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Timothy Higgins Allegedly Failed to Appear for FINRA Testimony

Jun 10, 2022 FINRA Investigation

Timothy Higgins (CRD #: 2282547), a former broker, failed to appear for an on-the-record FINRA interview, according to his BrokerCheck record, accessed on June 6, 2022. Read on if you have questions about Timothy Higgins’s conduct as a broker.

Disciplinary Action by FINRA

On May 4, 2022, FINRA made a preliminary determination that disciplinary action be brought against Timothy Higgins for allegedly failing to appear for an on-the-record interview, violating FINRA Rules 8210 and 2010.

FINRA Rules 8210 and 2010

FINRA Rule 8210 requires members to comply with requests for testimony, as well as requests to inspect books and records.

Violations of Rule 8210 also qualify as violations of FINRA Rule 2010, which holds brokers to high standards of commercial honor and ethical conduct.

Settled Disputes

Timothy Higgins has seven investor disputes on his record. The disputes mentioned suitability and unauthorized transactions.

FINRA Rule 2111 and 3260

FINRA Rule 2111 defines suitable investments as those that adequately match an investor’s profile. Brokers must consider the information in investors’ profiles, such as their client’s tax status, age, and other investments.

FINRA Rule 3260 prohibits brokers from exercising their trading discretion outside of pre-approved discretionary accounts.

Investors who lose money through unsuitable investment recommendations or unauthorized trading can pursue FINRA arbitration to recover their losses.

Background Information

Timothy Higgins has passed the following exams:

  • Series 63 - Uniform Securities Agent State Law Examination
  • SIE - Securities Industry Essentials Examination
  • Series 7 - General Securities Representative Examination

In the past, he has worked for the following firms:

  • Spartan Capital Securities (CRD#:146251)
  • Clark Dodge & Company (CRD#:23288)
  • World Equity Group (CRD#:29087)
  • Andrew Garrett (CRD#:29931)
  • LH Ross & Company (CRD#:37920)
  • Continental Broker-Dealer Corporation (CRD#:14048)

Kurta Law Can Help

If you worked with Timothy Higgins 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 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.