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Investors Allege Timothy Darragh Engaged in Unjust Enrichment

Securities Lawyer Jonathan Kurta
By: Jonathan Kurta Author
August 8, 2025 at 6:46pm

Timothy Darragh (CRD #: 1897635), a broker registered with Stifel, Nicolaus & Company, is involved in a pending investor dispute, according to his BrokerCheck record, accessed on July 5, 2025. Read on if you have questions about his alleged conduct as a broker.

Investor Dispute

On April 25, 2025, multiple investors filed a dispute alleging that Timothy Darragh engaged in unjust enrichment and negligence, and violated the Illinois Consumer Fraud and Deceptive Practices Act with regard to trust accounting. This dispute is currently pending.

FINRA Rule 2150

FINRA Rule 2150 prohibits the improper use of investors’ funds.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

What is broker negligence?

Broker negligence can take on many forms, ranging from omissions of material fact to unsuitable investment recommendations and excessive trading.

Investors who believe their losses are the result of broker negligence may be able to recover their funds through FINRA arbitration.

Background Information

Timothy Darragh has passed the following exams:

  • Securities Industry Essentials Examination – SIE

  • General Securities Representative Examination – Series 7

  • Uniform Investment Adviser Law Examination – Series 65

  • Uniform Securities Agent State Law Examination – Series 63

Timothy Darragh is a registered broker in 23 states and a registered investment adviser in Illinois and Texas.

He has also worked for the following firms:

  • Credit Suisse Securities (USA) (CRD#:816)

  • Donaldson Lufkin & Jenrette Securities Corporation (CRD#:7560)

  • Chase Securities (CRD#:18718)

  • Hambrecht & Quist (CRD#:940)

  • Alex. Brown & Sons (CRD#:20)

  • PaineWebber (CRD#:8174)

  • Investors Center (CRD#:14670) 

Kurta Law Can Help

If you worked with Timothy Darragh 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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