Philip L. Grasso and Allstate Financial Services

Have you lost money with financial advisor Philip L. Grasso of Fishkill, New York?  We are investigating allegations made by FINRA, the Financial Industry Regulatory Authority, against Philip Grasso.  Grasso was barred from the securities industry after he failed to respond to a FINRA investigation.  FINRA was investigating Grasso concerning allegations that he stole at least $431,000 from 2 elderly customers, aged 89 and 91.

Philip L. Grasso was a financial advisor and registered representative of Allstate Financial Services from August 2010 to May 2014.  He worked at an Allstate Financial Services branch office in Fishkill, New York.  He was fired by Allstate concerning these allegations.

Brokerage firms like Allstate Financial Services have a responsibility to adequately supervise all representatives who are registered through their firm.  Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies, such as refraining from selling investments and securities that are not approved by the firm.  When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.

Our attorneys have represented over one thousand investors who have been defrauded by their financial advisor or stockbroker.  While we have offices in Denver and the Seattle area, we have also previously represented clients throughout New York and the Northeast.  If you have lost money with Philip Grasso or Allstate Financial Services and want to hear about ALL legal options, please visit https://www.israelsneuman.com and go to our CONTACT page or call us at 720-599-3505.

Click to view:  Grasso FINRA AWC

Click to view:  Grasso BrokerCheck 5.14.15 (1)