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Did Timothy Judson Recommend Unsuitable Products?

Timothy Judson (CRD #: 709195), a broker registered with Osaic Wealth, is the subject of an investor dispute, according to his BrokerCheck record, accessed on September 20, 2023. If you have concerns regarding his alleged conduct as a broker, keep reading. 

On July 21, 2023, investors alleged that Timothy Judson recommended two unsuitable products that were not in keeping with their investment needs and objectives. The investors are seeking $100,000. 

Investors should know that there are two other investor disputes on his record. 

FINRA Rule 2111 – Unsuitable Investments 

FINRA Rule 2111 defines suitable investments as securities that fit an investor’s profile. Investor profiles have information on the investor’s age, risk tolerance, tax status, and financial goals. 

  • Investments can be unsuitable because they are high-risk and likely to lose money.
  • Securities may also be unsuitable because they are illiquid, meaning that they are intended to be held for an extended time, and investors may have to pay high fees to cash out.
  • Securities can be quantitatively unsuitable, which means the broker executed an excessive number of trades. The number of trades increases the transaction fees, and these fees cut into the returns for the investor. 
  • These requirements apply to the overall investment strategy as well as the investments themselves. For instance, an investment strategy might be unsuitable if the securities are overconcentrated in a particular stock or sector.

Investors who rely on brokers for investment recommendations can pursue FINRA arbitration to recover their losses.

Background Information 

Timothy Judson 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 51 Municipal Fund Securities Principal Examination 
  • Series 24 General Securities Principal Examination 

He is a registered broker in 28 states and D.C. He is a registered investment adviser in Virginia. 

Timothy Judson has registered with the following firms: 

  • Osaic Wealth (CRD #: 23131) 
  • Integrated Resources Equity Corporation (CRD #: 6403) 
  • Derand Investment Corporation of America (CRD #: 4679) 

Kurta Law Can Help

If you worked with Timothy Judson and 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.