Jared Tims is the Subject of Unuitable Energy Investment Recommendations
Jared Tims (CRD #: 4750626), a broker registered with Osaic FS, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on October 17, 2024. Keep reading if you have questions regarding his alleged conduct.
Investor Allegations
On August 30, 2024, an investor alleged that Jared Tims recommended an unsuitable oil and gas program. The investor is seeking $50,000.
What is an Unsuitable Investment?
FINRA Rule 2111, a.k.a. The Suitability Rule, requires brokers to tailor their investment recommendations to suit investors’ needs.
Rule 2111 also requires brokers to consider the following investor characteristics:
- Age
- Risk tolerance
- Time horizon (i.e., how long the investor plans to hold the investment)
- Investing experience
- Tax status
- Financial goals
Investments that do not fit the criteria established by the investor profile may be unsuitable. Investors who rely on brokers for recommendations may recover their losses by pursuing FINRA arbitration.
Background Information
Jared Tims has passed the following exams:
- Series 66 Uniform Combined State Law Examination
- SIE – Securities Industry Essentials Examination
- Series 7 General Securities Representative Examination
- Series 6 Investment Company Products/ Variable Contracts Representative Examination
He is a registered broker in 13 states and is a registered investment adviser in Louisiana and Texas.
Jared Tims has registered with four firms:
- Osaic FS (CRD #: 3870)
- Uvest Financial Services Group (CRD #: 13787)
- Argent Advisors (CRD #: 112028)
- Proequities (CRD #: 15708)
Kurta Law Can Help
If you worked with Jared Tims and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email info@kurtalawfirm.com for a free consultation.
For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that 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. Do not let securities fraud go unchecked. Start your recovery process today.