June 23, 2015
Michael G. Seidel entered into a Letter of Acceptance Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA) to resolve allegations that he submitted falsified applications for automobile insurance to Allstate’s insurance affiliate for 4 customers who would not have otherwise qualified for coverage or would not have qualified for the reduced rates they received. As a result Seidel violated FINRA Rule 2010.
Seidel, of Baltimore, Maryland was barred from associating with any FINRA member firm in any capacity.
According to FINRA records, Seidel was registered with Allstate Financial Services 4/2013-6/2014.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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