Timothy John Sherer (CRD #833618) Has Regulatory and Customer Dispute Disclosures on FINRA BrokerCheck
Timothy John Sherer (CRD #833618) has been the subject of disclosure events, which have recently been reported on his FINRA BrokerCheck Report. According to Timothy John Sherer’s FINRA BrokerCheck report accessed on January 22, 2026, Timothy John Sherer has been the subject of two regulatory events, one employment separation, and nine customer disputes. If you invested with Timothy John Sherer and you have concerns about his activity, keep reading.
BrokerCheck link: BrokerCheck
BrokerCheck report: BrokerCheck Report (PDF)
Regulatory Action(s)
Timothy Sherer’s FINRA BrokerCheck Report reflects two regulatory disclosures. A summary of the disclosures is below:
On August 6, 2002, FINRA’s predecessor (NASD) initiated a regulatory action alleging that Timothy Sherer participated in private securities transactions involving promissory notes without providing prior written notice to, and receiving written approval from, his member firm. The matter was resolved through an Offer of Settlement, and the disclosure reflects Timothy Sherer was fined $37,000 and suspended for six months (April 7, 2003 through October 6, 2003).
On March 1, 1988, the California Department of Insurance reported a regulatory event alleging misrepresentation in connection with an insurance transaction. The disclosure reflects a restricted license sanction was imposed, and Timothy Sherer’s BrokerCheck report states the restriction was removed on August 8, 1991.
Employment Separation
Timothy Sherer’s FINRA BrokerCheck Report reflects one employment separation disclosure. A summary of the disclosure is below:
The disclosure states that on December 27, 2002, Timothy Sherer was permitted to resign from MetLife Securities Inc. after the firm alleged he entered a settlement agreement with the NASD in which he was suspended for six months.
Investor Disputes / Customer Complaints
Timothy Sherer’s FINRA BrokerCheck Report reflects nine customer dispute disclosures. Below are two examples of disputes reported on BrokerCheck, followed by a note about the remaining disclosures:
On November 14, 2025, a customer alleged violations of federal and California securities laws, unsuitable recommendations, and misrepresentations and omissions of material fact related to 2021 activity. The product type listed on the disclosure is Real Estate Security. The matter is pending, and the disclosure notes the claimant seeks compensatory damages and other relief.
On October 3, 2025, a customer alleged breach of contract, misrepresentation, breach of fiduciary duty, and a violation of Regulation Best Interest in connection with a Real Estate Security investment. The matter is pending, and the disclosure states the claimants seek an award between $500,000 and $1,000,000, plus interest, costs, and attorneys’ fees.
In addition to the two disputes summarized above, Timothy Sherer’s BrokerCheck report reflects seven additional customer dispute disclosures.
Rule summary #1: FINRA Rule 3280 (Private Securities Transactions of an Associated Person)
FINRA Rule 3280 generally requires associated persons to provide written notice to their firm before participating in private securities transactions, so the firm can evaluate the activity and determine whether to prohibit it, approve it, or supervise it under the rule’s requirements.
Rule link: FINRA Rule 3280
Rule summary #2: FINRA Rule 2010
FINRA Rule 2010 is a broad, principles-based rule requiring members and associated persons to observe high standards of commercial honor and just and equitable principles of trade. FINRA frequently cites Rule 2010 in matters involving unethical conduct.
Rule link: FINRA Rule 2010
Why this Matters to Investors (Regulation Best Interest)
Regulation Best Interest (Reg BI) is a U.S. securities regulation designed to strengthen the standard of conduct that broker-dealers owe to retail investors when making recommendations about securities transactions or investment strategies. Adopted by the U.S. Securities and Exchange Commission and effective as of June 30, 2020, Reg BI aims to enhance investor protection while preserving investor access to brokerage products and services.
Reg BI requires broker-dealers and financial advisors to act in the best interest of the retail customer at the time a recommendation is made, and not to place their own financial or other interests ahead of the customer’s. This represents a higher standard than the historical “suitability” requirement, which only required that recommendations be suitable, not necessarily optimal or conflict-free.
Reg BI is built around four key obligations:
- Disclosure Obligation – Broker-dealers must disclose material facts about the relationship and recommendations, including fees, scope of services, and conflicts of interest.
- Care Obligation – Recommendations must be made with reasonable diligence, care, and skill, considering costs, risks, and alternatives.
- Conflict of Interest Obligation – Firms must identify, disclose, and mitigate or eliminate conflicts, particularly those that create incentives to favor one product over another.
- Compliance Obligation – Firms must establish policies and procedures designed to ensure compliance with Reg BI as a whole.
Importantly, Reg BI applies at the recommendation level, not as a continuous duty like the fiduciary standard applicable to registered investment advisers. Still, it significantly narrows the gap by emphasizing cost considerations, conflict management, and investor-focused decision-making.
Overall, Regulation Best Interest seeks to promote transparency, improve the quality of investment recommendations, and reinforce trust between retail investors and broker-dealers in the U.S. securities markets.
Background Information (from BrokerCheck)
Based on his BrokerCheck Report, Timothy Sherer:
- Is currently registered with Emerson Equity LLC.
- Has passed the Securities Industry Essentials (SIE), Series 7, Series 24, Series 65, and Series 63 exams.
- Was previously registered with firms that include Sandlapper Securities, LLC, SCF Securities, Inc., and J P Turner & Company Capital Management, LLC.
Kurta Law Can Help
If you have worked with Timothy Sherer and you have concerns about his activity, Kurta Law may be able to help you evaluate potential recovery options. You may be entitled to pursue a claim through FINRA arbitration, depending on the facts of your situation and the investments involved. Contact Kurta Law at 877-600-0098 or info@kurtalawfirm.com for a free consultation.
Helpful resources: Unsuitable Investments | Misrepresentation and Omission
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