Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Brian Colon (Colon), currently associated with Allstate Financial Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Colon recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a pending customer complaint with a damage request of $64,000.00 on December 03, 2024.
Customer submitted concerns representative misled her by stating the contract of the fixed indexed annuity she applied for was being mailed to her, and that she remains in a variable annuity product that has annuitized as a result of the representative’s failure to notify her that the window to make a change had expired. Customer is upset representative did not follow through with fixed indexed annuity application and the funds from the variable annuity did not transfer as customer intended, thus annuitizing. Customer claiming damages of $64,000.
