Public records published by the Financial Industry Regulatory Authority (FINRA) on August 9, 2016 indicate that former Georgia-based Allstate Financial Services broker Patrick Bellantoni is currently not licensed to act as a broker or an investment adviser. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Bellantoni (CRD# 1164540).

Patrick Bellantoni has spent 19 years in the securities industry and was most recently registered with Allstate Financial Services in Canton, Georgia (2015-2016). Previous registrations include LPL Financial in Woodstock, Georgia; Mutual Service Corporation in Woodstock, Georgia; Allstate Financial Services in Canton, Georgia; Linsco/Private Ledger Corporation in Woodstock, Georgia; Keogler Morgan & Company; John Hancock Distributors; John Hancock Mutual Life Insurance Company; and Equity Services. He is currently not registered with any state or firm.

According to his BrokerCheck report, Patrick Bellantoni has received three customer complaints.

In 2014, a customer alleged Patrick Bellantoni, while employed at Allstate Financial Services, recommended unsuitable investments. The complaint settled in July 2015 for $140,000.

In 2014, a customer alleged Patrick Bellantoni, while employed at Allstate Financial Services, recommended unsuitable equity and fixed-income investments. The complaint settled in July 2015 for $140,000.

In 2012, a customer alleged Patrick Bellantoni, while employed at Mutual Service Corporation and LPL Financial, misrepresented material facts, breached his fiduciary duty, engaged in negligent supervision, and breached his covenant of good faith. The complaint settled in 2013 for $27,500.

Federal securities law prohibits brokers like Patrick Bellantoni from making untrue or false statements that can mislead their clients — an act referred to as “misrepresentation.” Nor may they omit material facts regarding an investment, or the effect that an investment could have on the client’s finances. A “material fact” is a piece of information that would be a significant consideration for a reasonable investor in making a decision about an investment. Some examples include the risk level of a stock, the potential return on an investment, or the fees involved with the transaction. Brokers and investment advisers who misrepresent material facts may be subject to disciplinary action from FINRA, the Securities and Exchange Commission, or state authorities.

If you have lost money investing with Patrick Bellantoni, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 without delay. You may be entitled to recoup your losses. We accept all cases on contingency: Fitapelli Kurta only gets paid if and when you collect money. Time to file your claim may be limited, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.