Advisor Alert: Our Attorneys Are Investigating Christopher Michael Zelesnick For Investment Fraud
Did You Lose Money Because of Christopher Zelesnick?
Filed: November 2, 2023
Christopher Zelesnick has been the subject of two (2) customer complaints. 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 Christopher Michael Zelesnick.
Who Is Christopher Michael Zelesnick of Allstate Financial Services, LLC?
- Advisor Name: Christopher Michael Zelesnick
- Aliases: Christopher Zelesnick
- CRD: 1257500
- Location: Glenside, Pennsylvania
- Current Employer: Allstate Financial Services, LLC
- Previous Firms: Impactive Advisors LLC and LPL Financial LLC
- Number of Known Customer Complaints: 2
- Can Christopher Zelesnick Be Sued: Yes, in Private Arbitration
- Can Christopher Zelesnick’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $7,250,000
- Highest Settlement: $85,000
If you have suffered investment losses by Christopher Zelesnick, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a failure to supervise 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 Christopher Zelesnick For Broker Misconduct
As of this publication date, Christopher Zelesnick has been the subject of 2 customer disputes. Let’s review them below.
In April 2019, a complaint was filed against or in reference to Christopher Zelesnick by multiple customers of Impactive Advisors, LLC alleging that Mr. Zelesnick received misappropriated funds knowing, or with reckless disregard for the truth, that the monies were fraudulently obtained in furtherance of the scheme. The clients allege that Defendants have wrongfully and intentionally exercised and have conspired to exercise dominion and control over monies and funds provided by Plaintiffs, amounting to conversion. The clients allege that all payments made to Christopher Zelesnick were derived from monies invested by the Plaintiffs. Per the customers, they lost over $7,250,000 because of Christopher Zelesnick’s actions. On December 24, 2020, Christopher Zelesnick settled the claim for $85,000, and some or all of this amount may have been paid by Christopher Zelesnick’s employer and/or insurance carrier.
In January 1994, a NASD arbitration was filed against or in reference to Christopher Zelesnick alleging wrongful choice of security in selling to cover maintenance calls, and failure to supervise brokers. Per the customer, he/she lost over $66,260.35 because of Mr. Zelesnick’s actions. An arbitration panel found that Christopher Zelesnick was negligent and awarded $1,400 in favor of the customers.
How To File A Claim Against Christopher Zelesnick of Allstate Financial Services, LLC (previously with Impactive Advisors LLC and LPL Financial LLC) To Get Your Money Back.
If you have questions about Christopher Zelesnick, Allstate Financial Services, LLC, Impactive Advisors LLC, LPL Financial LLC, 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.