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Jon Barrack Terminated by Allstate Financial Services

Jon Barrack (CRD #: 1393944) has been fired by Allstate Financial Services. This disclosure appears on his BrokerCheck record, accessed on October 2, 2024. Details concerning this dispute are provided below. 

Employment Separation After Allegations 

On September 24, 2024, Allstate Financial Services fired Jon Barrack following allegations that the firm lost confidence after allegations that he obtained only the signature page of a document and completed the remainder of the document without the customer’s knowledge and violated of the firm’s policies regarding off-channel electronic communications. 

Investors should know that there are also three investor disputes on the investor’s record. 

High Standards of Commercial Honor 

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Completing a document without the customer’s knowledge violates this rule. 

Background Information 

Jon Barrack has passed the following exams: 

  • Series 65 Uniform Investment Adviser Law Examination 
  • Series 63 Uniform Securities Agent State Law Examination 
  • SIE – Securities Industry Essentials Examination 
  • Series 7 General Securities Representative Examination 

During his 36 years of experience, he has registered with eight firms. These are the four most recent: 

  • Allstate Financial Services (CRD #: 18272) 
  • Silver Oak Securities (CRD #: 46947) 
  • WFG Investments (CRD #: 22704) 
  • Oppenheimer & Co. (CRD #: 249) 

Kurta Law Can Help 

If you worked with Jon Barrack and you have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email 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.

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