Rodolf Ivan Wenzel (also known as Roldolf Wenzel), of Redlands, California, a stockbroker registered with Allstate Financial Services LLC, was the subject of a customer initiated investment related complaint that was settled on March 12, 2020, for $25,864.56 in damages based upon allegations that Wenzel made omissions of material fact in connection with the recommendation and sale of variable annuities when Wenzel was associated with Allstate Financial Services LLC.
This is not the first time that Wenzel has been referenced in a customer initiated investment related dispute concerning Wenzel’s conduct in the securities industry. Financial Industry Regulatory Authority (FINRA) Public Disclosure shows that Wenzel was also referenced in a complaint filed on March 11, 2008, in which the customer requested $14,661.00 in damages based upon allegations that Wenzel made misrepresentations of material fact in connection with the sale of variable annuities when Wenzel was associated with Allstate Financial Services LLC.
Wenzel was associated with Allstate Financial Services LLC in Redlands, California, as a stockbroker from September of 1999 to May of 2018. Wenzel was discharged by Allstate Financial Services LLC on May 9, 2018, based upon alleged rebating on life insurance contracts. He was associated with Voya Financial Advisors Inc. in Redlands, California, as a stockbroker from September of 2019 to March of 2020.
