Todd Seeholzer a representative for Allegis Investment Services in Logan, Utah recommended a risky options strategy that caused substantial losses on August 21, 2015. We presently represent several clients who were solicited by Todd Seeholzer to open accounts with Allegis Investment Services.
The securities attorneys at The Law Office of David Liebrader have opened an investigation into the securities related conduct of Todd Seeholzer, a licensed FINRA registered representative from Logan Utah who is affiliated with Allegis Investment Services.
Seeholzer presented Allegis’ clients with a complex options strategy despite not having the proper license to recommend options transactions. The options strategy failed spectacularly on August 21, 2015, when the transaction at issue cost Allegis’ clients $39 million. The net credit spread strategy that caused the losses was a high risk strategy suitable only for aggressive investors.