Timothy Hucks Named in Dispute Involving Unsuitable GWG Holdings Investment

Timothy Hucks (CRD #: 1023012), a broker registered with Capital Investment Group, is involved in a pending dispute, according to his BrokerCheck record, accessed on December 26, 2022. Investors may have also worked with him through Capital Investment Advisory Services or Wilbanks, Smith & Thomas Asset Management. If you have questions about his alleged conduct as a broker, keep reading.

Investor Dispute

On November 7, 2022, an investor named Timothy Hucks in a dispute alleging the unsuitability of an investment in GWG Holdings. The investor seeks $99,000 in this pending dispute.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to recommend securities that sufficiently suit an investor’s financial goals. Brokers must take into account the investor’s profile, which describes their tax status, risk tolerance, and other characteristics.

Investors who rely on brokers for recommendations may be able to recover their losses by seeking out FINRA arbitration.

Background Information

Timothy Hucks 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 7 – General Securities Representative Examination
• Series 22 – Direct Participation Programs Representative Examination
• Series 6 – Investment Company Products/Variable Contracts Representative Examination
• Series 24 – General Securities Principal Examination

Timothy Hucks is a registered broker in Florida, North Carolina, and the District of Columbia. He is also a registered investment adviser in North Carolina.

He has also worked for the following firms:

• Programmed Equities Corporation (CRD#:21778)
• Securities Services Network (CRD#:13318)
• PML Securities Company (CRD#:4082)
• Lowry Financial Services Corporation (CRD#:7291)
• John Hancock Distributors (CRD#:468)

Kurta Law Can Help

If you worked with Timothy Hucks 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.