Todd Eugene Seeholzer of North Logan Utah a former Allegis Investment Services LLC registered representative has been discharged by the firm on December 13, 2017 founded on accusations that Seeholzer failed to abide by the firm’s policies and procedures.
Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Seeholzer has been identified in three customer initiated investment related disputes containing allegations of Seeholzer’s improper conduct or sales practice violations while employed with Allegis Investment Services and Beneficial Financial Group. In particular, on December 18, 2009, a customer filed an investment related complaint involving Seeholzer’s activities in which the customer requested $150,000.00 in damages supported by accusations that misrepresentations had been made to the customer about a life insurance policy. The customer was reportedly led to believe that he would not be required to pay surrender penalties in the liquidation of the policy, and that the cash value of the policy would accrue at a faster rate.
Then, on February 16, 2016, a customer initiated investment related complaint concerning Seeholzer’s conduct was settled for $35,000.00 in damages based upon allegations that an unsuitable option transaction had been placed in the customer’s advisory account, and that the customer’s account had been negligently serviced. Subsequently, a customer filed an investment related arbitration claim involving Seeholzer’s conduct where the customer sought $382,750.00 in damages founded on accusations that omissions had been made to the customer concerning the risks pertaining to an investment strategy; that losses in the customer’s account were unwarranted; and that the investment strategy, which including the trading of options, was not suitable for the customer. FINRA Arbitration No. 15-03207 (Nov. 23, 2015).
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