| Read Time: 2 minutes | Allstate Financial Services Complaints |

DID DAVID LEE REYNOLDS CAUSE YOU INVESTMENT LOSSES?

David Reynolds Formerly With Allstate Financial Services, LLC And Princor Financial Services Has 3 Customer Complaints For Alleged Broker Misconduct

Who is David Reynolds formerly with Allstate Financial Services, LLC?

David Reynolds (CRD #4685302) who was formerly registered with Allstate Financial Services, LLC and located in Modesto, California is a subject of one of our many securities industry sales practice abuse investigations. Prior to Allstate Financial Services, David Reynolds was associated with Princor Financial Services and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

David Reynolds has had his own problems with the regulators. In November 2017, he was permanently barred from association with any FINRA member firm in any capacity for allegedly failing to produce FINRA requested documents and information in connection with its review of allegations that he had misappropriated customer funds.

David Reynolds Customer Complaints

David Reynolds has been the subject of 3 customer complaints that we know about. Two of David Reynolds’ 3 customer complaints were settled in favor of investors. There is currently one pending customer complaint filed against David Reynolds’ former employer Princor Financial Services for investment losses caused by the alleged misconduct. 

Allegations Against David Reynolds

A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:

  • Client alleges David Reynolds fraudulently took $38,000 for investment, along with breakpoint violations, churning, unsuitable investments and elder abuse.
  • Customer alleges that David Reynolds gave representative money to invest and the representative has not returned his monies.
  • Customer alleges that she gave David Reynolds money to invest and David Reynolds has not returned her monies.

David Reynolds Red Flags & Your Rights As An Investor

Of course, David Reynolds did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of David Reynolds at Allstate Financial Services, LLC and Princor Financial Services on alert to review carefully the activity and performance of their accounts and question whether David Reynolds has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Allstate Financial Services, LLC and Princor Financial Services also raises questions about the brokerage firms’ supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.

File A Claim To Recover Your Investment Losses At Allstate Financial Services, LLC Due To David Reynolds

If you have questions about Allstate Financial Services, LLC, Princor Financial Services, and/or David Reynolds and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.

Author Photo

Robert Wayne Pearce

Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $170 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.

Rate this Post

1 Star2 Stars3 Stars4 Stars5 Stars
Loading...