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Frank Reynolds: Complaint Against Strategic Financial Alliance Broker
Daytona Beach financial advisor Frank Reynolds (CRD# 1366983) allegedly recommended an unsuitable investment, according to a recent investor complaint. Financial Industry Regulatory Authority records show that he is currently a broker and an investment advisor with The Strategic Financial Alliance, doing business as Frank Reynolds & Company.
Mr. Reynolds’ BrokerCheck report discloses several investor complaints. The most recent, filed in April 2023, alleges that as a representative of The Strategic Financial Alliance, he recommended unsuitable investments involving insurance and non-traded preferred stock products. The pending complaint alleges damages of $83,350.
An earlier investor complaint, filed in 2018, alleged that as a representative of GA Repple & Company, he misrepresented material facts relating to limited partnership investments between 2010 and 2012. In 2019 the complaint reached a settlement of $45,000.
A third investor complaint, filed in 2014, alleged that he recommended unsuitable investments and intentionally misled the customer about the products’ nature and risk. In 2015 the complaint reached a settlement of $85,000.
According to the Financial Industry Regulatory Authority, Frank Reynolds holds 37 years of securities industry experience. Based in Daytona Beach, Florida, he has been a broker and an investment advisor with The Strategic Financial Alliance since 2015, doing business as Frank Reynolds & Company. His registration history includes GA Repple & Company (Daytona Beach, Florida; 1996-2014), SunAmerica Securities (Phoenix, Arizona; 1995-1996), IFG Network Securities (Atlanta, Georgia; 1993-1995), Planned Investments (Atlanta, Georgia; 1991-1992), American Express Financial Advisors (Minneapolis, Minnesota; 1985-1991), and IDS Financial Services (1985-1986). His credentials include the passage of six securities industry qualifying exams: the General Securities Principal Examination, or Series 24; the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Investment Adviser Law Examination, or Series 65. He currently holds 29 state licenses. (Information current as of May 7, 2023.)
Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.