Securities Fraud Lawyer Blog
Todd Seeholzer a representative for Allegis Investment Services in Logan, Utah recommended a risky options strategy that caused substantial losses on August 21, 2015. We presently represent several clients who were solicited by Todd Seeholzer to open accounts with Allegis Investment Services.
The securities attorneys at The Law Office of David Liebrader have opened an investigation into the securities related conduct of Todd Seeholzer, a licensed FINRA registered representative from Logan Utah who is affiliated with Allegis Investment Services.
Seeholzer presented Allegis’ clients with a complex options strategy despite not having the proper license to recommend options transactions. The options strategy failed spectacularly on August 21, 2015, when the transaction at issue cost Allegis’ clients $39 million. The net credit spread strategy that caused the losses was a high risk strategy suitable only for aggressive investors.
Mr. Seeholzer worked with another Allegis broker, Brandon Stimpson, and together they opened accounts at Allegis Investment Services and persuaded clients to liquidate their holdings to invest in the risky options strategy.
Todd Seeholzer has been FINRA licensed to sell securities since 1996, and has been affiliated with Allegis Investment Services since 2014. Prior to that Seeholzer worked for Jefferson Pilot, Farmers Financial, Equity Services, Insphere Securities and Signator Financial.
FINRA hosts a database that the public can access to check the credentials of their financial advisors. The website, also known as broker check contains a listing for Todd Seeholzer, which discloses that Mr. Seeholzer holds a Series 6 license which only permits him to recommend and sell mutual funds and variable annuities, and not complex options trading strategies.
If you have information that might be helpful or if you suffered losses investing with Todd Seeholzer of Allegis Investment Services please call The Law Office of David Liebrader at (702) 380-3131.
The Law Office of David Liebrader practices exclusively in the field of investment loss recovery. For the past 23 years, we have dedicated our law practice to assisting investors who have been victims of investment fraud via fraudulent and unsuitable investment transactions. During that time we have recovered money for over one thousand individuals, pension plans, trusts and companies. The recoveries we have obtained via judgments, awards and settlements on behalf of our clients exceed $40,000,000.
Our firm takes cases on a straight contingency fee, with no money up front, and no money owed unless there is a recovery. There is no charge for an initial consultation, so call (702) 380-3131 today to speak with an experienced securities attorney who will fight to recover your losses.