Matthew Augugliaro Faced Allstate Financial Services Investor’s Misrepresentation Dispute

Investors potentially incurred losses because of securities broker Matthew Joseph Augugliaro [CRD: 2494865, Huntington, New York], based on publicly available information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Augugliaro has worked for Allstate Financial Services LLC starting on September 10, 2014. See the following information to learn more about Augugliaro’s disclosures.

Allstate Investor Accused Augugliaro Of Omissions

Notably, a client filed a complaint about Matthew Augugliaro. Mainly, the client alleged that Augugliaro made omissions, made misrepresentations, and caused the securities broker dealer to maintain false records regarding financial suitability information. For this reason, the client allegedly incurred damages connected to variable annuities. Therefore, on January 20, 2026, Allstate Financial Services LLC settled this matter by paying the client $13,653.50 in damages.

Matthew Augugliaro Disclosed Unsuitable Recommendations Allegations By Allstate Client

Additionally, a client of Allstate Financial Services LLC contested Augugliaro’s sales practices, according to a complaint dated November 14, 2025. Allegedly, Augugliaro made unsuitable recommendations. It appears that Augugliaro allegedly caused the client to sustain damages related to variable annuities. Consequently, the client sought compensation from Allstate Financial Services LLC or Augugliaro in the amount of $195,162.83 in this matter. However, the firm denied this complaint.

Allstate Financial Services LLC Investor Accused Augugliaro Of Poor Performance

Particularly, on January 18, 2019, an Allstate Financial Services LLC client filed a complaint about Matthew Augugliaro. Primarily, the client alleged that Augugliaro recommended investments which poorly performed, specifically a variable annuity that was not explained to the client. Because of this, the client allegedly sustained damages connected to variable annuities. As a result, the client requested $14,000 in compensation from Allstate Financial Services LLC or Augugliaro. However, the firm denied this complaint.

Did You Sustain Losses Because Of Securities Broker / Financial Advisor Matthew Augugliaro?

Do you have concerns or questions regarding investments you made with Matthew Augugliaro? If so, reach out to Soreide Law Group at (888) 760-6552 or online and talk to a securities lawyer concerning a possible recovery of your investment losses. Soreide Law Group has recovered losses for clients throughout the United States. Also, our securities lawyers work on a contingency fee arrangement and advance all costs. Augugliaro and brokerage firms Augugliaro worked for deny allegations of sales practice violations.