DID TIMOTHY RICHARD FARRIS CAUSE YOU INVESTMENT LOSSES?
Timothy Farris Of Cetera Advisors LLC Has 2 Customer Complaints For Alleged Broker Misconduct
About Timothy Farris of Cetera Advisors LLC?
Timothy Farris (CRD #2178521) is a registered broker with over 30 years of experience in the financial services industry. He is currently registered with Cetera Investment Advisers LLC as an investment advisor since March 21, 2024, and Cetera Advisors LLC as a registered broker since December 16, 2021. Throughout his career, Mr. Farris has passed 4 principal/supervisory exams, 4 general industry/product exams, and 3 multi-state securities law exams. He is licensed in 4 U.S. states and territories and holds registrations with 1 Self-Regulatory Organization (SRO). His registration history includes notable firms such as Sigma Financial Corporation, Ameriprise Financial Services, Inc., and Pruco Securities Corporation.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Timothy Farris Customer Complaints and Reviews
- Customer Disputes: 2 Pending Cases
- Case 1 (May 22, 2024): A customer has filed a complaint alleging unsuitable investment advice and failure to properly invest funds in the market, specifically involving a variable annuity product. The alleged damages are $33,000. This case is currently pending.
- Case 2 (May 18, 2023): A customer initiated an arbitration claim alleging excessive and unsuitable securities trading from 2015 to 2021, as well as inadequate supervision by the brokerage firm. While no specific damages were listed, the firm determined that the alleged damages could exceed $5,000. This case is also pending.
Allegations Against Timothy Farris
- Customer Dispute Allegations:
- Case 1 (May 22, 2024): The client alleges that Mr. Farris provided unsuitable investment advice and failed to invest the portfolio’s funds appropriately, resulting in alleged damages of $33,000.
- Case 2 (May 18, 2023): The client alleges that Mr. Farris engaged in excessive and unsuitable securities trading and that the supervision of the account was inadequate over a period from 2015 to 2021. The damages are potentially greater than $5,000.
Timothy Farris Red Flags & Your Rights As An Investor
Of course, Timothy Farris did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Timothy Farris at Cetera Advisors LLC on alert to review carefully the activity and performance of their accounts and question whether Timothy Farris has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Cetera Advisors LLC also raises questions about the brokerage firm’s supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At Cetera Advisors LLC Due To Timothy Farris
If you have questions about Cetera Advisors LLC and/or Timothy Farris and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.
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