Timothy Robert Conley (CRD #5264443) Has Employment Separation and Financial Disclosures on FINRA BrokerCheck

Timothy Robert Conley (CRD #5264443) is a broker. FINRA BrokerCheck shows employment separation and financial disclosures. We reviewed his BrokerCheck report on June 23, 2026. It reflects one employment separation disclosure and four financial disclosures. If you invested with Timothy Conley and have concerns, keep reading.

BrokerCheck link: BrokerCheck

BrokerCheck report: BrokerCheck Report (PDF)

Employment Separation

Timothy Conley’s FINRA BrokerCheck Report reflects one employment separation disclosure. A summary of the disclosure is below:

On April 30, 2026, Morgan Stanley reported that Timothy Conley voluntarily resigned. The firm reported concerns about a delay in updating Form U4 to reflect creditor compromises. Timothy Conley’s FINRA BrokerCheck report lists the product type as no product. The broker’s version lists the same termination type, date, and concern.

Financial Disclosures

Timothy Conley’s FINRA BrokerCheck Report reflects four financial disclosures. Summaries of two disclosures are below. Two additional financial disclosures remain listed in the report.

On July 12, 2023, Timothy Conley’s FINRA BrokerCheck report lists a final compromise with Wells Fargo. The original amount owed was $11,855.53. Wells Fargo accepted $4,742.21 in full satisfaction of the debt. This disclosure was satisfied and released on June 26, 2025.

On May 26, 2023, Timothy Conley’s FINRA BrokerCheck report lists a final compromise with Capital One. The original amount owed was $6,059.97. Capital One accepted $4,000 in full satisfaction of the debt. This disclosure was satisfied and released on September 10, 2025.

Rule Summary #1: FINRA Rule 1122 (Filing of Misleading Information as to Membership or Registration)

FINRA Rule 1122 bars members and associated persons from filing registration information that is incomplete or misleading. It also requires them to correct filings after notice. This rule can matter when Form U4 updates are at issue.

Rule Summary #2: FINRA Rule 4530 (Reporting Requirements)

FINRA Rule 4530 requires firms to report certain events to FINRA on time. Associated persons must also report covered events to the firm. This rule helps explain why disclosure timing can matter.

Why This Matters to Investors (Regulation Best Interest)

Regulation Best Interest (Reg BI) is a U.S. securities regulation. It strengthens the standard of conduct that broker-dealers owe to retail investors. It applies when they recommend securities transactions or investment strategies. The U.S. Securities and Exchange Commission adopted Reg BI. It became effective on June 30, 2020. Reg BI aims to protect investors while preserving access to brokerage products and services.

Reg BI requires broker-dealers and financial advisors to act in a retail customer’s best interest at the time of a recommendation. They must not place their own financial or other interests ahead of the customer’s. This standard is higher than the older “suitability” rule. Suitability meant a recommendation only had to be appropriate. It did not have to be the best option or free of conflicts.

Reg BI has four key obligations:

Disclosure Obligation – Broker-dealers must disclose material facts about the relationship and the recommendation. This includes fees, the scope of services, and conflicts of interest.

Care Obligation – Broker-dealers must use reasonable diligence, care, and skill. They must consider costs, risks, and alternatives when making a recommendation.

Conflict of Interest Obligation – Firms must identify conflicts of interest. They must disclose them and mitigate or eliminate them. This includes conflicts that create incentives to favor one product over another.

Compliance Obligation – Firms must maintain policies and procedures. Those policies should be designed to ensure compliance with Reg BI as a whole.

Reg BI applies to each recommendation. It is not a continuous duty like the fiduciary standard for registered investment advisers. Even so, it narrows the gap. It puts more focus on costs, conflicts, and investor-focused decision-making.

Overall, Regulation Best Interest promotes transparency. It also aims to improve the quality of investment recommendations. It is designed to reinforce trust between retail investors and broker-dealers in the U.S. securities markets.

Background Information (from BrokerCheck)

Based on his FINRA BrokerCheck report, Timothy Conley:

Is currently registered with Citigroup Global Markets Inc.

Has passed the Securities Industry Essentials (SIE) exam. Timothy Conley has passed Series 7 and Series 31. He has also passed Series 66.

Was previously registered with Morgan Stanley and, earlier, Citigroup Global Markets Inc.

Kurta Law Can Help

If you have worked with Timothy Conley and have concerns, Kurta Law may be able to help. The firm can evaluate your legal options. To speak with Kurta Law, call 877-600-0098 or email info@kurtalawfirm.com.

Helpful resources: Securities Attorney | What Is Securities Fraud?

For nearly 20 years, Kurta Law has advocated for investors and helped hold financial professionals accountable. Our firm represents clients nationwide in securities arbitration and related disputes. If you believe a broker or firm mishandled your account, an attorney can review the facts. The attorney can explain possible next steps.