Allstate Financial Services Tag Archives

Broker Steven Caparco in Allstate Financial Services, LLC Firm Has Customer Complaint

January 25, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Steven Caparco (Caparco), currently associated with Allstate Financial Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Caparco recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint on September 10, 2021.

Representative informed the customers their would not be any tax consequence upon the liquidation and transfer of assets in their Individual and Joint brokerage accounts. Activity occurred in September 2021.

Broker Brenda Stone in Allstate Financial Services, LLC Firm Has Customer Complaint

January 20, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Brenda Stone (Stone), previously associated with Allstate Financial Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Stone recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $7,000.00 on October 20, 2021.

Customer alleges that representative did not invest her monies into a growth fund after her account was transferred to a new custodian. Customer alleges she has lost between $7,000 and $10,000 in missed earnings as the money remained in a money market fund for the past 19 months. Activity period is April 2020 to present.

Broker Jimmy Nunez in Allstate Financial Services, LLC Firm Has Customer Complaint

January 15, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jimmy Nunez (Nunez), previously associated with Allstate Financial Services, LLC, has at least 2 disclosable events. These events include one customer complaint, one regulatory event, alleging that Nunez recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a final customer complaint on January 28, 2022.

Without admitting or denying the findings, Nunez consented to the sanctions and to the entry of findings that he forged a customer\\u2019s signature and initials on a variable annuity application and related new account documents. The findings stated that Nunez did not obtain the customer\\u2019s permission to sign her name or to initial any documents for her. Nunez also falsified the documents by placing a date on them that was later than the date on which they were signed and initialed. Nunez then submitted the documents to his member firm. By forging and falsifying the documents, Nunez caused his firm\\u2019s books and records to be inaccurate. The findings also stated that when FINRA investigated Nunez\\u2019s conduct, he provided false written statements and testimony in response to requests issued by FINRA. Nunez subsequently recanted his false statements.

There are Recent Customer Complaints with Broker Richard Akel in Firm Allstate Financial Services, LLC

January 4, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Richard Akel (Akel), previously associated with Allstate Financial Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Akel recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint on November 07, 2025.

Allegations of incorrect deposit instructions and unauthorized transactions from 10/17/2024 – 12/3/2024.

There are Recent Customer Complaints with Broker William Fielder in Firm Allstate Financial Services, LLC

December 7, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker William Fielder (Fielder), previously associated with Allstate Financial Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Fielder recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $60,000.00 on February 22, 2022.

Surviving Spouse ([REDACTED]) and Beneficiary of Customer [REDACTED], now deceased, has expressed verbal concerns to current representative after receiving an IRS letter stating taxes and penalties of approximately $60k are due with regard to a NQ Prudential VA purchased 10/2019 with the help of former EFS Rick Fielder. [REDACTED] alleges Mr. Fielder told he and his wife there would be no taxes due regarding a liquidation and sale ($280,000) of stock in 2019 to fund the VA, along with a personal check of $100,000 and has further stated they would have never gone through with the transaction had they known they would be taxed. [REDACTED] has further stated the representative and/or AFS should be liable for the tax bill.

There are Recent Customer Complaints with Broker Jason Jodway in Firm Allstate Financial Services, LLC

December 7, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jason Jodway (Jodway), previously associated with Allstate Financial Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Jodway 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 $100,000.00 on February 24, 2022.

Failure to perform due diligence, breach of fiduciary duty, and otherwise negligent in recommending an investment in an oil and gas private placement: the Explore America Income fund.

There are Recent Customer Complaints with Broker Kennister Daley in Firm Allstate Financial Services, LLC

December 7, 2025 | by Staff Attorney

Currently financial advisor Kennister Daley (Daley), currently employed by brokerage firm Allstate Financial Services, LLC has been subject to at least one disclosable event. These events include one customer complaint. According to a BrokerCheck reports most of the recent customer complaints concern either corporate debt securities or alternative investments such as direct participation products (DPPs) like business development companies (BDCs), non-traded real estate investment trusts (REITs), oil & gas programs, annuities, and private placements. The attorneys at Gana Weinstein LLP have represented hundreds of investors who suffered losses caused by these types of high risk, low reward products.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $100,001.00 on February 22, 2022.

SOC Alleges unsuitability, fraud in offer or sale of securities, misrepresentations and omissions of material facts, breach of contract, common law fraud, breach of fiduciary duty and negligence as it relates to the purchase of a non-traded REIT.

There are Recent Customer Complaints with Broker Danniel Kazi in Firm Allstate Financial Services, LLC

November 30, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Danniel Kazi (Kazi), previously associated with Allstate Financial Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Kazi recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $20,415.00 on April 12, 2022.

Client’s family member alleged that the Representative’s recommended liquidation and subsequent investment with the proceeds were not in the client’s best interest based on the tax implications and the sales load. Following the firm’s review, the extent of the Rep’s disclosure of the taxable consequences was unclear. As a result, the matter was resolved through a settlement with the client for the reimbursement of tax consequence and the sales load. Payment to the client of $20,415 was completed on 7/8/22.

There are Recent Customer Complaints with Broker Joseph Cheddar in Firm Allstate Financial Services, LLC

November 29, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Joseph Cheddar (Cheddar), previously associated with Allstate Financial Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Cheddar recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $303,800.00 on April 21, 2022.

Customer alleges representative’s recommendation to convert his Traditional IRA to a Roth IRA was not sound and has caused financial pain. The poor recommendation caused a large tax liability, a reduction in death benefit in the variable annuity contract, an increase in premiums for Medicare and a loss of social security income.

There are Recent Customer Complaints with Broker Brian Casey in Firm Allstate Financial Services, LLC

November 8, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Brian Casey (Casey), previously associated with Allstate Financial Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Casey recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $6,000.00 on August 17, 2022.

Customer has alleged he instructed registered representative to invest his non-qualified $50,000 in a safe harbor until the market dropped and that the representative did the exact opposite by placing him in a variable annuity. Customer has requested to be made whole and has claimed damages of (market value) loss in contract.