Advisor Alert: Our Attorneys Are Investigating Timothy John Sherer For Investment Fraud
Did You Lose Money Because of Timothy Sherer?
Filed: March 11, 2024
Timothy Sherer (also known as Tim Sherer) currently has one (1) pending customer complaint. Overall, he has been the subject of two (2) regulatory events, one (1) termination event, and 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 Timothy John Sherer.
Who Is Timothy John Sherer of Emerson Equity LLC?
- Advisor Name: Timothy John Sherer
- Aliases: Tim Sherer
- CRD: 833618
- Location: Los Gatos, California and Reno, Nevada
- Current Employer: Emerson Equity LLC
- Previous Firms: Sandlapper Wealth Management, LLC, Sandlapper Securities, LLC, and SCF Securities, Inc.
- Number of Known Customer Complaints: 4
- Number of Known Regulatory Events: 2
- Number of Known Termination Events: 1
- Can Timothy Sherer Be Sued: Yes, in Private Arbitration
- Can Timothy Sherer’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $448,781.65
- Highest Settlement: $127,500
If you have suffered investment losses by Timothy Sherer, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining an elder financial abuse 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 Timothy Sherer For Broker Misconduct
As of this publication date, Timothy Sherer has been the subject of 2 regulatory events, 1 termination event, and 4 customer disputes. Let’s review them below.
In March 2023, a FINRA arbitration was filed against or in reference to Timothy Sherer by multiple customers of Emerson Equity LLC alleging violations of Federal Securities Laws, fraud, violations of California Securities Laws, unsuitable recommendations, misrepresentations and omission of material fact, California unfair, unlawful and fraudulent business practices, violation of California financial elder abuse laws, breach of contract, common law fraud, breach of fiduciary duty, and negligence and gross negligence. Per the customers, they lost over $448,781.65 because of Mr. Sherer’s actions. As of this publication date, this claim remains pending.
In August 2012, a FINRA arbitration was filed against or in reference to Timothy Sherer by multiple customers of J.P. Turner & Company LLC alleging violation of California Securities Laws, violation of federal securities laws, sales of unregistered securities, misrepresentation, unsuitability, breach of fiduciary duty, common law fraud, breach of contract, and negligence. Per the customers, they lost over $354,999 because of Mr. Sherer’s actions. On December 3, 2013, Mr. Sherer settled the claim for $127,500, and some or all of this amount may have been paid by Mr. Sherer’s employer and/or insurance carrier.
In November 2010, a complaint was filed against or in reference to Timothy Sherer by a customer of J.P. Turner & Company LLC misrepresentation.
In September 2010, a FINRA arbitration was filed against or in reference to Timothy Sherer by a customer of Bookstreet Securities Corporation alleging fraud, negligence, breach of fiduciary contract, and breach of fiduciary duty. Per the customer, he/she lost over $298,160.80 because of Mr. Sherer’s actions. On November 15, 2012, Mr. Sherer settled the claim for $10,000.
In December 2002, Metlife Securities Inc. terminated Timothy Sherer for entering a settlement agreement with NASD in which he was suspended for 6 months.
In August 2002, the National Association Of Securities Dealers, Inc. initiated a regulatory action against or in reference to Timothy Sherer for allegedly participating in private securities transactions without providing prior written notification to and receiving written approval from his member firm.
In March 2002, the California Dept of Insurance initiated a regulatory action against or in reference to Timothy Sherer for alleged misrepresentation.
How To File A Claim Against Timothy Sherer of Emerson Equity LLC (previously with Sandlapper Wealth Management, LLC, Sandlapper Securities, LLC, and SCF Securities, Inc.) To Get Your Money Back
If you have questions about Timothy Sherer, Emerson Equity LLC, Sandlapper Wealth Management, LLC, Sandlapper Securities, LLC, SCF Securities, 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.