Allstate Financial Services, LLC Broker Gina Kidd Investment Loss Options

Allstate Financial Services

Erez Law is currently investigating Allstate Financial Services, LLC broker Gina Kidd (CRD# 6658538) regarding insurance losses. She was registered with Allstate Financial Services, LLC in Bedford, Virginia, from 2017 to 2020, when she was terminated regarding, “Termination after allegations that registered representative involved an unregistered person in activities that require registration.”

In February 2022, FINRA barred her effective in April 2022 after she “consented to the sanction and to the entry of findings that she failed to appear for on-the-record testimony requested by FINRA in connection with its investigation into a Uniform Termination Notice for Securities Industry Registration (Form U5) filed by Kidd’s member firm stating that her employment was terminated after allegations that she involved an unregistered person in activities that require registration.”

Gina Kidd Customer Complaints

She has been the subject of one customer complaint, according to her CRD report:

November 2022. “Customer alleges that she has been wronged by this policy which is not a valid contract due to the way it was sold to her by the representative and an individual (Michael Benjamin Burns) that was not properly registered to sell the policy. Customer states she was told she could increase the value of her existing policy (a fixed universal life policy) very easily and continue to pay the very same amount each month on a new variable universal life policy with zero increase in cost.” The customer is seeking $100,000 in damages, and the case is currently pending. The complaint took place while he was registered with Allstate Financial Services, LLC, and it was related to insurance 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, Allstate Financial Services, LLC may be liable for investment or other losses suffered by Gina Kidd’s 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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Author: Jeffrey Erez

The founder of Erez Law, Jeffrey Erez, focuses exclusively on securities arbitration and litigation. Mr. Erez passionately believes in representing aggrieved investors and obtaining justice for his clients through litigation.