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Timothy Claypool Resigns from Northwestern Mutual Investment Services

Jan 28, 2022 Employment

Timothy Claypool (CRD #: 4729794) was recently permitted to resign from his position at Northwestern Mutual Investment Services, according to his BrokerCheck record, accessed on January 6, 2022.  Details surrounding his resignation have been provided below. 

Resignation Details 

On October 28, 2021, Timothy Claypool was permitted to resign from his position at Pickwick Capital Partners following allegations:  

  1. Unsuitable sales activity related to a variable annuity contract 
  2. Conducting potentially unsuitable discretionary investment account trades for the purpose of generating commissions. 

FINRA Rule 2111: Suitability

Brokers must consider the factors listed below when recommending investments to investors. 

  • The investor's current financial state and tax status  
  • The investor's financial goals   
  • The investor's risk tolerance  

According to FINRA Rule 2111, brokers may be liable for investor unsuitability claims if they fail to take the factors listed above into account and recommend investments that are not suitable. A broker must have exercised due diligence and have an adequate reason for believing that an investment will be suitable or beneficial for the investor. 

Civil Lien 

On August 15, 2016, Timothy Claypool was the subject of a civil lien amounting to $8,613.  

Background Information 

Timothy Claypool has passed the following exams: 

  • Series 66 - Uniform Combined State Law Examination 
  • SIE - Securities Industry Essentials Examination 
  • Series 7 - General Securities Representative Examination 

Timothy Claypool has also worked with the following firms: 

  • Farmers Financial Solutions (CRD#:103863) 
  • Edward Jones (CRD#:250) 
  • Raymond James Financial Services (CRD#:6694) 
  • Merrill Lynch, Pierce, Fenner & Smith Incorporated (CRD#:7691 

Kurta Law Can Help 

If you lost money while working with Timothy Claypool, don't hesitate to contact us today at 877-600-0098 or 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 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.