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Investor Alleges Brent Timm Misrepresented Variable Annuity and Insurance Policies

Brent Timm (CRD #: 1995506), a broker registered with Parkland Securities, allegedly misrepresented several investment products, according to his BrokerCheck record, accessed on January 31, 2023. If you have questions about his alleged conduct as a broker, keep reading.

Investor Dispute

On November 9, 2022, an investor alleged that Brent Timm misrepresented a variable annuity and several insurance policies in 2020. This dispute was denied by the firm.

Investors should be aware, however, that firms can deny disputes without allowing an outside review. Investors may be able to recover their funds by pursuing FINRA arbitration after a denial.

FINRA Rule 2020

FINRA Rule 2020 bans the use of manipulation, deception, and other unethical means of influencing investors’ decisions. The misrepresentation or omission of material facts violates this rule.

What are variable annuities?

Variable annuities are complex investments. These policies can decline in value depending on the performance of the underlying security. Surrender charges, tax penalties, and other fees can make these policies unsuitable.

Background Information

Brent Timm has passed the following exams:

  • Series 63 – Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 6 – Investment Company Products/Variable Contracts Representative Examination

Brent Timm is a registered broker in Arizona, Colorado, Florida, and Texas.

He has also worked for the following firms:

  • SunAmerica Securities (CRD#:20068)
  • Advantage Capital (CRD#:146)
  • Pruco Securities (CRD#:5685)
  • The Prudential Insurance Company of America (CRD#:680)

Kurta Law Can Help

If you worked with Brent Timm and you have concerns about your investments, please contact us today at 877-600-0098 or for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.