National investment loss lawyers KlaymanToskes is investigating Timothy Farris of Cetera Advisors LLC (CRD #2178521).
According to his CRD report, Timothy Farris, currently registered with Cetera Advisors LLC, is the subject of a pending customer complaint alleging excessive and unsuitable securities trading in connection with investments purchased between 2015 and 2021, as well as inadequate brokerage firm supervision of the customer’s account.
Investors that suffered losses with Timothy Farris (Cetera Advisors LLC) are encouraged to contact attorney Lawrence L. Klayman, Esq., at 888-997-9956 or by email at lawrence@klaymantoskes.com to discuss recovery options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
Timothy Farris, a broker, is currently facing a customer complaint, as per his Central Registration Depository (CRD) report. The complaint, filed in July 2023, alleges excessive and unsuitable securities trading related to investments made between 2015 and 2021. The claimants have also raised concerns about the inadequate supervision of their account by the Broker-Dealer (BD).
The complaint, which is still pending, revolves around common and preferred stocks. It was lodged during the period when Farris was registered with his former firm. The specifics of the firm have not been disclosed in the report.
According to the Financial Industry Regulatory Authority (FINRA) rules, member firms are held accountable for overseeing a broker’s activities while the broker is registered with them.
Timothy Farris is a broker who has been registered with Cetera Advisors LLC since 2021. From 2009 to 2015, he was registered with Ameriprise Financial Services, Inc., and from 2015 to 2021, he was registered with Sigma Financial Corporation. He currently has one customer complaint on his record, which dates back to July 2023 and alleges excessive and unsuitable securities trading in connection with the investments purchased between 2015 and 2021.
As an investor, there are a few signs that you should look out for if you believe you may have a claim against Timothy Farris. These signs could potentially indicate misconduct, negligence, or investment fraud. Investors are encourage 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 Timothy Farris, or have concerns regarding your investment portfolio at Cetera Advisors LLC, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.