Advisor Alert: Our Attorneys Are Investigating Timothy Allen Thelen For Investment Fraud
Did You Lose Money Because of Tim Thelen?
Filed: March 4, 2024
Timothy Thelen (also known as Tim Thelen) currently has two (2) pending customer complaints and five (5) pending judgment/lien events. Overall, he has been the subject of nine (9) customer complaints and five (5) pending judgment/lien events. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on Timothy Allen Thelen.
Who Is Timothy Allen Thelen?
- Advisor Name: Timothy Allen Thelen
- Aliases: Timothy Allen Thelan, Tim Thelen
- CRD: 1924966
- Location: Whiting, Indiana
- Current Employer: Currently Not Registered
- Previous Firms: American Trust Investment Services, Inc., Aeon Capital Inc, and Accelerated Capital Group
- Number of Known Customer Complaints: 9
- Number of Known Judgment/Lien Events: 5
- Can Timothy Thelen Be Sued: Yes, in Private Arbitration
- Can Timothy Thelen’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $1,000,000
- Highest Settlement: $22,500
If you have suffered investment losses by Timothy Thelen, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a failure to supervise lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against Tim Thelen For Broker Misconduct
As of this publication date, Timothy Thelen has been the subject of 9 customer disputes and 5 judgment/lien events. Let’s review them below.
In August 2023, a FINRA arbitration was filed against or in reference to Timothy Thelen by a customer of Aeon Capital Inc alleging suitability, failure to conduct due diligence, breach of contract, violation of regulation bi, negligence and gross negligence, misrepresentation, and elder abuse. Per the customer, he/she lost over $500,000 because of Mr. Thelen’s actions. As of this publication date, this claim remains pending.
In May 2023, a FINRA arbitration was filed against or in reference to Timothy Thelen by a customer of Aeon Capital Inc alleging misrepresentation; failure to conduct due diligence; breach of contract; breach of fiduciary duty; failure to supervise; negligence; violation of FINRA rules; violation of securities law; elder abuse; and violation of Reg-bi. Per the customer, he/she lost over $1,000,000 because of Mr. Thelen’s actions. As of this publication date, this claim remains pending.
In October 2019, a FINRA arbitration was filed against or in reference to Timothy Thelen by multiple customers of Accelerated Capital Group (through 2017) – Aeon Capital Inc (Jan 18 – present) alleging breach of fiduciary duty, and negligence in reference to private placements offerings the claimants purchased. Per the customers, they lost over $620,000 because of Mr. Thelen’s actions. On October 13, 2021, Mr. Thelen settled the claim for $150,000, and some or all of this amount may have been paid by Mr. Thelen’s employer and/or insurance carrier.
In August 2018, a complaint was filed against or in reference to Timothy Thelen by a customer of Aeon Capital Inc alleging breach of fiduciary duty – Private Placement of Tout, Inc in January 2018.
In August 2018, a complaint was filed against or in reference to Timothy Thelen by a customer of Accelerated Capital Group and Aeon Capital Inc alleging breach of fiduciary duty – Certain Private Placements made in 2017 and 2018.
In February 2016, Timothy Thelen was the subject of a civil judgment or lien in the amount of $305,766. In general, judgment liens are court rulings that give a creditor the right to take possession of a debtor’s property when the debtor has failed to fulfill his or her contractual obligations. Sometimes, these types of disclosures reflect IRS judgments, tax liens, and/or civil judgments against a financial advisor.
In February 2012, Timothy Thelen was the subject of a civil judgment or lien in the amount of $15,225.19. In general, judgment liens are court rulings that give a creditor the right to take possession of a debtor’s property when the debtor has failed to fulfill his or her contractual obligations. Sometimes, these types of disclosures reflect IRS judgments, tax liens, and/or civil judgments against a financial advisor.
In September 2010, a complaint was filed against or in reference to Timothy Thelen by a customer of Next Financial Group alleging that the product was not explained appropriately. Per the customer, he/she lost over $7,920 because of Mr. Thelen’s actions.
In December 2009, Timothy Thelen was the subject of a civil judgment or lien in the amount of $5,160. In general, judgment liens are court rulings that give a creditor the right to take possession of a debtor’s property when the debtor has failed to fulfill his or her contractual obligations. Sometimes, these types of disclosures reflect IRS judgments, tax liens, and/or civil judgments against a financial advisor.
In May 2008, a complaint was filed against or in reference to Timothy Thelen by a customer of Next Financial Group alleging that Mr. Thelen charged excessive brokerage commissions and surrender charges. Per the customer, he/she lost over $15,900 because of Mr. Thelen’s actions.
In September 2007, Timothy Thelen was the subject of a civil judgment or lien in the amount of $4,000. In general, judgment liens are court rulings that give a creditor the right to take possession of a debtor’s property when the debtor has failed to fulfill his or her contractual obligations. Sometimes, these types of disclosures reflect IRS judgments, tax liens, and/or civil judgments against a financial advisor.
In March 2007, a complaint was filed against or in reference to Timothy Thelen by a customer of Berthel Fisher & Company alleging that the investments was unsuitable for the client’s age. Per the customer, he lost over $113,312.72 because of Mr. Thelen’s actions. On February 1, 2008, Mr. Thelen settled the claim for $20,000, and some or all of this amount may have been paid by Mr. Thelen’s employer and/or insurance carrier.
In March 2006, a complaint was filed against or in reference to Timothy Thelen by a customer of Berthel Fisher & Company Financial Services, Inc. alleging that Mr. Thelen did not follow investment instructions or provide adequate documentation of his transactions. Per the customer, he lost over $56,000 because of Mr. Thelen’s actions. On February 26, 2007, Mr. Thelen settled the claim for $22,500, and some or all of this amount may have been paid by Mr. Thelen’s employer and/or insurance carrier.
In August 2005, Timothy Thelen was the subject of a civil judgment or lien in the amount of $8,766.34. In general, judgment liens are court rulings that give a creditor the right to take possession of a debtor’s property when the debtor has failed to fulfill his or her contractual obligations. Sometimes, these types of disclosures reflect IRS judgments, tax liens, and/or civil judgments against a financial advisor.
How To File A Claim Against Tim Thelen (previously with American Trust Investment Services, Inc., Aeon Capital Inc, and Accelerated Capital Group) To Get Your Money Back
If you have questions about Tim Thelen, American Trust Investment Services, Inc., Aeon Capital Inc, Accelerated Capital Group, or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll-free at 1-800-950-6553.