National investment loss lawyers KlaymanToskes is investigating Timothy Judson (CRD# 709195) of Osaic Wealth, Inc., also doing business as Royal Alliance Associates, Inc., following the filing of a customer complaint alleging $100,000 to $500,000 in investor damages due to unsuitable recommendations to invest in a Direct Participation Program and Limited Partnership (DPP & LP Interests).
Investors that suffered losses with Timothy Judson may be entitled to a financial recovery. Contact attorney Lawrence L. Klayman, Esq., for a free consultation to discuss recovery options at 888-997-9956 or lawrence@klaymantoskes.com. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
According to FINRA BrokerCheck, Timothy Harold Judson is currently registered as a broker and investment advisor with Osaic Wealth, Inc. in McLean, VA. Judson is also reportedly doing business as Royal Alliance Associates, Inc.
Judson has been hit with a customer complaint alleging between $100,000 and $500,000 in damages to the customers’ Royal Alliance account due to being recommended to invest in two unsuitable Direct Participation Program and Limited Partnership (DPP & LP Interests) investments. The customers further allege that the investment recommendations were not in line with the customer’s investment objectives.
Direct Participation Program (“DPP”) investments are considered illiquid due to not being traded on a market exchange. DPP’s are generally organized as a partnership whereby the investors or “limited partners” deliver their funds to a “general partner,” who invests the pooled capital on behalf of the group.
Typically when investors purchase DPP’s, they are unable to liquidate until their target maturity date. As a result, DPPs are likely only suitable for investors who can afford to have their funds tied up for long holding periods, sometimes decades.
While DPPs may provide investors with high returns and tax advantages when managed correctly, investors in DPPs may face severe losses as a result of poor management. Brokerage/advisory firms and their registered representatives may be held liable for DPP & LP Investment losses under the Securities Act of 1934 and the Financial Industry Regulatory Authority’s Rule 2310.
Customers of Timothy Judson who suffered investment losses are encouraged to contact attorney Lawrence L. Klayman, Esq. at (888) 997-9956 or lawrence@klaymantoskes.com for a free consultation to discuss recovery options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
SEC Regulation Best Interest, a/k/a “Reg BI” establishes a “best interest” standard of conduct for brokers and brokerage firms making recommendations of securities investments and investment strategies to their customers, under the Securities Exchange Act of 1934.
Investment advisors and their firms have a responsibility to make recommendations with their customer’s best interest in mind, based upon the client’s personal needs and preferences.
Investors may be entitled to a financial recovery if their brokerage/investment advisory firm failed to supervise the representative managing their brokerage account, and/or if their advisor did not act in their best interest.
If you suffered investment losses due to the misconduct or securities violations of your broker/advisor, contact attorney Lawrence L. Klayman, Esq. at (888) 997-9956 or lawrence@klaymantoskes.com for a free and confidential consultation.
KlaymanToskes is a leading national securities law firm which practices exclusively in the field of securities arbitration on behalf of retail and institutional investors throughout the world in large and complex securities matters. The firm has recovered over $250 million in FINRA arbitrations and over $350 million in other securities litigation matters. KlaymanToskes has office locations in California, Florida, New York, and Puerto Rico.
KlaymanToskes, P.A.
Lawrence L. Klayman, Esq.
888-997-9956
lawrence@klaymantoskes.com
www.klaymantoskes.com