Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Timothy Calvert (Calvert), currently associated with First Citizens Investor Services, INC., has at least one disclosable event. These events include one customer complaint, alleging that Calvert recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a pending customer complaint with a damage request of $28,624.92 on November 06, 2025.
The client’s power of attorney alleged that the client did not recall any discussion of a new annuity during meetings that occurred between February and March 2025, and stated the client would not have agreed to a new contract with a 7-year term. The power of attorney further claimed that the client believed the paperwork involved only updating names and beneficiaries on existing policies as part of the death claim process.