Timothy Portelance is the Subject of an Investor Dispute

Timothy Portelance (CRD #: 2227106), a broker registered with Raymond James Financial Services, is the subject of an investor dispute. This dispute appears on his BrokerCheck record, accessed on March 1, 2023. Keep reading if you have questions concerning his alleged conduct. 

Investor Dispute

On November 20, 2023, investors alleged that Timothy Portelance improperly allowed one claimant’s nephew to use an allegedly invalid Power of Attorney to transfer funds to a joint account held by the claimant and the nephew. The claimant allegedly cannot access this account. 

The investor is seeking $277,334.15. 

High Standards of Commercial Honor 

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Allowing access to an account with an invalid POA violates this rule. 

Background Information 

Timothy Portelance has passed the following exams:

• Series 66 Uniform Combined State Law Examination
• 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 

He is a registered broker in nine states and is a registered investment adviser in North Carolina. 

During his 31 years of experience, Timothy Portelance has registered with six firms: 

• Raymond James Financial Services (CRD #: 6694) 
• Raymond James Financial Services Advisors (CRD #: 149018) 
• Edward Jones (CRD #: 250) 
• Planco Financial Services (CRD #: 8326) 
• First Union Brokerage Services (CRD #: 8112) 
• J.C. Bradford & Co. (CRD #: 1287) 

Kurta Law Can Help 

If you have worked with Timothy Portelance and have concerns about your investments, do not hesitate to contact us 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 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. Do not let securities fraud go unchecked. Start your recovery process today.