Allstate Financial Services Tag Archives

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.

Broker Ryan Lansford in Allstate Financial Services, LLC Firm Has Customer Complaint

November 5, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Ryan Lansford (Lansford), currently associated with Allstate Financial Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Lansford 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 October 06, 2022.

Customer claims the RR made a poor recommendation to liquidate his variable annuity resulting in tax consequences that he did not fully anticipate due to receiving inaccurate cost basis information. The liquidation of the variable annuity was processed as of 12/4/2021.

There are Recent Customer Complaints with Broker Noe Lumbreras in Firm Allstate Financial Services, LLC

November 5, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Noe Lumbreras (Lumbreras), currently associated with Allstate Financial Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Lumbreras 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 $13,500.00 on October 10, 2022.

Customer’s alleged the RR incorrectly advised that there would be no sales charges at the time they redeemed their A shares that were previously purchased at NAV.

There are Recent Customer Complaints with Broker Christopher Coffey in Firm Allstate Financial Services, LLC

October 16, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Christopher Coffey (Coffey), previously associated with Allstate Financial Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Coffey 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 $125,000.00 on March 27, 2025.

Claimant, age 64, alleges that Respondent and its Financial Advisor, Christopher Coffey, engaged in misconduct resulting in significant financial harm. In 2020, Coffey advised Claimant to liquidate an Athene annuity rather than execute a tax-deferred rollover. This recommendation triggered a taxable event of nearly $80,000 and a withdrawal penalty of approximately $47,000. Coffey allegedly assured Claimant that his investment strategies would offset these losses, a promise Claimant asserts was unrealistic given Coffey’s limited experience.\, \, Claimant alleges continued misconduct by Financial Advisor Christopher Coffey, including unauthorized communications and forged signatures on annuity applications in 2023, despite explicit instructions not to invest in annuities. The annuity provider ultimately reversed the transactions and waived penalties. Coffey was terminated by Respondent and sanctioned by FINRA. However, Claimant asserts that these actions do not remedy the approximately $125,000 in damages stemming from the original Athene annuity liquidation. The claim includes allegations of breach of fiduciary duty, negligence, breach of contract, fraud, misrepresentation, failure to supervise, negligent hiring, unsuitable investment recommendations, and violations of FINRA conduct rules.

There are Recent Customer Complaints with Broker Gina Kidd in Firm Allstate Financial Services, LLC

October 4, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Gina Kidd (Kidd), previously associated with Allstate Financial Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Kidd 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 $100,000.00 on November 03, 2022.

Customer alleges that she has been wronged by this policy which is not a valid contract due to the way it was sold to her by the representative and an individual (Michael Benjamin Burns) that was not properly registered to sell the policy. Customer states she was told she could increase the value of her existing policy (a fixed universal life policy) very easily and continue to pay the very same amount each month on a new variable universal life policy with zero increase in cost.

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

August 11, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on November 27, 2023.

Claimants allege the Individual account that was set up for their mother in June 2022 through Allstate Financial Services, LLC was not set up properly as they were not named as beneficiaries like they were on the account held at the previous firm, prior to a transfer. Claimants also allege investments were unsuitable and claim misrepresentation (omission of material facts – omitting beneficiaries).

Broker Neil Barney in Allstate Financial Services, LLC Firm Has Customer Complaint

April 25, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Neil Barney (Barney), currently associated with Allstate Financial Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Barney 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 $200,000.00 on June 26, 2024.

The representative recommended that she complete a partial transfer of company stock she held in her Company’s Profit Sharing Plan to an IRA brokerage account in 2021. However, the representative was unaware of the Net Unrealized Appreciation rule of the Internal Revenue Code. Because she made a partial transfer of the company stock from her PSP in 2021, and lost the advantages of the NUA rule, she missed out on tax advantages of over $200,000.

There are Recent Customer Complaints with Broker Cody Coffey in Firm Allstate Financial Services, LLC

April 9, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on August 05, 2024.

Misuse of client funds.