Advisor Alert: Our Attorneys Are Investigating Timothy L. Johnson For Investment Fraud
Did You Lose Money Because of Tim Johnson?
Filed: November 15, 2023
Tim Johnson has been the subject of one (1) criminal event and two (2) 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 Timothy L. Johnson.
Who Is Timothy L. Johnson of Securities America, Inc. and USAdvisors Wealth Management, LLC?
- Advisor Name: Timothy L. Johnson
- Aliases: Tim Johnson
- CRD: 4887261
- Location: Glenwood, Minnesota
- Current Employer: Securities America, Inc. and USAdvisors Wealth Management, LLC
- Previous Firms: Cetera Investment Advisers LLC and Cetera Investment Services LLC
- Number of Known Customer Complaints: 2
- Number of Known Criminal Events: 1
- Can Tim Johnson Be Sued: Yes, in Private Arbitration
- Can Tim Johnson’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $310,896
- Highest Settlement: $164,000
If you have suffered investment losses by Tim Johnson, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining an investment fraud 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 Johnson For Broker Misconduct
As of this publication date, Tim Johnson has been the subject of 1 criminal event and 2 customer disputes. Let’s review them below.
In July 2020, a FINRA arbitration was filed against or in reference to Tim Johnson by a customer of Cetera Investment Services LLC alleging that Mr. Johnson recommended unsuitable investments. On June 7, 2021, Mr. Johnson settled the claim for $164,000, and some or all of this amount may have been paid by Mr. Johnson’s employer and/or insurance carrier.
In May 2017, a FINRA arbitration was filed against or in reference to Tim Johnson by a customer of Cetera Investment Services LLC alleging unsuitability. Per the customer, he/she lost over $310,896 because of Mr. Johnson’s actions.
In March 1983, a misdemeanor charge was pressed against Tim Johnson in Escambia County Criminal Court, Pensacola, Florida. Mr. Johnson received 1 count misdemeanor charge for wrongful taking of property, no contest. In October of 1983, Timothy Johnson completed the court requirement of paying $60 court costs/$30 victim reimbursement fund fine.
How To File A Claim Against Tim Johnson of Securities America, Inc. and USAdvisors Wealth Management, LLC (previously with Cetera Investment Advisers LLC and Cetera Investment Services LLC) To Get Your Money Back.
If you have questions about Tim Johnson, Securities America, Inc., USAdvisors Wealth Management, LLC, Cetera Investment Advisers LLC, Cetera Investment Services LLC, 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.