Allegis Discharges Brandon Stimpson For Ignoring Firm Policies, Code Of Ethics

Brandon Curt Stimpson (CRED#: 4299623) is a currently registered investment advisor and former registered broker. His last employer of record is Allegis Investment Services, LLC (CRD#:168557) of North Logan, UT. Previous employers include Signator Financial Services, Inc. (CRD#:19061), also of North Logan, Insphere Securities, Inc. (CRD#:136433) of Salt Lake City, UT, and Equity Services of Logan, UT. Current employment information is not listed. He has been in the business since 2000.

Stimpson is the subject of nine disclosures, the latest a “separation employment after allegations.” Allegis Investment Advisors discharged Stimpson on 12/13/2017 after he “failed to follow firm policies and code of ethics.” Additional details are not available.

Brandon Stimpson is also a party to a FINRA arbitration award filed by a client, alleging unsuitability; unauthorized trading, failure to supervise, and a breach of fiduciary duty. The client requested damages of $287,350.63. The subsequent award ordered by FINRA was not paid on behalf of Stimpson, and he did not contribute to the award. FINRA awarded several sums to the client, to be paid by the respondents. The amounts include compensatory damages, pre-judgment interest, attorney’s fees, expert witness fees, hearing session fees and other associated costs of arbitration.

Two “pending” client disputes with requested damages totaling $700,000 have similar allegations of an unsuitable options strategy with a trade in August of 2015 that caused a loss. The first claim was filed on 10/02/2017, and the second was filed on 06/27/2016.

A previous client dispute filed on 11/16/2015 brought similar allegations. The client requested damages of $64,629.00, and the case was settled for $35,000.00 in the interest of client relations.

All other customer disputes are either withdrawn or closed without action.

Did You Invest Money With Brandon Stimpson?

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