David Reynolds – David Lee Reynolds, Barred from Securities Industry, Discharged from Allstate Financial Services, LLC – Goodman & Nekvasil P.A., May Recover Investor Losses
David Reynolds was licensed with Princor Financial Services Corporation from 2008 until 2015. David Reynolds was subsequently licensed with Allstate Financial Services, LLC from 2016 until 2017. David Reynolds was discharged from Allstate Financial Services, LLC on October 18, 2017. Allstate Financial Services, LLC reported to FINRA that David Reynolds submitted resignation during, and failed to respond to, Firm’s investigation of misappropriation of prior-broker-dealer customer funds while David Reynolds was affiliated with the prior broker-dealer.
David Reynolds was barred from the securities and investment banking industry on November 29, 2017. FINRA reports that David Reynolds consented to the sanction and to the entry of findings that David Reynolds refused to produce FINRA-requested documents and information in connection with its review of allegations that David Reynolds misappropriated customers funds reported on an amended Form U5 by David Reynolds’ former member firm.
If you lost any money on investments with David Reynolds, you may be able to recover your losses from Allstate Financial Services, LLC and/or Princor Financial Services Corporation. This is because Allstate Financial Services, LLC and Princor Financial Services Corporation had a duty to supervise David Reynolds.
If you lost money on investments with David Reynolds and believe the investments may have been unsuitable or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action against Allstate Financial Services, LLC and/or Princor Financial Services Corporation concerning David Reynolds’ conduct. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.
Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. Goodman & Nekvasil, P.A. has recovered more than $180 million on behalf of victimized investors. If you lost money on investments with David Reynolds and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.