{"id":4909,"date":"2018-03-07T11:16:40","date_gmt":"2018-03-07T17:16:40","guid":{"rendered":"https:\/\/www.investorlawyers.com\/blog\/?p=4909"},"modified":"2022-04-03T16:07:04","modified_gmt":"2022-04-03T21:07:04","slug":"finra-cases-allegis-investment-adviser-ex-broker-ordered-pay-nearly-405k-former-madison-avenues-securities-broker-accused-1-67m-unauthorized-trading-case-barred-finra-us-senat","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/finra-cases-allegis-investment-adviser-ex-broker-ordered-pay-nearly-405k-former-madison-avenues-securities-broker-accused-1-67m-unauthorized-trading-case-barred-finra-us-senat\/","title":{"rendered":"FINRA Cases: Allegis Investment Adviser and Ex-Broker Ordered to Pay Nearly $405K, Former Madison Avenues Securities Broker Accused in $1.67M Unauthorized Trading Case is Barred by FINRA, and US Senator Elizabeth Warren Introduces Bill To Address Unpaid Arbitration Awards"},"content":{"rendered":"<p>&nbsp;<\/p>\n<h2><strong>FINRA Arbitration Panel Awards Allegis Investment Advisors Client $404,482<\/strong><\/h2>\n<p>A Financial Industry Regulatory Authority arbitration panel has awarded Mark Watson $404,482 in his unauthorized trading case against Allegis Investment Services, Allegis Investment Advisors, and ex-broker Brandon Curt Stimpson. Watson is accusing Stimpson of placing his life savings in investments that were too risky and complex and of making <a href=\"https:\/\/www.stockbroker-fraud.com\" target=\"_blank\" rel=\"noopener noreferrer\">unauthorized trades <\/a>involving index put options connected to the Russell 2000 Index even though he had told the broker that he only wanted up to 25% of his portfolio involved in these. Instead, Watson alleges, Stimpson invested way more of his money in the index put options.<\/p>\n<p>In his <a href=\"https:\/\/www.stockbroker-fraud.com\" target=\"_blank\" rel=\"noopener noreferrer\">securities arbitration case<\/a>, Watson also alleged breach of fiduciary duty. Now, a FINRA panel has awarded him nearly $275K in compensatory damages, nearly $54K in interest, and other costs.<\/p>\n<p>Stimpson was fired by Allegis last year for not abiding by the firm\u2019s ethics code and policies. According to his BrokerCheck records, he has been named in eight other customer disputes.<\/p>\n<p> <a href=\"https:\/\/www.investorlawyers.com\/blog\/finra-cases-allegis-investment-adviser-ex-broker-ordered-pay-nearly-405k-former-madison-avenues-securities-broker-accused-1-67m-unauthorized-trading-case-barred-finra-us-senat\/#more-4909\" class=\"more-link\">Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; FINRA Arbitration Panel Awards Allegis Investment Advisors Client $404,482 A Financial Industry Regulatory Authority arbitration panel has awarded Mark Watson $404,482 in his unauthorized trading case against Allegis Investment Services, Allegis Investment Advisors, and ex-broker Brandon Curt Stimpson. Watson is accusing Stimpson of placing his life savings in investments that were too risky and [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3798,3773,3774,3739,4083],"tags":[2533,3009],"class_list":["post-4909","post","type-post","status-publish","format-standard","hentry","category-arbitration","category-broker-fraud","category-broker-dealers","category-finra","category-madison-avenue","tag-finra","tag-unauthorized-trading"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>FINRA Cases: Allegis Investment Adviser and Ex-Broker Ordered to Pay Nearly $405K, Former Madison Avenues Securities Broker Accused in $1.67M Unauthorized Trading Case is Barred by FINRA, and US Senator Elizabeth Warren Introduces Bill To Address Unpaid Arbitration Awards | SSEK Law Firm Blog<\/title>\n<meta name=\"description\" content=\"A Financial Industry Regulatory Authority arbitration panel has awarded Mark Watson $404,482 in his unauthorized trading case against Allegis Investment Services, Allegis Investment Advisors, and ex-broker Brandon Curt Stimpson. Read more cases.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/finra-cases-allegis-investment-adviser-ex-broker-ordered-pay-nearly-405k-former-madison-avenues-securities-broker-accused-1-67m-unauthorized-trading-case-barred-finra-us-senat\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"FINRA Cases: Allegis Investment Adviser and Ex-Broker Ordered to Pay Nearly $405K, Former Madison Avenues Securities Broker Accused in $1.67M Unauthorized Trading Case is Barred by FINRA, and US Senator Elizabeth Warren Introduces Bill To Address Unpaid Arbitration Awards | SSEK Law Firm Blog\" \/>\n<meta name=\"twitter:description\" content=\"A Financial Industry Regulatory Authority arbitration panel has awarded Mark Watson $404,482 in his unauthorized trading case against Allegis Investment Services, Allegis Investment Advisors, and ex-broker Brandon Curt Stimpson. Read more cases.\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"FINRA Cases: Allegis Investment Adviser and Ex-Broker Ordered to Pay Nearly $405K, Former Madison Avenues Securities Broker Accused in $1.67M Unauthorized Trading Case is Barred by FINRA, and US Senator Elizabeth Warren Introduces Bill To Address Unpaid Arbitration Awards | SSEK Law Firm Blog","description":"A Financial Industry Regulatory Authority arbitration panel has awarded Mark Watson $404,482 in his unauthorized trading case against Allegis Investment Services, Allegis Investment Advisors, and ex-broker Brandon Curt Stimpson. Read more cases.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.investorlawyers.com\/blog\/finra-cases-allegis-investment-adviser-ex-broker-ordered-pay-nearly-405k-former-madison-avenues-securities-broker-accused-1-67m-unauthorized-trading-case-barred-finra-us-senat\/","twitter_card":"summary_large_image","twitter_title":"FINRA Cases: Allegis Investment Adviser and Ex-Broker Ordered to Pay Nearly $405K, Former Madison Avenues Securities Broker Accused in $1.67M Unauthorized Trading Case is Barred by FINRA, and US Senator Elizabeth Warren Introduces Bill To Address Unpaid Arbitration Awards | SSEK Law Firm Blog","twitter_description":"A Financial Industry Regulatory Authority arbitration panel has awarded Mark Watson $404,482 in his unauthorized trading case against Allegis Investment Services, Allegis Investment Advisors, and ex-broker Brandon Curt Stimpson. Read more cases.","twitter_misc":{"Written by":"Shepherd Smith Edwards &amp; Kantas, LLP","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/finra-cases-allegis-investment-adviser-ex-broker-ordered-pay-nearly-405k-former-madison-avenues-securities-broker-accused-1-67m-unauthorized-trading-case-barred-finra-us-senat\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/finra-cases-allegis-investment-adviser-ex-broker-ordered-pay-nearly-405k-former-madison-avenues-securities-broker-accused-1-67m-unauthorized-trading-case-barred-finra-us-senat\/"},"author":{"name":"Shepherd Smith Edwards &amp; Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"FINRA Cases: Allegis Investment Adviser and Ex-Broker Ordered to Pay Nearly $405K, Former Madison Avenues Securities Broker Accused in $1.67M Unauthorized Trading Case is Barred by FINRA, and US Senator Elizabeth Warren Introduces Bill To Address Unpaid Arbitration Awards","datePublished":"2018-03-07T17:16:40+00:00","dateModified":"2022-04-03T21:07:04+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/finra-cases-allegis-investment-adviser-ex-broker-ordered-pay-nearly-405k-former-madison-avenues-securities-broker-accused-1-67m-unauthorized-trading-case-barred-finra-us-senat\/"},"wordCount":674,"keywords":["FINRA","unauthorized trading"],"articleSection":["Arbitration","Broker Fraud","Broker-Dealers","FINRA","Madison Avenue"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/finra-cases-allegis-investment-adviser-ex-broker-ordered-pay-nearly-405k-former-madison-avenues-securities-broker-accused-1-67m-unauthorized-trading-case-barred-finra-us-senat\/","url":"https:\/\/www.investorlawyers.com\/blog\/finra-cases-allegis-investment-adviser-ex-broker-ordered-pay-nearly-405k-former-madison-avenues-securities-broker-accused-1-67m-unauthorized-trading-case-barred-finra-us-senat\/","name":"FINRA Cases: Allegis Investment Adviser and Ex-Broker Ordered to Pay Nearly $405K, Former Madison Avenues Securities Broker Accused in $1.67M Unauthorized Trading Case is Barred by FINRA, and US Senator Elizabeth Warren Introduces Bill To Address Unpaid Arbitration Awards | SSEK Law Firm Blog","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#website"},"datePublished":"2018-03-07T17:16:40+00:00","dateModified":"2022-04-03T21:07:04+00:00","author":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"description":"A Financial Industry Regulatory Authority arbitration panel has awarded Mark Watson $404,482 in his unauthorized trading case against Allegis Investment Services, Allegis Investment Advisors, and ex-broker Brandon Curt Stimpson. 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