Advisor Alert: Our Attorneys Are Investigating Tim David Hakes For Investment Fraud
Did You Lose Money Because of Tim Hakes?
Filed: March 4, 2024
Tim Hakes (also known as Tim Hakes) currently has one (1) pending customer complaint. Overall, he has been the subject of four (4) customer complaints. 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 Tim David Hakes.
Who Is Tim David Hakes of Prime Capital Investment Advisors, LLC and Private Client Service, LLC?
- Advisor Name: Tim David Hakes
- Aliases: Tim Hakes, Timothy David Hakes
- CRD: 2399374
- Location: Overland Park, Kansas
- Current Employer: Prime Capital Investment Advisors, LLC and Private Client Service, LLC
- Previous Firms: Fiduciary Investment Trusts, LLC, Cambridge Investment Research, Inc., and Lawing Financial Inc.
- Number of Known Customer Complaints: 4
- Can Tim Hakes Be Sued: Yes, in Private Arbitration
- Can Tim Hakes’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $400,000
- Highest Settlement: $11,000
If you have suffered investment losses by Tim Hakes, 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 Hakes For Broker Misconduct
As of this publication date, Tim Hakes has been the subject of 4 customer disputes. Let’s review them below.
In January 2024, a complaint was filed against or in reference to Tim Hakes by a customer of Cambridge Investment Research, Inc. alleging misappropriation of funds. As of this publication date, this claim remains pending.
In January 2010, a FINRA arbitration was filed against or in reference to Tim Hakes by a customer of The O.N. Equity Sales Company alleging that Mr. Hakes failed to follow instructions to place and maintain stop orders on three securities he owned. Per the customer, he lost over $57,448 because of Mr. Hakes’s actions. On December 15, 2010, Mr. Hakes settled the claim for $11,000, and some or all of this amount may have been paid by Mr. Hakes’s employer and/or insurance carrier.
In January 2003, a complaint was filed against or in reference to Tim Hakes by multiple customers of The O.N. Equity Sales Company alleging that Mr. Hakes made misrepresentations beginning in 1999 regarding the sale of variable annuities and mutual funds to them resulting in unsuitable purchases. Per the customers, they lost over $400,000 because of Mr. Hakes’s actions.
In July 2002, a complaint was filed against or in reference to Tim Hakes by a customer of The O.N. Equity Sales Company alleging unsuitable sale. Per the customer, he/she lost over $64,832 because of Mr. Hakes’s actions.
How To File A Claim Against Tim Hakes of Prime Capital Investment Advisors, LLC and Private Client Service, LLC (previously with Fiduciary Investment Trusts, LLC, Cambridge Investment Research, Inc., and Lawing Financial Inc.) To Get Your Money Back
If you have questions about Tim Hakes, Prime Capital Investment Advisors, LLC, Private Client Service, LLC, Fiduciary Investment Trusts, LLC, Cambridge Investment Research, Inc., Lawing Financial Inc., 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.