The Financial Industry Regulatory Authority (FINRA) licenses and regulates the stock brokerage industry. It requires stock brokerage firms and their stock brokers to be qualified, registered, and approved by the agency before they may offer and sell securities to the public. FINRA also requires its registrants to immediately report regulatory events, such as suspensions, fines, and customer complaints, against the firm and broker. FINRA maintains a database of investor complaints and disciplinary and employment history for registered representatives and publishes some of this information on its BrokerCheck website, www.brokercheck.finra.org. The FINRA BrokerCheck is purportedly useful for predicting future broker misconduct. Unfortunately, not all customer complaints are accurately or completely reported on the website. We are seeking investors with information about Allegis Investment Services LLC broker Brandon Stimpson to determine whether the reported information on the FINRA broker check website is accurate and complete.
FINRA reports that Mr. Stimpson has been registered in the securities industry since 2000. Over the years, he has been registered with five (5) brokerage firms: Jefferson Pilot Securities Corporation, Equity Services Inc., Insphere Securities Inc., Signator Financial Services Inc. and most recently Allegis Investment Services. During that period, the FINRA Broker Check Report indicates that Mr. Stimpson has been the subject of seven (7) Customer Disputes, five (5) of which were reportedly pending as of August 24, 2016.
One Customer Dispute relating to a trade outside the investment strategy was recently settled. Another customer dispute was rejected by the brokerage firm and supposedly no further action was taken by the customer. There is one pending arbitration reportedly filed against Mr. Stimpson for allegedly failing to follow an investment strategy, and four other customer complaints that are supposedly filed in connection with his employment at Allegis Investment Services but still under review. We believe that Mr. Stimpson's employers may have not accurately or completely reported all of the Customer Disputes involving him and request that all investors with complaints against Mr. Stimpson contact our office immediately.
The most important of investors' rights is the right to be informed! We intend to notify FINRA of any and all unreported or inaccurate customer complaints against this firm and/or broker. This blog post is by the Law Offices of Robert Wayne Pearce, P.A., located in Boca Raton, Florida. For over 35 years, Attorney Pearce has tried, arbitrated, and mediated hundreds of disputes involving complex securities, commodities and investment law issues. The lawyers at our law firm are devoted to protecting investors' rights throughout the United States and internationally! Please visit our website, www.secatty.com, post a comment, call (800) 732-2889, or email Mr. Pearce at firstname.lastname@example.org for answers to any of your questions about this blog post and/or any related matter.