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Joseph Caldwell Involved in an Investor Dispute

Joseph Caldwell (CRD #: 6797664), a broker registered with Allstate Financial Services, is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on February 23, 2024. Details concerning this dispute are provided below. 

Allegations

On November 27, 2023, claimants alleged Joseph Caldwell made misrepresentations and recommended unsuitable investments. They further alleged that he failed to set up the account properly and did not name them as beneficiaries. 

Misrepresentation 

FINRA Rule 2020 forbids the use of deceptive, manipulative, and otherwise fraudulent methods to influence the purchase and sale of securities. The misrepresentation or omission of material facts violates this rule.

Unsuitable Investments 

FINRA Rule 2111 defines suitable investments as securities that fit an investor’s profile. Investor profiles have information on the investor’s age, risk tolerance, tax status, investing experience, and financial goals. Investments that do not take these factors into account may be unsuitable

Background Information 

Joseph Caldwell has passed the following exams: 

  • Series 66 Uniform Combined State Law Examination 
  • SIE – Securities Industry Essentials Examination 
  • Series 7 General Securities Representative Examination

He is a registered broker in Alabama, Louisiana, and Mississippi. He is also a registered investment adviser in Alabama. 

During his six years of experience, he has registered with three firms: 

  • Allstate Financial Services (CRD #: 18272) 
  • Allstate Financial Advisors (CRD #: 109524) 
  • Edward Jones (CRD #: 250) 

Kurta Law Can Help 

If you have worked with Joseph Caldwell and have concerns about your investments, do not hesitate to contact us 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 that 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. Do not let securities fraud go unchecked. Start your recovery process today.