Erez Law is currently investigating RBC Capital Markets, LLC broker Theresa Allen (CRD# 2183693), who is accused of unsuitable and unauthorized investments. She has been registered with RBC Capital Markets, LLC in Newport Beach, California, since 2023. Previously, he was registered with First Republic Investment Management, Inc. and First Republic Securities Company, LLC in Newport Beach, California, from 2010 to 2023.
Theresa Allen Customer Complaints
She has been the subject of three customer complaints in 2023, according to her CRD report:
August 2023. “Clients allege, inter alia, that the registered representative recommended unsuitable investments in First Republic Bank preferred stock.” The customer is seeking $691,000 in damages and the case is currently pending. The complaint was regarding common and preferred stocks, and it took place while he was registered with First Republic Securities Company, LLC.
August 2023. “The client alleged the advisor took unauthorized actions in July 2023 related to First Republic Bank preferred security shares that had been originally purchased in June 2018 and November 2021.” The customer is seeking $1,070,000 in damages, and the case is currently pending. The complaint was regarding common and preferred stocks, and it took place while he was registered with RBC Capital Markets, LLC.
April 2023. “Clients allege, inter alia, that the registered representative recommended unsuitable investments in First Republic Bank preferred stock.” The customer is seeking $300,000 in damages, and the case is currently pending. The complaint was regarding equity OTC, and it took place while he was registered with RBC Capital Markets, LLC.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, RBC Capital Markets, LLC may be liable for investment or other losses suffered by Theresa Allen’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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