Timothy Neil Tremblay (CRD #1201542) Has Regulatory and Customer Dispute Disclosures on FINRA BrokerCheck

Timothy Neil Tremblay (CRD #1201542) is a broker with regulatory and customer dispute disclosures on FINRA BrokerCheck. We reviewed his BrokerCheck report on June 10, 2026. It reflects one regulatory event and 15 customer disputes. If you invested with Timothy Neil Tremblay and have concerns, keep reading.

BrokerCheck link: BrokerCheck

BrokerCheck report: BrokerCheck Report (PDF)

Regulatory Action(s)

Timothy Tremblay’s FINRA BrokerCheck Report reflects one regulatory event. A summary of the event is below:

On February 7, 2025, the SEC issued a final order involving Centaurus Financial, Inc. and Timothy Tremblay. The order also named several other registered representatives. The order stated they did not comply with Reg BI when recommending GWG L Bonds to 18 retail customers. The SEC said L Bonds involved a high degree of risk and could be speculative. It also said the respondents lacked a reasonable basis for those recommendations. The order imposed a cease-and-desist order and censure. Timothy Tremblay’s FINRA BrokerCheck Report lists a $12,500 civil penalty. It also lists $6,060.50 in disgorgement and $1,454.99 in prejudgment interest.

Investor Disputes / Customer Complaints

Timothy Tremblay’s FINRA BrokerCheck Report reflects 15 customer dispute disclosures. The two most recent pending disputes are summarized below. The report lists 13 additional customer disputes.

On April 17, 2026, a customer alleged that Timothy Tremblay recommended corporate debt in August 2020. The customer described it as unsuitable, high-risk, and illiquid. The customer requested $105,000 in damages. The matter is pending. In the report, Tremblay denied wrongdoing and said the investment was in the customer’s best interest.

On April 10, 2026, customers alleged that Timothy Tremblay recommended a high-risk and illiquid corporate debt investment. They requested $75,000 in damages. The matter is pending. Tremblay denied wrongdoing and said the recommendations were suitable.

Rule Summary #1: FINRA Rule 2111 (Suitability)

FINRA Rule 2111 requires a reasonable basis for each recommendation. A broker must consider the investor’s profile, including risk tolerance, time horizon, and liquidity needs.

Rule Summary #2: FINRA Rule 2010 (Standards of Commercial Honor)

FINRA Rule 2010 requires high standards of commercial honor and just and equitable principles of trade. It may apply when broker conduct raises fairness or honesty concerns.

Why This Matters to Investors (Regulation Best Interest)

Regulation Best Interest (Reg BI) is a U.S. securities regulation. It strengthens the standard of conduct that broker-dealers owe to retail investors. It applies when they recommend securities transactions or investment strategies. The U.S. Securities and Exchange Commission adopted Reg BI. It became effective on June 30, 2020. Reg BI aims to protect investors while preserving access to brokerage products and services.

Reg BI requires broker-dealers and financial advisors to act in a retail customer’s best interest at the time of a recommendation. They must not place their own financial or other interests ahead of the customer’s. This standard is higher than the older “suitability” rule. Suitability meant a recommendation only had to be appropriate. It did not have to be the best option or free of conflicts.

Disclosure Obligation – Broker-dealers must disclose material facts about the relationship and the recommendation. This includes fees, the scope of services, and conflicts of interest.

Care Obligation – Broker-dealers must use reasonable diligence, care, and skill. They must consider costs, risks, and alternatives when making a recommendation.

Conflict of Interest Obligation – Firms must identify conflicts of interest. They must disclose them and mitigate or eliminate them. This includes conflicts that create incentives to favor one product over another.

Compliance Obligation – Firms must maintain policies and procedures. Those policies should be designed to ensure compliance with Reg BI as a whole.

Reg BI applies to each recommendation. It is not a continuous duty like the fiduciary standard for registered investment advisers. Even so, it narrows the gap. It puts more focus on costs, conflicts, and investor-focused decision-making.

Overall, Regulation Best Interest promotes transparency. It also aims to improve the quality of investment recommendations. It is designed to reinforce trust between retail investors and broker-dealers in the U.S. securities markets.

Background Information (from BrokerCheck)

Based on Timothy Tremblay’s FINRA BrokerCheck report, Timothy Tremblay:

Is currently registered with Centaurus Financial, Inc.

Has passed the Securities Industry Essentials (SIE) exam. Timothy Tremblay has passed Series 7 and Series 24. He has also passed Series 65 and Series 63.

Was previously registered with firms that include Washington Square Securities, Inc. He was also registered with Cruttenden Roth Incorporated, Smith Barney Inc., Prudential Securities Incorporated, and PaineWebber Incorporated.

Kurta Law Can Help

If you worked with Timothy Tremblay and have concerns, Kurta Law may be able to review your legal options. To speak with Kurta Law, call 877-600-0098 or email info@kurtalawfirm.com.

Helpful resources: Securities Attorney | Unsuitable Investments

For nearly 20 years, Kurta Law has advocated for investors and helped hold financial professionals accountable. Our firm represents clients nationwide in securities arbitration and related disputes. An attorney can review the facts and explain possible next steps.