SPRINGFIELD, OHIO – Have you lost money with financial advisor David Maute, formerly of Allstate Financial Services in Springfield, Ohio?  We are looking into allegations made against David Maute. David Maute was terminated by Allstate Financial Services after he was alleged to have arranged a loan between himself and a customer.  Generally financial advisors cannot enter into loans with customers, with limited exceptions, and they must get permission from their brokerage firm to do so.

David Maute was a registered representative of Allstate Financial Services from 2000 to May 2021.  He has worked at branch offices in Springfield, Ohio.

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.  When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.

Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Seattle, Washington; Phoenix, Arizona; and Ann Arbor, Michigan.  We represent investors in FINRA arbitration proceedings in all 50 states, including investors in Ohio.  Our attorneys have represented over one thousand investors against many brokerage firms in the past.

Click to view BrokerCheck:  Maute, David BrokerCheck 6.17.21

If you lost money with David Maute or Allstate Financial Services, contact the law firm of ISRAELS & NEUMAN at (720) 599-3505 or (206) 795-5798 for a Free evaluation of your case.