National investment loss lawyers KlaymanToskes is investigating broker Timothy Darnell (CRD# 6666469) formerly of Bankers Life Securities.
Broker Timothy Darnell was terminated from Bankers Life Securities in September 2025. Multiple customer disputes filed in connection with his recommendations allege misconduct involving private securities transactions tied to First Liberty Building & Loan, which federal regulators have alleged operated as a Ponzi scheme.
Investors that suffered losses with broker Timothy Darnell are encouraged to contact attorney Lawrence L. Klayman, Esq., at 888-997-9956 or by email at investigations@klaymantoskes.com to discuss potential recovery options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
Timothy Nathaniel Darnell, formerly registered with Bankers Life Securities, Inc., has been the subject of several customer disputes alleging unsuitable investment recommendations, breach of fiduciary duty, negligence, misrepresentation, and selling away in connection with First Liberty private investment offerings.
According to FINRA BrokerCheck, in September 2025, a customer complaint was filed alleging unsuitable investment recommendations, breach of fiduciary duty, negligence, misrepresentation, and selling away related to an alleged Ponzi scheme involving First Liberty Building & Loan, LLC. The customer is seeking $1,000,000 in damages. Additional complaints were filed on September 30, 2025 and October 24, 2025, each alleging unsuitable recommendations, breach of fiduciary duty, negligence, misrepresentation, and selling away tied to First Liberty Building & Loan. The complaints allege $400,000 and $350,000 in damages, respectively.
Darnell was terminated from Bankers Life Securities in September 2025. Investors who purchased private investment offerings through Timothy Darnell may have recovery options through FINRA arbitration, particularly in cases involving allegations of selling away.
As an investor, there are a few signs that you should look out for if you believe you may have a claim against your financial advisor. These signs could potentially indicate misconduct, negligence, or investment fraud. Investors are encouraged to contact our firm immediately if you have experienced any of the following:
Some investors have close relationships with their brokers due to the time and trust built over the course of their investment relationship. However, it is crucial to remember that financial decisions should be based on careful analysis and due diligence rather than solely relying on personal relationships.
Engaging the services of an experienced securities attorney to evaluate your specific circumstances is strongly advised. At KlaymanToskes, our team of experienced securities attorneys has a deep understanding of this complex area of law, allowing us to provide invaluable insight and tailored guidance that directly addresses your individual needs.
If you suffered losses with broker Timothy Darnell at Bankers Life Securities, or have concerns regarding your investment portfolio, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.