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Keith Ostfeld Fired from Allstate Financial Services for Alleged Undisclosed OBA

Nov 4, 2022 Fired Brokers

Keith Ostfeld (CRD #: 5832403), a broker formerly registered with Allstate Financial Services, was fired from the firm, according to his BrokerCheck record, accessed on October 29, 2022. Read on to learn more about his conduct as a broker.

Termination from Allstate Financial Services

On August 24, 2022, Keith Ostfeld was fired from Allstate Financial Services following his termination by the parent insurance company. This allegedly came after he maintained an undisclosed interest in an independent insurance agency and failed to report it as an outside business activity.

FINRA Rule 3270

FINRA Rule 3270 requires brokers to disclose to their firm any outside business activities they engage in and any compensation they expect to receive from these activities.

Other business activities

Keith Ostfeld’s detailed BrokerCheck report does not currently list any outside business activities.

Background Information

Keith Ostfeld has passed the following exams:

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

He previously worked for Allstate Financial Services (CRD#:18272).

Kurta Law Can Help

If you worked with Keith Ostfeld and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want 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.