RedFlag, Allegation and/or Complaint against MICHAEL JASON TIMMONS
Disclosure #1 for MICHAEL TIMMONS
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- Event Date: 2/17/2021
- Disclosure Type: Customer Dispute
- Resolution: Closed-No Action
- Allegations: Mr. Timmons was acting as a Real Estate Agent for SECU*RE, a subsidiary of SECU, the parent company of Credit Union Investment Services and SECU Brokerage Services. The complainant alleges Mr. Timmons either fraudulently or through negligent misrepresentation described a property listed for sale as \u00e2??stick built\u00e2? when in fact the home was modular. This activity occurred between July 30,2020 and November 9, 2020.
- Damage Amount Requested: $5,001.00
- Arbitration Docket Number:
- Broker Comment: After the NC Real Estate Commission (NCREC) closed its file against Mr. Timmons and the Firm notified FINRA accordingly, the NCREC sent another letter to Mr. Timmons dated April 30, 2021 both re-opening the investigation and closing it with a written warning against Mr. Timmons to exercise greater care in the future.
Should I file a FINRA complaint against brokers like MICHAEL JASON TIMMONS?
Many investors (presumably, like yourself) are unaware of the legal recourse available to them after losing money due to securities broker fraud and/or negligence. The truth is that investors who lost money in this fashion may actually be entitled to damages. You may suffer significant losses at the hands of your financial advisors’ misconduct, such as if they misrepresented or failed to disclose the risks associated with a particular investment, recommended frequent trades for the sole purpose of generating commissions, or used high-pressure tactics to make a sale. The rules and regulations of securities laws and FINRA policies are complex, and investment loss claims require an extensive understanding of securities arbitration to achieve the best possible results.
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Originally reported on November 17, 2022 @ 8:38 pm
