Robert P. Allen (Robert Allen): Financial Advisor/Broker Robert Allen Suspended from Securities Industry | Goodman & Nekvasil, P.A. May Recover Investor Losses
Robert Allen was a formerly licensed financial advisor with Country Capital Management Company. According to Robert Allen’s CRD, Robert Allen was suspended from the securities industry by FINRA for three months and fined $5,000 in December 2019.
According to Allegations on Robert Allen’s BrokerCheck Report:
Robert Allen consented to the sanctions and to the entry of findings that Robert Allen engaged in an outside business activity by marketing and selling insurance products offered by a non-affiliated insurance company without disclosing the outside business activity to Robert Allen’s member firm. The findings stated that Robert Allen’s contract with the insurance affiliates prohibited him from selling insurance products through other, non-affiliated insurance companies. Despite this prohibition, Robert Allen earned approximately $143,000 in commissions. Moreover, Robert Allen submitted multiple attestations to his firm that falsely stated he was not engaged in any other business either as a proprietor, partner, officer, director, employee, trustee, agent or otherwise.
Goodman & Nekvasil P.A. May Recover Investor Losses
If you lost money on investments with Robert Allen 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 concerning Robert Allen’s 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 Robert Allen 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.
Some of the information in this blog post was obtained on 12/26/2019 directly from FINRA BrokerCheck, without any changes. If you believe this information was reported incorrectly, please contact our firm at 1-800-500-4442.
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