DID TIMOTHY DEAN SEMLICK CAUSE YOU INVESTMENT LOSSES?
Timothy Semlick was recently fired from Charles Schwab & Co, Inc. for failing to comply with the firm’s Client Communications Procedures and Guidelines policy
Who is Timothy Semlick formerly with Charles Schwab Co, Inc.?
Timothy Semlick (CRD #5019143) who was formerly registered as a broker with Charles Schwab Co, Inc. and located in Vancouver, Washington, is a subject of one of our many securities industry sales practice abuse investigations.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Timothy Semlick Employment History and Termination
- Timothy Dean Semlick has worked for three securities firms over his career: Charles Schwab & Co., Inc. (2011–2024), Wells Fargo Advisors, LLC (2008–2011), and A.G. Edwards & Sons, Inc. (2005–2008).
- He has passed two general industry/product exams (Securities Industry Essentials Examination and Series 7) and one multi-state securities law exam (Series 66).
- While at Charles Schwab, Semlick served as a Vice President-Financial Consultant. His tenure ended with a termination related to non-compliance with firm policies. In his career, he has faced one customer dispute and one termination, making his record notable for prospective clients to evaluate.
- Semlick worked at Charles Schwab & Co., Inc. from 2011 to 2024. During this time, he held the position of Vice President-Financial Consultant. However, he was discharged in October 2024 for failing to adhere to the firm’s Client Communications Procedures and Guidelines policy. This information is publicly accessible through regulatory channels to promote transparency and investor trust.
- Previously, Semlick was employed at Wells Fargo Advisors, LLC, and A.G. Edwards & Sons, Inc., where he gained significant experience in financial consulting and securities trading.
Negative Disclosures Summary
Timothy Semlick has two disclosure events:
- Customer Dispute:
- Date: May 16, 2008
- Firm: Wachovia Securities, LLC
- Complaint: The customer alleged that they were misadvised about the liquidity of auction rate securities (ARS), claiming unspecified damages exceeding $5,000.
- Outcome: The case was settled on August 15, 2008, for $100,000. Semlick did not contribute to the settlement amount, as the resolution was part of a firm-wide agreement to repurchase ARS at par value.
- Employment Termination:
- Date: October 18, 2024
- Firm: Charles Schwab & Co., Inc.
- Reason: Discharged for failing to comply with the firm’s Client Communications Procedures and Guidelines policy.
Allegations and Accusations
Timothy Semlick’s disclosures include one customer dispute and one employment termination. Specific allegations from the customer dispute involved the sale of auction rate securities with liquidity misrepresentations. The employment termination cited policy non-compliance at Charles Schwab & Co., Inc. These events are publicly documented for transparency purposes
Timothy Semlick Red Flags & Your Rights As An Investor
Regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint was filed, the termination of Timothy Semlick is a red flag which should put all current and former customers of Timothy Semlick at Charles Schwab Co, Inc. on alert to review carefully the activity and performance of their accounts and question whether Timothy Semlick engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Charles Schwab Co, Inc. 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 Charles Schwab Co, Inc. Due To Timothy Semlick
If you have questions about Charles Schwab Co, Inc. and/or Timothy Semlick 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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