DID STEVEN MARK RISKIN CAUSE YOU INVESTMENT LOSSES?
About Steven Riskin of Allstate Financial Services, LLC?
Steven Riskin (CRD #6482585) is a registered securities broker with Allstate Financial Services, LLC since February 23, 2017. He was previously employed by Northwestern Mutual Investment Services, LLC, from June 2015 to January 2017. He is currently licensed in six U.S. states and registered with one self-regulatory organization. Riskin has passed four industry exams, including the General Securities Representative Examination, the Investment Company Products/Variable Contracts Representative Examination, and the Uniform Securities Agent State Law Examination.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Steven Riskin Customer Complaints and Reviews
Riskin has one pending customer dispute as follows:
- Customer Dispute Filed September 16, 2024
- Complaint: The customer claims that the income from an annuity product was misrepresented, alleging a “bait and switch” where the income amount did not meet the quoted figure from two years prior.
- Damages: $8,000.
- Status: The complaint is pending resolution and has not progressed to arbitration or civil litigation.
Allegations Against Steven Riskin
- Misrepresentation Allegations:
- Nature of Complaint: The client alleges that Mr. Riskin misrepresented the expected income from a variable annuity, leading to an outcome that fell short of the quoted projections.
- Bait and Switch Accusation: The complaint specifies dissatisfaction with perceived “bait and switch” tactics, suggesting that the product’s income potential may have been overstated.
- Status: This dispute is currently unresolved and is pending further review. The client seeks compensatory damages totaling $8,000, indicating moderate financial dissatisfaction with the investment outcome.
Steven Riskin Red Flags & Your Rights As An Investor
Of course, Steven Riskin did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Steven Riskin at Allstate Financial Services, LLC on alert to review carefully the activity and performance of their accounts and question whether Steven Riskin has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Allstate Financial Services LLC also raises questions about the brokerage firm’s supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At Allstate Financial Services, LLC Due To Steven Riskin
If you have questions about Allstate Financial Services, LLC and/or Steven Riskin and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.
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