Theresa Allen: $300K Complaint Against Ex-First Republic Advisor

A recent investor complaint against Newport Beach financial advisor Theresa Allen (CRD# 2183693) alleges six-figure damages. Financial Industry Regulatory Authority records show that she is a broker and an investment advisor with RBC Capital Markets, having previously been registered with First Republic Securities Company.

Ms. Allen’s BrokerCheck report discloses one investor complaint. Filed in April 2023, it alleges that as a representative of First Republic Securities, she recommended an unsuitable investment in First Republic Bank preferred stock products. The pending complaint alleges damages of $300,000.

In her profile on RBC Capital Markets’ website, Ms. Allen explains that her “top priority” as a financial advisor is giving her clients “individualized service and wealth management solutions that instill clarity and confidence about today and the future.” Explaining her transition from her previous firm to RBC, she states further that her clients at the firm “will enjoy the attention they expect from me, supported by a tool set and business model that has made RBC one of the world’s strongest global financial institutions.”

According to the Financial Industry Regulatory Authority, Theresa Allen holds 30 years of securities industry experience. Based in Newport Beach, California, she has been a broker and an investment advisor with RBC Capital Markets since April 2023. Her past registrations include First Republic Securities Company (Newport Beach, California; 2010-2023), Unionbanc Investment Services (Laguna Hills, California; 2000-2010), Bisys Brokerage Services (St. Cloud, Minnesota; 1998-2000), Laughlin Group Advisors (Lincoln, Nebraska; 1996-1997), Marketing One Securities (Portland, Oregon; 1995-1996), and Invest Financial Corporation (Appleton, Wisconsin; 1992-1995). Her credentials include the passage of four securities industry qualifying exams: 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; and the Uniform Securities Agent State Law Examination, or Series 63. She currently holds 29 state licenses. (Information current as of June 24, 2023.)

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