DID TIMOTHY JOSEPH SCANLON CAUSE YOU INVESTMENT LOSSES?
Timothy Scanlon Formerly With Independent Financial Group, LLC and Arque Capital, Ltd. Has 8 Customer Complaints For Alleged Broker Misconduct
Who is Timothy Scanlon formerly with Independent Financial Group, LLC?
Timothy Scanlon (CRD #1968597) who was formerly registered with Independent Financial Group, LLC and located in Scottsdale Arizona, is a subject of one of our many securities industry sales practice abuse investigations. He has not been registered since December 2023.Prior to Independent Financial Group, LLC, Timothy Scanlon was associated with Arque Capital, Ltd. and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems. Timothy Scanlon has also had problems with the regulators. He was previously censured and fined by the NASD now known as FINRA for allegedly exercising discretion in the account of a public customer, without written authorization from the customer or acceptance of the account is discretionary by his member firm.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Timothy Scanlon Customer Complaints
Timothy Scanlon has been the subject of 8 customer complaints that we know about seeking to recover investment losses. Seven of the customer complaints were settled by Timothy Scanlon’s former employer’s in favor of the investors for his alleged misconduct. There is currently one FINRA arbitration proceeding was against Ausdal Financial Partners for her Timothy Scanlon’s alleged misconduct that is still pending.
Allegations Against Timothy Scanlon
A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:
- Breach of fiduciary duty, breach of contract, negligence, and variation the various federal and state securities laws in connection with the offer and sale of GWG products.
- Exercise of discretion corporate accounts.
- Adviser exercised unauthorized discretion, and customer’s account.
- Failure to disclose deferred sales charges.
- Failure to conduct due diligence, unsuitable investment recommendations, which caused damages.
- Breach of contract and warranties, promissory estoppel, violation of state securities statutes, breach of fiduciary duty in various claims at common law related to alternative investments.
- Violation of federal securities laws, violations of the securities act of Arizona, violation of California securities laws, common law fraud, breach of fiduciary duty, negligence, and gross negligence related to alternative investments.
Timothy Scanlon Red Flags & Your Rights As An Investor
Of course, Timothy Scanlon 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 Scanlon at Independent Financial Group, LLC and Arque Capital, Ltd. on alert to review carefully the activity and performance of their accounts and question whether Timothy Scanlon has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Independent Financial Group, LLC and Arque Capital, Ltd. also raises questions about the brokerage firms’ 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 Independent Financial Group, LLC Due To Timothy Scanlon
If you have questions about Independent Financial Group, LLC, Arque Capital, Ltd. and/or Timothy Scanlon 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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