Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Timothy Thelen (Thelen), previously associated with American Trust Investment Services, INC., has at least 2 disclosable events. These events include 2 customer complaints, alleging that Thelen 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 $1,000,000.00 on May 18, 2023.
MISSREPRESENTATION; FAILURE TO CONDUCT DUE DILIGIENCE; BREACH OF COTRACT; BREACH OF FIDUCIARY DUTY; FAILURE TO SUPERVISE; NEGLAGENCE; VIOLATION OF FINRA RULES; VIOLATION OF SECURITIES LAW; ELDER ABUSE; VIOLATION OF REG-BI.