Alan Khalil Terminated from Allstate and Suspended by FINRA

Alan Khalil (CRD #: 6587312), a previously registered broker with Allstate Financial Services, has been suspended by FINRA, according to his BrokerCheck record, accessed on October 19, 2021. Details on FINRA’s allegations are provided below. Investors who have concerns about Alan Khalil’s conduct as a broker should keep reading.

FINRA Suspension

On August 11, 2021, FINRA suspended Alan Khalil after he allegedly failed to respond to FINRA requests for information. This suspension will continue until he provides the information. If he fails to request termination of the suspension within three months of the date of the Notice of Suspension, he will automatically be barred on November 15, 2021.

FINRA Rule 8210: Brokers Are Required to Provide FINRA Staff with Information

FINRA Rule 8210 requires investors to provide information “orally, in writing, or electronically, and to testify at a location specified by FINRA staff,” for the purpose of “an investigation, a complaint, an examination, or proceeding.”

Employment Termination

Alan Khalil also has an employment termination on his record. On March 16, 2021, Allstate Insurance Company fired Alan Khalil following allegations that he engaged in an undisclosed outside business and continued to engage in an outside business activity that he had indicated was terminated.

In his detailed BrokerCheck record, Alan Khalil lists only one outside business. The record states that he is the owner of Ritzy Properties in Ypsilanti, Michigan.

Alan Khalil Background Information

Alan Kahlil has passed the following exams:

• Series 63 Uniform Securities Agent State Law Examination
• Securities Industry Essentials Examination
• Series 6 Investment Company Products/ Variable Contracts Representative Examination

Alan Khalil has only registered with one firm: Allstate Financial Services (CRD #: 18272) in Saline, Michigan.

Kurta Law Can Help 

If you lost money while working with Alan Khalil, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.