There are options for clients of Strategic Financial Alliance, Inc. broker Franklin Reynolds (CRD# 1366983) regarding unsuitable investment recommendations. He has been registered with The Strategic Financial Alliance, Inc. in Daytona Beach, Florida, since 2015, and Strategic Blueprint, LLC in Daytona Beach, Florida, since 2025.
Franklin Reynolds Customer Complaints
He has been the subject of three customer complaints between 2014 and 2023, according to his CRD report. The most recent complaints were regarding:
April 2023. “Claimant alleges that firm failed to supervise representative’s recommendations and that representative made unsuitable recommendations.” The customer is seeking $188,000 in damages, and the case is currently pending. The complaint was regarding non-traded preferred stocks and insurance losses, and it took place while he was registered with The Strategic Financial Alliance, Inc.
June 2018. “Clients allege representative 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. Clients also allege the representative misrepresented their qualification as “accredited investors” as defined in Rule 501 of Regulation D. Allegation period provided in complaint, 4/2010 – 4/2012.” The customer sought $95,000 in damages, and the case was settled for $45,000. The complaint was regarding private placement losses.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Strategic Financial Alliance, Inc. may be liable for investment or other losses suffered by Franklin Reynolds’ customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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