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Melissa Gilcrease Suspended for Allegedly Failing to Respond to FINRA Requests for Information

Melissa Gilcrease (CRD #:4402053), a broker formerly registered with Allstate Financial Services, was recently suspended for allegedly failing to respond to FINRA requests for information, according to her BrokerCheck Record, accessed on January 15, 2021.   

On October 22, 2021, FINRA alleged that Melissa Gilcrease failed to respond to FINRA requests for information. Her alleged conduct is a violation of FINRA Rule 8210. 

FINRA Rule 8210 requires members to provide information under oath, if requested, regarding any matter that pertains to an investigation, complaint, examination, or proceeding. A violation of FINRA Rule 8210 is also a violation of FINRA Rule 2010, which requires member firms and their associated persons to “observe high standards of commercial honor and just and equitable principles of trade.” 


Pursuant to FINRA Rule 9552 and in accordance with FINRA’s Notice of Suspension letter dated October 22, 2021, Melissa Gilcrease was suspended on November 15, 2021, from associating with any FINRA member firm in all capacities. 

FINRA Rule 9552 applies in situations where a brokerage firm or representative has failed to provide information or keep information current. FINRA Rule 9552 is a Notice of Suspension if corrective action is not taken. This means if Melissa Gilcrease fails to request termination of the suspension within three months, she will automatically be barred on January 25, 2022, from association with any FINRA member in all capacities pursuant to FINRA Rule 9552(h). 

Employment Termination 

On January 13, 2021, Melissa Gilcrease was fired from her position at Allstate Insurance Company following allegations that she directed a customer’s homeowner claim payment to a bank account that she personally controlled. 

Section A of FINRA Rule 2150 prohibits brokers and brokerage firms from misusing customers’ funds or securities. Melissa Gilcrease also allegedly violated FINRA Rule 2010, which requires associated persons to “observe high standards of commercial honor and just and equitable principles of trade” in the conduct of their business.  


There is a bankruptcy on Melissa Gilcrease’s record, dated January 30, 2020. 

Background Information 

Melissa Gilcrease 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 

Besides, Allstate Financial Services Melissa Gilcrease has not worked with any other firms. 

Kurta Law Can Help  

If you have been victimized by Melissa Gilcrease as a broker, don’t hesitate to get in touch with us today at 877-600-0098 or 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.