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  • Attorneys David Meyer and Matthew Wilson have been selected to the list of Super Lawyers since 2011 and 2015 respectively.

  • Attorney David Meyer is a member of the Million Dollar Advocates Forum, an organization recognizing attorneys who have secured million dollar cases.

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  • Attorney David Meyerhas been selected to the list of the Best Lawyers in America® for Mass Tort Litigation / Class Actions – Plaintiffs and Professional Malpractice Law – Plaintiffs every year since 2011.

  • Attorney David Meyer was selected as the 2015 Lawyer of the Year for Professional Malpractice Law – Plaintiffs for Columbus, OH by Best Lawyers®.

  • Meyer Wilson was ranked as a Tier 1 Best Law Firm for both Mass Tort Litigation / Class Actions – Plaintiffs and Professional Malpractice Law – Plaintiffs by U.S. News.

Investment Loss Claims Against Allstate Financial Services, LLC

Recover Your Losses with Our Investment Fraud Attorneys

Allstate Corporation is an insurance company, and the largest publicly held insurer in the United States. Allstate provides personal lines property and casualty insurance to millions of Americans throughout the country. Allstate Financial Services, LLC is a subsidiary of Allstate Insurance Co. It was founded in 1999 and offers mutual fund services by way of stocks, bonds and cash instruments. If you invested your money with an Allstate Personal Financial Representative (broker) and they or Allstate Corporation caused you to suffer significant financial losses, an investment fraud lawyer at Meyer Wilson could provide you with the representation you need to recover those losses.

How Allstate Financial Services Works

Under the umbrella of Allstate Insurance Co., Allstate Financial Services partners with mutual fund companies to provide their customers with a variety of different mutual funds in four general categories: money market funds, bond funds, stock funds and target date funds. Allstate Financial Services also offers financial service products such as life annuities, retirement and college savings programs. This broker-dealer firm is a member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC). Allstate Financial Services is headquartered in Lincoln, Nebraska and has more than 10,000 employees nationwide.

Allstate Financial Services Investment Misconduct

Meyer Wilson is prepared to take action on your behalf against Allstate Financial Services, LLP for any misconduct that resulted in significant financial losses. According to FINRA reports, Allstate and its brokers have been the subject of some controversy in the past. In 2004, Allstate was one of 29 investment firms fined for late reporting. According to reports, the firm had a 44 percent failure rate due to 130 late disclosures. These late disclosures included information Allstate did not report about its brokers such as customer complaints, regulatory actions and criminal charges. Investors have a right to know this information about their brokers, so Allstate was fined for failure to disclose.

In 2003, Allstate Financial Services representative Neil W. Brooks was barred from the securities industry for conducting a fraudulent hedge fund offering. The alleged hedge fund fraud took place for a three-month time span in 2002. The hedge fund fraud in this case came in the form of selling securities such as limited partnership interests as well as promissory notes. To sell these securities, the NASD alleged that Mr. Brooks provided false and misleading information to his clients. When brokers and investment firms violate investment and securities laws and investors suffer financially, Meyer Wilson can step in and fight to recover those losses.

Meyer Wilson Securities Fraud Lawyers Can Help

Allstate Financial Services, LLP does not have the extremely checkered history that some investment firms such as Merrill Lynch has, but any broker-dealer firm has the potential for misconduct.

These investment fraud practices and more can cause investors to suffer thousands of dollars in losses:

If you or someone you know has been harmed by the misconduct of Allstate Financial Services or one of its brokers, please contact an investment fraud attorney at Meyer Wilson today. We will provide you with an evaluation of your case and the best legal recourse.

Need More Information?

Investment misconduct can be complex and confusing. That’s why we’re here to help you. Visit our Common Questions page to find in depth answers directly from our attorneys. Get More Answers
Have You Been a Victim of Investment Fraud?

You trusted your financial advisor with your money, but now you're left wondering what went wrong. If you or a loved one suffered losses because of investment misconduct, Meyer Wilson can step in and fight to recover your losses. The team of investment fraud lawyers at the firm has been helping people like you since 1999 by winning judgments, settlements and verdicts worth hundreds of millions of dollars against brokerage firms, financial advisors and banks.

Get Help With Your Case Now

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