DID THERESA ALLEN CAUSE YOU INVESTMENT LOSSES?
Theresa Allen Of RBC Capital Markets, LLC Has 6 Customer Complaints For Alleged Broker Misconduct
About Theresa Allen of RBC Capital Markets, LLC?
Theresa Allen (CRD #2183693) is an experienced broker registered in the securities industry since 1992. She has worked with several prominent firms throughout her career, including her current registration with RBC Capital Markets, LLC since April 24, 2023. Over the years, she has passed three general industry/product exams, including the Securities Industry Essentials exam, the Series 7, and the Series 6 exams, and one multi-state securities law exam. Allen is currently registered with 22 self-regulatory organizations and holds licenses in 26 U.S. states and territories. Her previous employment includes notable tenures with First Republic Investment Management, Inc., and UnionBanc Investment Services, LLC, where she held various roles such as Wealth Manager and Investment Consultant.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Theresa Allen Customer Complaints and Reviews
Theresa Allen has a total of six customer disputes reported. The following summarizes the key incidents:
- Dispute 1 Settled: May 28, 2024, with a monetary compensation of $750,000
- Allegations: Unsuitable investment recommendations regarding equity listed stocks from 2018 to May 2023.
- Dispute 2 Settled: July 19, 2024, for $212,500
- Allegations: Unsuitable investment recommendations from 2017 to April 2023 involving equity listed stocks.
- Dispute 3 Pending:
- Date Served: April 11, 2024
- Allegations: Unsuitable investment recommendations and unauthorized trading from November 2019 to July 2021.
- Claimed Damages: $1,750,000.
- Dispute 4 Pending:
- Date Served: August 24, 2023
- Allegations: Clients alleged unsuitable investments in First Republic Bank preferred stock, with claimed damages of $691,000.
Allegations Against Theresa Allen
Theresa Allen faces several allegations from customer disputes, primarily focused on unsuitable investment recommendations and unauthorized trading. Key accusations include:
- Unsuitable Investment Recommendations: Multiple customers alleged that Allen recommended unsuitable investments in equity listed stocks, particularly involving First Republic Bank preferred stock. These allegations span from 2017 through 2023, with several cases resulting in settlements.
- Unauthorized Trading: One pending arbitration case involves accusations of unauthorized trading between 2019 and 2021, with alleged damages of $1,750,000.
Theresa Allen Red Flags & Your Rights As An Investor
Of course, Theresa Allen 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 Theresa Allen at RBC Capital Markets, LLC on alert to review carefully the activity and performance of their accounts and question whether Theresa Allen has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at RBC Capital Markets, 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 RBC Capital Markets, LLC Due To Theresa Allen
If you have questions about RBC Capital Markets, LLC and/or Theresa Allen 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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