Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Timothy Avila (Avila), previously associated with LPL Financial LLC, has at least one disclosable event. These events include one customer complaint, alleging that Avila recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a settled customer complaint with a damage request of $58,000.00 on December 24, 2020.
Client alleges that Mr. Avila placed several short term trades that were unsuitable based on client’s age, employment status, risk tolerance and investment objectives.