Tag Archives: Allstate Financial Services LLC

LPL Stockbroker Charged With Outside Business Activity

January 19, 2021  |   Posted by :   |   Investment and Regulatory News, Selling Away and Outside Activities   |   Comments Off on LPL Stockbroker Charged With Outside Business Activity

Jason Howell Poff of Houston Texas a former stockbroker and investment adviser representative of LPL Financial LLC has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement with engaging in outside business activities that were not approved by the securities broker dealer. Department of Enforcement v. Jason Howell Poff Disciplinary Proceeding No. 2018058501502 […]

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Allstate Stockbroker Barred By FINRA In Investigation

December 22, 2020  |   Posted by :   |   Investment and Regulatory News, Misappropriation of Funds, Stockbroker Theft   |   Comments Off on Allstate Stockbroker Barred By FINRA In Investigation

David Alan Stateman of Miami Florida a stockbroker formerly registered with Allstate Financial Services LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he did not comply with FINRA personnel while he was under investigation for taking funds from a customer and for […]

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FINRA Sanctions Allstate Stockbroker For Outside Business Activities

November 04, 2020  |   Posted by :   |   Securities Arbitration Claims, Selling Away and Outside Activities   |   Comments Off on FINRA Sanctions Allstate Stockbroker For Outside Business Activities

James Ortega of Pompano Beach Florida a stockbroker formerly registered with Allstate Financial Services has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Ortega engaged in outside business activities. Letter of Acceptance Waiver and Consent No. 2019061168602 (Oct. 5, 2020). According […]

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Allstate Stockbroker Barred In Investigation

September 14, 2020  |   Posted by :   |   Selling Away and Outside Activities   |   Comments Off on Allstate Stockbroker Barred In Investigation

Charles Don Burchard (also known as Chuck Burchard) of Conroe Texas a stockbroker formerly registered with Allstate Financial Services LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Burchard failed to comply with FINRA personnel who were investigating accusations of his potential undisclosed […]

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New Jersey Catches Allstate Stockbroker Stealing $2 Million From Dead

July 11, 2020  |   Posted by :   |   Elder Financial Abuse, Misappropriation of Funds, Stockbroker Theft   |   Comments Off on New Jersey Catches Allstate Stockbroker Stealing $2 Million From Dead

Robert Gerard Merlo (also known as Robert Gerald Merlo) of Midland Park New Jersey a stockbroker formerly associated with Allstate Financial Services has been barred as a stockbroker in the State of New Jersey according to an Order issued by New Jersey Bureau of Securities that was based on Merlo pleading guilty to fraudulent activities. […]

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Allstate Stockbroker Barred In FINRA Investigation

June 23, 2020  |   Posted by :   |   Investment and Regulatory News   |   Comments Off on Allstate Stockbroker Barred In FINRA Investigation

Marie Bernadette Kincheloe (also known as Marie Bernadette McCarron) of Roanoke Virginia a stockbroker formerly associated with Allstate Financial Services has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on findings that she obstructed a FINRA investigation into her possible arrangement with an unregistered individual in handling […]

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FINRA Bars Allstate Stockbroker In Outside Business Activity Investigation

June 23, 2020  |   Posted by :   |   Selling Away and Outside Activities   |   Comments Off on FINRA Bars Allstate Stockbroker In Outside Business Activity Investigation

Timothy Bernard Cooney of Warren Rhode Island a stockbroker formerly associated with Allstate Financial Services has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that he failed to cooperate with FINRA’s investigation into allegations of his undisclosed outside business activities while registered with the securities […]

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FINRA Charges Allstate Stockbroker With Conversion

Jesse Gil III of Corpus Christi Texas a stockbroker formerly registered with Allstate Financial Services LLC has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement in a Complaint containing accusations that (1) Gil converted funds belonging to an elderly widow whom Gil advised outside Allstate Financial Services’ auspices (2) Gil failed to […]

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Allstate Stockbroker Barred By FINRA For Conversion

Kari Ann Buckles of Olean New York a stockbroker formerly registered with Allstate Financial Services LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that (1) Buckles converted a customer’s funds and (2) Buckles failed to cooperate with a FINRA investigation into allegations of […]

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Allstate Stockbroker Investigated For Theft By FINRA

Jesse Gil III of Corpus Christi Texas a stockbroker currently registered with Allstate Financial Services LLC is the subject of a Financial Industry Regulatory Authority (FINRA) Wells Notice which indicated that FINRA Department of Enforcement should take disciplinary action against Gil supported by accusations that (1) Gil engaged in outside business activities without disclosing them […]

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Investors Sue Allstate Financial For Failure To Supervise

Paul Joseph Godlewski of Coatesville Pennsylvania a stockbroker formerly registered with Allstate Financial Services LLC is referenced in a customer initiated investment related arbitration claim which was settled for $28,000.00 in damages supported by allegations that (1) Godlewski solicited a customer’s private placement investment outside the firm’s auspices causing a customer losses and (2) Allstate […]

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Allstate Financial Broker Sanctioned By FINRA For Forgery

April 10, 2019  |   Posted by :   |   Forgery, Investment and Regulatory News   |   0 Comments

Robert L. Bryant III of Lincoln Nebraska a stockbroker formerly registered with Allstate Financial Services LLC has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Bryant forged customer account documents and caused Allstate Financial Services to hold false […]

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FINRA Bars Cherry Hill Allstate Stockbroker In Theft Investigation

Ciro Joseph Santoro of Cherry Hill New Jersey a stockbroker formerly registered with Allstate Financial Services LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that Santoro did not provide FINRA with information that had been requested of him during its inquiry into Santoro’s […]

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FINRA Bars Allstate Broker In Investigation

February 20, 2019  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News   |   0 Comments

Robert Gerald Merlo of Midland Park New Jersey a stockbroker formerly employed by Allstate Financial Services LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on accusations that Merlo disregarded a FINRA inquiry possibly pertaining to him being charged with fraud. Case No. 2017053574002 (Jan. 15, […]

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Allstate Broker Barred For Failure To Comply With Inquiry

February 05, 2019  |   Posted by :   |   Investment and Regulatory News   |   0 Comments

Benham Halali of San Jose California a stockbroker formerly registered with Allstate Financial Services LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that Halali failed to cooperate with FINRA’s inquiry into his activities. Case No. 2015047264301 (Sept. 1, 2016). FINRA Public Disclosure additionally […]

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FINRA Bars Allstate Broker For Failure To Respond

September 12, 2018  |   Posted by :   |   Investment and Regulatory News   |   0 Comments

Michael Alan Sadouskas of Florence Kentucky a former registered representative of Allstate Financial Services LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on allegations that he failed to provide FINRA personnel with information requested of him in regard to his business activities and obligations. Case […]

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Allstate Broker Barred For Not Paying Arbitration Award

September 12, 2018  |   Posted by :   |   Investment and Regulatory News   |   0 Comments

Charles Courtney Sandoval of Tempe Arizona a stockbroker formerly employed by Allstate Financial Services LLC has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to an Order containing findings that Sandoval failed to comply with an arbitration award or otherwise confirm with FINRA whether he complied with […]

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Hawaiian Stockbroker Barred For Ignoring FINRA

August 25, 2018  |   Posted by :   |   Investment and Regulatory News   |   0 Comments

Casey Tyler Thompson of Wailuku Hawaii a stockbroker formerly employed by Allstate Financial Services LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by allegations that he failed to provide FINRA with a response to its request for Thompson’s information. Case No. 2017055740601 (Feb. 20, 2018). […]

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Allstate Stockbroker Suspended By FINRA For Selling Away

Mark Brian Quimby of Tampa Florida a stockbroker formerly employed by Allstate Financial Services LLC has been fined $10,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he sold away from the firm. Letter of Acceptance Waiver and Consent […]

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Allstate Accused Of Annuity Omissions

June 30, 2018  |   Posted by :   |   Investment and Regulatory News, Variable Annuites   |   0 Comments

Jeffrey Michael Stillwell of Freehold New Jersey a stockbroker formerly employed by Allstate Financial Services, LLC is referenced in a customer initiated investment related written complaint on January 17, 2018 where the customer requested $149,271.00 in damages supported by accusations that Stillwell supposedly failed to inform the customer that the customer’s variable annuity income riders […]

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Customer Accuses Allstate Of Unauthorized Transactions

December 15, 2017  |   Posted by :   |   Investment and Regulatory News, Unit Investment Trusts (UITs)   |   0 Comments

Aaron Christopher Mesaros, of Mukilteo, Washington, a stockbroker currently registered with Allstate Financial Services, LLC, is the subject of a customer initiated investment related written complaint on November 19, 2015, in which the customer requested $5,000.00 in estimated damages supported by allegations of the unauthorized rollover of the customer’s existing unit investment trust into a […]

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FINRA Bars Allstate Stockbroker For Obstruction

David Lee Reynolds, of Modesto, California, a stockbroker formerly employed with Allstate Financial Services, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that he failed to cooperate in an investigation into allegations that he misappropriated customer funds. Letter of Acceptance, Waiver and Consent, […]

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Investment Professionals Customer Complaint Alleges Unsuitability

June 19, 2017  |   Posted by :   |   Investment and Regulatory News, Variable Annuites   |   0 Comments

Robert Charles Moriarty, of Harvard, Illinois, a stockbroker formerly registered with Investment Professionals, Inc., has been named in a customer initiated investment related written complaint on April 30, 2017, in which the customer requested $100,000.00 in damages based upon allegations that Moriarty failed to apprise the customer about tax obligations resulting from effecting variable annuity […]

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Allstate Financial Services Broker Suspended For Selling Away

David Michael Panetta, of Nutley, New Jersey, a registered representative formerly associated with Allstate Financial Services, LLC, has been fined $7,500.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he engaged in outside business activities without his firm’s knowledge, and made false […]

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AXA Advisors Stockbroker Charged With Unsuitable Recommendations

May 18, 2017  |   Posted by :   |   Investment and Regulatory News, Mutual Fund Fraud   |   0 Comments

James Davis Trent, of Columbia, South Carolina, a stockbroker formerly registered with AXA Advisors LLC, was charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement in a Complaint containing allegations that he made unsuitable investment recommendations to customers. Department of Enforcement v. James Davis Trent, No. 2014041539301 (Apr. 27, 2017). According to the Complaint, […]

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Allstate Financial Services Stockbroker Suspended

April 10, 2017  |   Posted by :   |   Customer Loans, Investment and Regulatory News   |   0 Comments

David Ladin, of Pembroke Pines, Florida, a stockbroker formerly registered with Allstate Financial Services, has been fined $10,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he engaged in outside business activities and entered into loan arrangements without authorization […]

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Allstate Financial Services Stockbroker Suspended

March 16, 2017  |   Posted by :   |   Forgery, Investment and Regulatory News, Variable Annuites   |   0 Comments

Frederick Martin Quinn Jr., of Toledo, Ohio, a stockbroker formerly registered with Allstate Financial Services, LLC, has been fined and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Quinn, inter alia, signed the names of customers on annuity exchange documentation without the customers’ […]

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Allstate Financial Services Fined For Suitability Violations

Allstate Financial Services, LLC, headquartered in Lincoln, Nebraska, has been censured and fined $1,000,000.00 by Financial Industry Regulatory Authority (FINRA) after consenting to findings that the firm, inter alia, had mass incomplete or missing accounts records concerning customer suitability. Letter of Acceptance, Waiver and Consent, No. 2015047806501(Dec. 15, 2016). According to the AWC, between 2001 […]

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Allstate Financial Services Stockbroker Fined For Forgery

William Fredrick Kerschbaumer, Jr., of Carrollton, Ohio, was fined $12,500.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity after consenting to findings that he forged his firm customer’s signatures and made misrepresentations to customers and his firm concerning annuity terms. Letter of Acceptance, Waiver and Consent, No. […]

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Wells Fargo Stockbroker Suspended For Outside Business Activities

Paul Anthony Akre, of Waukesha, Wisconsin, a stockbroker with Wells Fargo Advisors, LLC, was fined $15,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity after consenting to findings that he engaged in unauthorized outside business activities, a private securities transaction, and improper loans with customers. […]

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