Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on February 9, 2018 indicate that New Mexico-based AllState Financial Services broker Ketan Patel has received customer disputes. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Patel (CRD# 2753742).
Ketan Patel has spent 21 years in the securities industry and has been registered with AllState Financial Services in Albuquerque, New Mexico since 2003. Previous registrations include MetLife Securities in Springfield, Massachusetts (1996-2003) and Metropolitan Life Insurance in New York, New York (1996-2003). He has passed two securities industry examinations: Series 63 (Uniform Securities Agent State Law Examination), which he obtained on December 17, 1996, and Series 6 (Investment Company Products/Variable Contracts Representative Examination), which he obtained on November 20, 1996. He is a registered broker and investment adviser with two US states: New Mexico and Texas.
According to his BrokerCheck report, he has received two customer complaints and two unsatisfied tax liens.
In 2016 a customer alleged Ketan Patel, while employed at AllState Financial Services, failed to disclose various charges and other features associated with a variable annuity contract that did not meet his liquidity requirements. The complaint settled in August 2017 for $14,000.
In 2016 the Internal Revenue Service filed a tax lien totaling $44,125 against him. The lien remains outstanding.
In 2012 the Internal Revenue Service filed a tax lien totaling $18,398.55 against him. The lien remains outstanding.
In 2003 a customer filed a complaint against Ketan Patel, while he was employed at MetLife, alleging she “never would have changed her whole life insurance policy to a variable life insurance policy” had she been aware she was invested in the stock market. The complaint settled for more than $7,700.
If you or someone you know has lost money investing with Ketan Patel, call the experienced attorneys at Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup your losses. Fitapelli Kurta accepts all cases on a contingency basis: we only get paid if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.