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Tim Hines Allegedly Executed Unauthorized Trades

Tim Hines (CRD #: 2341837), a broker registered with Merrill Lynch, Pierce, Fenner & Smith, allegedly executed unauthorized trades, according to his BrokerCheck record, accessed on November 1, 2024. Keep reading if you want to know more about his alleged conduct as a broker.

Investor Dispute

On August 19, 2024, an investor alleged that Tim Hines executed unauthorized trades in their accounts. This dispute is pending.

FINRA Rule 3260

Unauthorized trading violates FINRA Rule 3260, which limits brokers to exercising their trading discretion in pre-approved discretionary accounts.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Violations of many other rules may also qualify as violations of FINRA Rule 2010.

Background Information

Tim Hines 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 31 – Futures Managed Funds Examination
  • Series 7 – General Securities Representative Examination

Tim Hines is a registered broker in 36 states and a registered investment adviser in California, Illinois, and Texas.

Kurta Law Can Help

If you worked with Tim Hines 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 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. 

 

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