Tyson Allred: $1.5mm Complaint Against Members Financial Advisor

Portland, Oregon financial advisor Tyson Allred (CRD# 3081010) recently received an investor complaint alleging that his conduct resulted in seven-figure damages. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor with LPL Financial, doing business as Members Financial Services.

Mr. Allred’s BrokerCheck report discloses multiple investor complaints. The most recent, filed in March 2024, alleges that as a representative of US Bancorp Investments, he “made specific assurances that the investments chosen for the customers protected principal and a guaranteed return of 3.25% after two years.” The pending complaint alleges damages of $1,529,600.

An earlier investor complaint, filed in 2023, alleged that as a representative of US Bancorp Investments, he provided the customer with misleading information about mutual fund investments. The complaint alleged damages of $42,400 and was denied by the firm.

Members Financial Services’ website includes a page describing the firm’s offerings. “Planning and saving for your future requires patience and attention…and often the help of someone you know,” it states. “That’s why working with a financial professional located at your credit union in this increasingly complex environment makes sense. Your unique needs are put first by someone dedicated to making your financial planning and savings experience both rewarding and satisfying.”

Elsewhere, the firm describes its approach to financial planning. “Living the retirement of your dreams means making your money last,” it explains. “Yet outliving our money is a worry we all have. What’s the secret to securing your financial future? Start a goal-oriented savings plan today – and stick with it.”

According to the Financial Industry Regulatory Authority, Tyson Allred holds 25 years of securities industry experience. Based in Portland, Oregon, he has been registered as a broker and an investment advisor with LPL Financial since 2023, doing business as Members Financial Services. His past registrations include US Bancorp Investments (Portland, Oregon; 2001-2022), Bidwell & Company (Portland, Oregon; 1999-2001), and Phillips & Company (Portland, Oregon; 1998). His credentials include the passage of four securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Combined State Law Examination, or Series 66. He is licensed in Arizona, Arkansas, California, Florida, Idaho, Kentucky, North Carolina, Oklahoma, Oregon, Texas, and Washington. (Information current as of June 8, 2024.)

Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.