Allegis Investment Services Tag Archives

There are Recent Customer Complaints with Broker Heath Bowen in Firm Allegis Investment Services, LLC

October 2, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Heath Bowen (Bowen), previously associated with Allegis Investment Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Bowen 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 $10,500,000.00 on November 23, 2022.

Bowen was named in a customer complaint that asserted the following causes of action: Utah Uniform Securities Act, Utah Code\\u00a7 61-1-22; failed to establish reasonable supervisory procedures and reasonably supervise; unsuitable transactions; Lack of Supervision; Breach of Fiduciary Duty; Negligent Failure to Supervise; and Negligence Per Se.

Brandon Stimpson Subject to Multiple Customer Complaints Over Put Options Trading

November 24, 2018 | by Staff Attorney

According to BrokerCheck records former financial advisor Brandon Stimpson (Stimpson), formerly employed by Allegis Investment Services, LLC (Allegis Investment) has been subject to at least eight customer complaints. According to records kept by The Financial Industry Regulatory Authority (FINRA), many of the complaints against Stimpson concern allegations of unsuitable investments in a put options trading strategy.

In December 2017 Stimpson was terminated by Allegis Investment after the firm claimed that Stimpson failed to follow firm policies and code of ethics. Prior to his termination, Stimpson was subject to multiple complaints.

In October 2017 a customer complained that Stimpson engaged in unsuitable investments in an options strategy that was active in the account was unsuitable and a trade in Aug 2015 caused the account losses. The customer alleged $300,000 in damages and the claim is currently pending.

In June 2016 a customer complained that Stimpson engaged in unsuitable investments in an options strategy and a trade in Aug 2015 caused the account losses. The customer alleged $400,000 in damages and the claim is currently pending.

Broker Charles Sorensen Receives Customer Complaints Over Unsuitable Trades

January 27, 2017 | by Staff Attorney

Our securities fraud attorneys are investigating customer complaints filed with The Financial Industry Regulatory Authority (FINRA) against Charles Sorensen (Sorensen) currently associated with Allegis Investment Services, LLC (Allegis Investment), d/b/a Soresnsen Financial, Inc., alleging unsuitable investments, unauthorized trading, and misrepresentations among other claims. Some of the complaints involve securities including mutual funds and options. According to brokercheck records Sorensen has been subject to four customer complaints.

In August 2016 a customer brought a complaint against Sorensen alleging that Sorensen made transactions without authorization in or around August 2015. The complaint alleges $100,000 in damages. The complaint is currently pending.

In June 2016 another customer filed a complaint alleging that the options strategy in which the account was invested in August of 2015 was not suitable causing $94,133.36 in damages. The complaint is currently pending.