FINRA alleges Buford Stockbroker Improperly Sold Risky, Private Securities

Kenneth Brownlee of AllState Financial Services allegedly convinced clients to invest in a private company without disclosing the sales to his employer, and while he received significant commissions. According to FINRA, when it contacted Mr. Brownlee, he falsely stated that he had not received commissions for these investments, and that his clients had decided to invest in the company on their own. If you suffered losses from an investment that your stockbroker recommended without telling you the potential risks, you may be able to recover your losses through arbitration. Contact the attorneys at Investor Defense Law LLP at no charge to find out whether you have a valid claim. Investor Defense Law LLP is a law firm dedicated to helping investors in California, Georgia, and Washington recover losses caused by stockbrokers, financial advisers, or investment firms. To learn more, contact an investment fraud attorney at 800.487.4660.