National investment loss lawyers KlaymanToskes is investigating Theresa Allen (CRD# 2183693) of First Republic Securities Company and RBC Capital Markets, in connection with the filing of a customer complaint alleging $300,000 in damages due to unsuitable investment recommendations in First Republic Bank preferred stock.
Investors that suffered losses with Theresa Allen and/or any other advisor at RBC Capital Markets are encouraged to contact attorney Lawrence L. Klayman, Esq., for a free consultation to discuss recovery options at 888-997-9956 or lawrence@klaymantoskes.com. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
According to FINRA BrokerCheck, Theresa Allen has one customer complaint disclosed. The complaint is pending and alleges $300,000 in damages to the customer’s account due to unsuitable investment recommendations in First Republic Bank Preferred Stock.
According to FINRA BrokerCheck, Theresa Allen was previously registered as a broker with First Republic Securities Company, and as an investment advisor with First Republic Investment Management in Newport Beach, CA from 2010 to 2023. Allen is currently registered with RBC Capital Markets in Newport Beach, CA.
SEC Regulation Best Interest, a/k/a “Reg BI” establishes a “best interest” standard of conduct for brokers and brokerage firms making recommendations of securities investments and investment strategies to their customers, under the Securities Exchange Act of 1934.
Investment advisors and their firms have a responsibility to make recommendations with their customer’s best interest in mind, based upon the client’s personal needs and preferences.
Brokers and financial advisors must consider an investment’s risk and ensure that they do not misrepresent (or omit) material facts to their customers. Further, financial professionals and their firms cannot disregard a customer’s risk-tolerance when making suitable investment recommendations.
The violations discussed above each provide a basis for liability in a FINRA arbitration claim. FINRA arbitration is a more cost-effective process for investors, often occurring with increased speed and efficiency over a court proceeding. To learn more about additional securities violations, see our account activity violations page.
KlaymanToskes believes the best solution for First Republic investors seeking to recover investment losses is a FINRA (Financial Industry Regulatory Authority) arbitration claim. Arbitration is generally the most cost-effective, timely, and rewarding course of action for investors seeking to recoup their losses. Learn more about the arbitration process in our recent post, linked here.
Former and current customers of Theresa Allen who sustained losses due to unsuitable investment recommendations are encouraged to contact attorney Lawrence L. Klayman, Esq. at (888) 997-9956 or lawrence@klaymantoskes.com for a free consultation. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
KlaymanToskes is a leading national securities law firm which practices exclusively in the field of securities arbitration on behalf of retail and institutional investors throughout the world in large and complex securities matters. The firm has recovered over $250 million in FINRA arbitrations and over $350 million in other securities litigation matters. KlaymanToskes has office locations in California, Florida, New York, and Puerto Rico.
KlaymanToskes, P.A.
Lawrence L. Klayman, Esq.
888-997-9956
lawrence@klaymantoskes.com
www.klaymantoskes.com