Investors Allege Charles Timmerman Executed Unauthorized Trades

Charles Timmerman (CRD #: 4463425), a broker registered with U.S. Bancorp Investments, allegedly violated state law and executed unauthorized trades, according to his BrokerCheck record, accessed on June 1, 2023. If you want to know more about his alleged conduct as a broker, read on.

Pending Dispute

On March 15, 2023, several investors filed a dispute alleging that Charles Timmerman executed unauthorized trades, violated the Wisconsin Uniform Securities Law, breached his contract, and engaged in negligence from January to April 2022.

They seek $400,000 in damages in this pending dispute.

FINRA Rule 3260

FINRA Rule 3260 forbids brokers from conducting discretionary trading outside of accounts approved in advance by their client and firm.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

What are Blue Sky Laws?

Blue sky laws like the Wisconsin Uniform Securities Law are regulations that offer investors an extra layer of protection against securities fraud at the state level. They may also describe which types of investments must register with the state securities board.

What is broker negligence?

Brokers may act in many negligent ways, including executing unauthorized trades, misrepresenting material facts, or failing to supervise other brokers.

Investors who feel their losses are the result of broker negligence may be able to recover their funds by seeking out FINRA arbitration. 

Background Information

Charles Timmerman has passed the following exams:

• Series 65 – Uniform Investment Adviser Law Examination
• Series 63 – Uniform Securities Agent State Law Examination
• SIE – Securities Industry Essentials Examination
• Series 7 – General Securities Representative Examination
• Series 6 – Investment Company Products/Variable Contracts Representative Examination

Charles Timmerman is a registered broker in Wisconsin.

He has also worked for the following firms:

• J.P. Morgan Securities (CRD#:79)
• BMO Harris Financial Advisors (CRD#:137115)
• M&I Financial Advisors (CRD#:16517)
• M&I Investment Management Corporation (CRD#:109802)
• Northwestern Mutual Investment Services (CRD#:2881)

Kurta Law Can Help

If you worked with Charles Timmerman and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com 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.