Christopher Coffey Involved In Allstate Investor Disputes About Variable Annuities

Investors might have sustained losses due to securities broker Christopher Steven Coffey [CRD: 6850994, Johnson City, Tennessee], according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Christopher Coffey worked for Allstate Financial Services LLC from November 25, 2019, to December 15, 2023, and for NYLIFE Securities LLC from April 10, 2018, to December 9, 2019. Here’s an overview of Christopher Coffey’s disclosures.

Allstate Financial Services LLC Investor Accused Coffey Of Misrepresentation

Specifically, a client filed a complaint about Christopher Coffey. Mainly, the client alleged that Coffey did not provide the signature on her IRA variable annuity account documents. Additionally, the client alleged that Coffey misinformed her about penalties incurred from terminating an annuity. As a result, on May 3, 2024, Allstate Financial Services LLC settled this matter by paying the client $27,788 in damages.

Christopher Coffey Disclosed Allegations By Allstate Financial Services LLC Client

Particularly, a client of Allstate Financial Services LLC contested Christopher Coffey’s sales practices, according to a complaint. Allegedly, Coffey did not provide the signature on annuity withdrawal or distribution requests in 2022. Because of this, Allstate Financial Services LLC opted to settle the matter on January 16, 2024, by compensating the client in the amount of $8,043.55.

Investor Accused Coffey Of Misrepresentation

Also, a client filed a complaint about Christopher Coffey. Supposedly, Coffey made misrepresentations. Because of this, the client allegedly sustained damages on mutual funds. For this reason, on June 7, 2022, Allstate Financial Services LLC settled this matter by paying the client $23,347.34 in damages.

Christopher Coffey Disclosed Misrepresentation Allegations By Allstate Financial Services LLC Client

Evidently, a client of Allstate Financial Services LLC contested Christopher Coffey’s sales practices, according to a complaint dated October 26, 2023. Allegedly, Coffey made misrepresentations concerning variable annuity riders. Therefore, the client sought damages from Allstate Financial Services LLC or Coffey. However, the customer closed this dispute without taking further action.

Allstate Financial Services LLC Terminated Coffey’s Registration

Particularly, on December 15, 2023, Allstate Financial Services LLC disaffiliated from Coffey. Evidently, Allstate Financial Services LLC alleged that Coffey submitted variable annuity withdrawal forms containing unauthentic client signatures.

Did You Sustain Losses Because Of Securities Broker Christopher Coffey?

Did you experience losses because of Christopher Coffey? If you have, get in touch with Soreide Law Group online or at (888) 760-6552 and talk to a securities attorney about a possible recovery of your investment losses. Soreide Law Group has obtained recoveries for many investors throughout the United States, works on a contingency fee basis, and advances all costs. Coffey and brokerage firms Coffey worked for deny accusations of sales practice violations.