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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.)
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