According to a recent Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA), David Ladin, a former broker with Allstate Financial Services, allegedly borrowed $12,000 from a customer. Ladin failed to notify Allstate of the loan or obtain approval. He then engaged in an outside business activity without providing notice to Allstate. These are against securities laws. A broker is not allowed to borrow customer money without the knowledge of his firm, and a broker must not engage in outside business activity without giving notice. Because Allstate did not properly supervise Ladin and allowed him to transgress, the firm may be liable for money losses. Please call our Chicago-based securities law firm today to find out how you may be able to recover your losses on a contingency fee basis. The call to us is free with no obligation. Attorneys are standing by. 312–332–4200.
Ladin was registered with Brookshire Securities Corp, JB Oxford & Company, Quick & Reilly, Banc of America, Allstate Financial Services in Fort Lauderdale, Florida from November 2007 until January 2014 and Cuna Brokerage Services in Pembroke Pines, Florida from January 2014 until September 2015. He has one customer dispute against him and is currently not registered within the industry, according to his online, FINRA BrokerCheck report.
Disclaimer
The posting on this site are mere OPINIONS and NOT statements of fact in any way whatsoever. The information should not be relied upon and there have been no findings made against the firms or individuals referenced on this site. In addition, this Blog is made available for educational purposes only and incorporates information from the web as well as to give you general information and a general understanding of the law, not to provide specific legal advice. By using this blog site you understand that there is no attorney client relationship between you and Stoltmann Law Offices (161 N Clark Street 16th Floor Chicago, IL 60601). The Blog opinions should not be used as a substitute for competent legal advice from a licensed professional attorney in your state.
PLEASE NOTE THIS IS ADVERTISING AND IT IS NOT A NEWSPAPER ARTICLE OR POST FROM AN INDEPENDENT OR NON-BIASED, NEWS SITE, NEWS SOURCE OR NEWSPAPER.
