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Dale Timmermann Named in Dispute Involving Suitability and Negligence

Nov 28, 2022 Unsuitable Investments

Dale Timmermann (CRD #: 2423919), a broker registered with Moloney Securities Company, is the subject of a pending dispute, according to his BrokerCheck record, accessed on November 16, 2022. Read on if you have questions about Dale Timmermann’s conduct as a broker.

Investor Dispute

On August 22, 2022, an investor named Dale Timmermann in a dispute involving negligence and suitability. The investor seeks $100,000 in this pending dispute.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to recommend securities that sufficiently suit an investor’s financial goals. Brokers must take into account the investor’s profile, which describes their age, tax status, and other characteristics.

Investors who rely on brokers for investment recommendations can seek out FINRA arbitration and potentially recover their losses.

What qualifies as broker negligence?

Many types of broker misconduct can qualify as negligent, ranging from unsuitable investment recommendations to excessive or unauthorized trading.

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

Dale Timmermann has passed the following exams:

  • Series 63 – Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination

Dale Timmermann is a registered broker in seven states.

He has also worked for Hancock Securities Group (CRD#:103260) and D.R. Hancock & Company (CRD#:10610).

Kurta Law Can Help

If you worked with Dale Timmermann 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.