Public records published by the Financial Industry Regulatory Authority (FINRA) and accessed on January 22, 2019 indicate that Massachusetts-based Stifel Nicolaus & Company broker/adviser Timothy Johnson, who has received customer disputes, was recently sanctioned by state regulatory authorities in connection to alleged rule violations. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Johnson (CRD# 874358).
Timothy Johnson has spent 39 years in the securities industry and has been registered with Stifel Nicolaus & Company in East Harwich, Massachusetts since 2009. Previous registrations include Wachovia Securities in Centerville, Massachusetts (2008-2009); AG Edwards & Sons in Centerville, Massachusetts (1987-2008); and Thomson McKinnon Securities (1979-1987). He has passed four securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on September 1, 2012; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on December 28, 1981; SIE (Securities Industry Essentials Examination), which he obtained on October 1, 2018; and Series 7 (General Securities Representative Examination), which he obtained on November 17, 1979. He is a registered broker and investment adviser with 30 US states and territories.
According to his BrokerCheck report, he has received two customer complaints and one regulatory sanction.
In December 2018 the State of Massachusetts sanctioned him in connection to allegations he recorded 6,102 solicited trades and 48 unsolicited trades for an investment adviser’s customer accounts, and that the solicited trades were marked in a manner that was inconsistent with the firm’s policy, causing it to maintain inaccurate trade blotter records. He was issued a consent order that for a period of three years places him on heightened supervision, orders him not to possess or exercise discretion in Massachusetts brokerage customer accounts, and forbids him from holding principal, supervisory or managerial duties while he is associated with Stifel Nicolaus & Company.
In 1998 a customer alleged Timothy Johnson, while employed at Thomson McKinnon Securities, recommended unsuitable investments and misrepresented material facts. The complaint settled for $18,797.
In 1987 a customer alleged Timothy Johnson, while employed at Thomson McKinnon Securities, misrepresented and recommended an unsuitable oil and gas income limited partnership. The complaint settled for more than $13,700.
If you or someone you know has a complaint regarding Timothy Johnson, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup lost funds. Fitapelli Kurta accepts every case on contingency: we only get paid if and when you collect money. Time to file your claim may be limited, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.