Securities Lawyers Blog
If you have lost money in your accounts at Allstate Financial Services, LLC, you may be asking whether you can sue your financial advisor or your brokerage firm. The investment loss attorneys at Gana Weinstein LLP help investors answer that question every day. Brokerage firms are responsible for supervising their brokers, and when a firm fails to supervise, misrepresents an investment, or recommends unsuitable investments, the investor can file a FINRA arbitration claim to recover investment losses.
Allstate Financial Services is the broker-dealer arm of Allstate, distributing mutual funds, variable annuities and variable life insurance, equities, corporate and municipal debt, and other investment products through Allstate’s agent network. Formed in Delaware in 1999 as the successor to LSA Securities, the firm is a subsidiary of Allstate Insurance Company and The Allstate Corporation and is headquartered in Lincoln, Nebraska.
Allstate Financial Services, LLC – By the Numbers: