Advisor Alert: Our Attorneys Are Investigating Allen Francis Ostrofe For Investment Fraud
Did You Lose Money Because of Allen Ostrofe?
Filed: November 15, 2023
Allen Ostrofe has been the subject of one (1) customer complaint. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on Allen Francis Ostrofe.
Who Is Allen Francis Ostrofe?
- Advisor Name: Allen Francis Ostrofe
- Aliases: Allen Ostrofe
- CRD: 1247987
- Location: Grass Valley, California
- Current Employer: Currently Not Registered
- Previous Firms: LPL Financial LLC, National Planning Corporation, and Associated Securities Corp.
- Number of Known Customer Complaints: 1
- Can Allen Ostrofe Be Sued: Yes, in Private Arbitration
- Can Allen Ostrofe’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $125,000
- Highest Settlement: $5,000
If you have suffered investment losses by Allen Ostrofe, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining an investment fraud lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against Allen Ostrofe For Broker Misconduct
As of this publication date, Allen Ostrofe has been the subject of 1 customer dispute. Let’s review it below.
In July 2019, a FINRA arbitration was filed against or in reference to Allen Ostrofe by a customer of LPL Financial LLC alleging breach of fiduciary duty, negligent failure to supervise and negligence on behalf of respondent LPL. Per the customer, he/she lost over $125,000 because of Mr. Ostrofe’s actions. On January 23, 2023, Mr. Ostrofe settled the claim for $5,000, and some or all of this amount may have been paid by Mr. Ostrofe’s employer and/or insurance carrier.
How To File A Claim Against Allen Ostrofe (previously with LPL Financial LLC, National Planning Corporation, and Associated Securities Corp.) To Get Your Money Back.
If you have questions about Allen Ostrofe, LPL Financial LLC, National Planning Corporation, Associated Securities Corp., or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll-free at 1-800-950-6553.