October 28, 2011, for $3,100.00 in damages based upon allegations that Nzidee made unsuitable investment recommendations to the customer during the period that Nzidee was associated with Chase Investment Services Corp.
Nzidee was associated with Cetera Advisors LLC in Rosedale, New York from July 10, 2015, to February 9, 2021. Nzidee has been associated with Allstate Financial Services LLC in Brooklyn, New York since July 21, 2023, as a stockbroker, and with Allstate Financial Advisors LLC in Brooklyn, New York since August 9, 2023, as an investment adviser representative.