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Investor Claims Timothy Jennings Recommended an Unsuitable Investment Strategy

Mar 25, 2022 Unsuitable Investments

Timothy Jennings (CRD #: 4553681), a broker and investment advisor registered with Morgan Stanley, is involved in an unsuitability dispute according to his BrokerCheck record, accessed on March 12, 2022.  

According to the allegations filed on November 9, 2021, Timothy Jennings recommended that his client open a managed account which led to all of the client's stocks being liquidated. The investor claims Timothy Jennings' recommendation was not in her best interest. 

FINRA Rule 2111

Financial advisors must consider the factors listed below when providing advice to investors. 

  • The investor's tax status
  • The investor's goals for investing
  • The investor's tolerance risk

According to FINRA Rule 2111, brokers may be liable for investor unsuitability claims if they fail to take the four factors listed above into account and recommend unsuitable investment strategies

If you lost money due to a broker’s unsuitable recommendations, do not hesitate to contact an experienced securities attorney as soon as possible. Kurta Law is a nationally recognized securities law firm with over 25 years of experience litigating securities fraud cases.

Background Information

Timothy Jennings 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 6 - Investment Company Products/Variable Contracts Representative Examination

Timothy Jennings is a registered broker in 38 states and a registered investment advisor in Texas, Connecticut, and Texas. 

Besides Morgan Stanley, Timothy Jennings has also worked with the following firms:

  • Merrill Lynch, Pierce, Fenner & Smith Incorporated (CRD#:7691)
  • CCO Investment Services Corp. (CRD#:39550)
  • Banc Of America Investment Services (CRD#:16361)
  • First Command Financial Planning (CRD#:3641)
  • First Command Bank (CRD#:128851)

Kurta Law Can Help

If you worked with Timothy Jennings and have concerns about your investments, 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.