Jimmy Nunez Suspended, Involved In Allstate Investor Dispute

Allstate Broker Jimmy Nunez Suspended By FINRA And Involved In Investor Dispute

Soreide Law Group discusses disclosures on Jimmy William Nunez (CRD#: 6432136, Edgewater, New Jersey). Evidently, Nunez worked as a securities broker for Allstate Financial Services from 2015 to 2020. Let’s take a closer look at the allegations of unauthorized transactions as reported on BrokerCheck. But keep in mind that the securities broker denies alleged inappropriate sales practices.

FINRA Issues $10,000 Fine, 2-Year Suspension To Allstate’s Jimmy Nunez For Falsely Testifying

The regulator sanctioned Nunez on January 28, 2022. Specifically, Nunez agreed to pay a fine of $10,000 and serve a suspension of 2 years (February 7, 2022, to February 6, 2024). FINRA contends that the securities broker violated Rule 8210 for false statements and testimony.

Allstate Insurance Company Discharges Nunez For Allegedly Submitting Applications With False Signatures

Evidently, the firm terminated Nunez as a securities broker on June 29, 2020. Mainly, the securities broker allegedly submitted applications containing false signatures.

Allstate Financial Services Client Alleges Damages On Variable Annuity

Specifically, an Allstate Financial Services client expressed concerns about Jimmy Nunez’s sales practices, as BrokerCheck shows that the client lodged an investment dispute on February 27, 2020. It appears that the securities firm or Nunez caused the client to incur damages because of making investments in a variable annuity. Mainly, the client makes allegations of forged signatures on account documents resulting in an annuity purchase in 2018. The client also alleges that some of the information on their account was not accurate. Consequently, to resolve the client’s allegations of sales practice violations, Allstate Financial Services settled with the client by making a payment to them in the amount of $30,000 on October 28, 2020.

Losses Through Jimmy Nunez?

Did you suffer losses because of securities broker Jimmy Nunez? If so, contact Soreide Law Group at (888) 760-6552 to speak with a helpful securities attorney about a potential recovery of your losses. We take cases on a contingency fee basis and advance all costs. The firm has recovered substantial compensation for a lot of US investors who have realized damages from financial advisors or securities brokers. Please note that Nunez denies all accusations of his improper sales practices.