Advisor Alert: Our Attorneys Are Investigating Franklin Travis Reynolds For Investment Fraud
Did You Lose Money Because of Franklin Reynolds?
Filed: March 11, 2024
Franklin Reynolds (also known as Frank Reynolds) currently has one (1) pending customer complaint. Overall, he has been the subject of three (3) 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 Franklin Travis Reynolds.
Who Is Franklin Travis Reynolds of The Strategic Financial Alliance, Inc.?
- Advisor Name: Franklin Travis Reynolds
- Aliases: Frank Reynolds
- CRD: 1366983
- Location: Daytona Beach, Florida
- Current Employer: The Strategic Financial Alliance, Inc.
- Previous Firms: G. A. Repple & Company and Sunamerica Securities, Inc.
- Number of Known Customer Complaints: 3
- Can Franklin Reynolds Be Sued: Yes, in Private Arbitration
- Can Franklin Reynolds’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $172,343
- Highest Settlement: $85,000
If you have suffered investment losses by Franklin Reynolds, 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 Franklin Reynolds For Broker Misconduct
As of this publication date, Franklin Reynolds has been the subject of 3 customer disputes. Let’s review them below.
In April 2023, a FINRA arbitration was filed against or in reference to Franklin Reynolds by a customer of The Strategic Financial Alliance, Inc. alleging that the firm failed to supervise Mr. Reynolds’’s recommendations and that Mr. Reynolds made unsuitable recommendations. Per the customer, he/she lost over $83,350 because of Mr. Reynolds’s actions. As of this publication date, this claim remains pending.
In June 2018, a FINRA arbitration was filed against or in reference to Franklin Reynolds by multiple customers of G. A. Repple & Company alleging that Mr. Reynolds induced them to participate in an illiquid/aggressive investment which was inconsistent with their investment goals and low-moderate risk tolerance by misrepresenting and omitting material information concerning the character of the investment in the direct participation program. The clients also allege that the representative misrepresented their qualification as “accredited investors” as defined in Rule 501 of Regulation D. Per the customers, they lost over $95,000 because of Mr. Reynolds’s actions. On August 26, 2019, Mr. Reynolds settled the claim for $45,000, and some or all of this amount may have been paid by Mr. Reynolds’s employer and/or insurance carrier.
In November 2014, a FINRA arbitration was filed against or in reference to Franklin Reynolds by a customer of G. A. Repple & Company alleging that Mr. Reynolds made unsuitable recommendations, intentionally misled the client about nature and risk of investments, failure to conduct due diligence, and failure to supervise. Per the customer, he/she lost over $172,343 because of Mr. Reynolds’s actions. On December 30, 2015, Mr. Reynolds settled the claim for $85,000, and some or all of this amount may have been paid by Mr. Reynolds’s employer and/or insurance carrier.
How To File A Claim Against Franklin Reynolds of The Strategic Financial Alliance, Inc. (previously with G. A. Repple & Company and Sunamerica Securities, Inc.) To Get Your Money Back
If you have questions about Franklin Reynolds, The Strategic Financial Alliance, Inc., G. A. Repple & Company, Sunamerica Securities, Inc., 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.