DID ROBERT ELIAS SORENSEN CAUSE YOU INVESTMENT LOSSES?
Robert Sorensen Of Allstate Financial Services, Allstate Financial Advisors And Formerly With Stifel Nicolaus & Company And VALIC Financial Advisors Has A Customer Complaint For Alleged Broker Misconduct
Who is Robert Sorensen of Allstate Financial Services?
Robert Sorensen (CRD #5910732) who is currently registered with Allstate Financial Services,Allstate Financial Advisors and located in Chico, California is a subject of one of our many securities industry sales practice abuse investigations. Prior to Allstate Financial Services and Allstate Financial Advisors, Robert Sorensen was associated with Stifel Nicolaus & Company, VALIC Financial Advisors and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.
Robert Sorensen Customer Complaint
Robert Sorensen has been the subject of at least one customer complaint that we know about, which was filed in the last year to recover investment losses. The allegations made in the FINRA reported customer complaint for investment losses were that representative, Robert Sorensen provided her with inaccurate information regarding the liquidation of assets from her Individual brokerage account to an American Funds mutual fund account. Specifically, she stated the representative told her there would be no tax consequences as a result of the liquidation and transfer. In addition, customer stated she was not informed that she would be assessed a sales load on the purchase of the new mutual funds. Robert Sorensen’s customer complaint was settled in favor of the investors.
Robert Sorensen Red Flags & Your Rights As An Investor
Of course, Robert Sorensen 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 Robert Sorensen at Allstate Financial Services,Allstate Financial Advisors, Stifel Nicolaus & Company, and VALIC Financial Advisors on alert to review carefully the activity and performance of their accounts and question whether Robert Sorensen has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Allstate Financial Services,Allstate Financial Advisors, Stifel Nicolaus & Company, and VALIC Financial Advisors also raises questions about the brokerage firm’s 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 Due To Robert Sorensen
If you have questions about Allstate Financial Services,Allstate Financial Advisors, Stifel Nicolaus & Company, VALIC Financial Advisors, and/or Robert Sorensen 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.