Israels & Neuman Investigates BRANDON STIMPSON of ALLEGIS INVESTMENT
Israels & Neuman, PLC Investigates Brandon Stimpson, Formerly of Allegis Investment Services
Have you lost money with financial advisor Brandon Curt Stimpson (CRD# 4299623), formerly of Allegis Investment Services in North Logan, Utah? We are investigating allegations of former customers related to Brandon Stimpson. Brandon Stimpson and his former brokerage firm, Allegis Investment Services, as well as affiliated firm Allegis Investment Advisors, were the subject of a complaint filed in FINRA arbitration.
The customers alleged that Brandon Stimpson recommended that they invested in index put options linked to the Russell 2000 index. The customers alleged that these investment recommendations were unsuitable. An arbitration panel in Salt Lake City, Utah awarded the customers $270,000 in compensatory damages; $53,000 in interest; $60,000 in attorneys’ fees; and $20,000 in costs.
Brandon Stimpson was a registered representative of Allegis Investment Services from May 2014 to December 2017. He also worked with Signator Financial Services from December 2010 to May 2014. He has worked at a branch office in North Logan, Utah. Stimpson has at least eight customer complaints on his BrokerCheck report, many of which complain about options trading. Stimpson kalso operated companies called Summit Group Financial and Brandon Stimpson, Inc.
Brokerage firms like Allegis Investment Services have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado and Seattle, Washington. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in Utah and the greater Salt Lake City area. Our attorney previously represented numerous victims of the Dee Randall scheme. Our attorneys have represented over one thousand investors against many brokerage firms in the past.
Click to view: Stimpson, Brandon BrokerCheck 3.22.18
Click to view: Stimpson, Brandon Arbitration Award
If you lost money with Brandon Stimpson or Allegis Investment Services, please Contact Us at 720-599-3505 or 206-795-5798 for a free evaluation of your Stimpson.
Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency. Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency. All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact. This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice. Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis. In contingent representation, clients may still be liable for costs.
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