Timothy Richard Jones (CRD #2366513) Has Regulatory and Employment Separation Disclosures on FINRA BrokerCheck
Timothy Richard Jones (CRD #2366513) has been the subject of disclosures listed on FINRA BrokerCheck. Timothy Jones has one regulatory event and one termination disclosure. If you have worked with Timothy Richard Jones and you have concerns about his activity, keep reading.
BrokerCheck link: BrokerCheck
BrokerCheck report: BrokerCheck Report (PDF)
Regulatory Action
Timothy Jones’s FINRA BrokerCheck Report reflects one regulatory event disclosure. A summary of the event is below:
On November 24, 2025, FINRA initiated a regulatory action against Timothy Jones. Without admitting or denying the findings, Timothy Jones consented to the entry of findings that, between January 2023 and February 2024, he initiated 18 electronic transfers from his UBS brokerage account to make payments on a credit card issued by the firm’s affiliated bank while knowing his brokerage account lacked sufficient funds to cover the transfers. The disclosure states that the transfers reduced his credit-card balance below his credit limit, enabling him to spend $29,096 beyond his credit limit, and the transfers were eventually reversed due to insufficient funds. FINRA found that this conduct violated FINRA Rule 2010 and imposed an eight-month suspension and a $7,500 fine.
You can read a copy of the AWC here.
Employment Separation
Timothy Jones’s FINRA BrokerCheck Report reflects one termination disclosure. A summary of the disclosure is below:
On March 21, 2024, UBS Financial Services Inc. filed a Form U5 stating that Timothy Jones voluntarily resigned after the firm commenced an internal review due to a concern that he was circumventing firm systems to exceed his personal credit card spending limit.
Rule summary #1: FINRA Rule 2010 (Standards of Commercial Honor and Principles of Trade)
FINRA Rule 2010 requires broker-dealers and associated persons to observe high standards of commercial honor and just and equitable principles of trade. The rule is often cited in disciplinary matters involving conduct that FINRA deems unethical or inconsistent with the responsibilities of securities professionals, even when the conduct does not fit neatly into a more specific rule.
Rule summary #2: FINRA Rule 4530 (Reporting Requirements)
FINRA Rule 4530 requires member firms to promptly report specified events to FINRA, including certain disciplinary actions and conduct that may involve violations of securities laws or FINRA rules. These reporting obligations are intended to support regulatory oversight and help ensure that material events are disclosed in a timely manner.
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 Jones:
Is not currently registered.
Has passed the Securities Industry Essentials (SIE), Series 7, Series 6, Series 65, and Series 63 exams.
Was previously registered with firms that include UBS Financial Services Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated.
Kurta Law Can Help
If you have worked with Timothy Jones and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.
Helpful resources: FINRA Rule 2010 | FINRA Rule 4530 – Reporting Requirements
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