John Hillman Timberlake of Atlanta Georgia a stockbroker formerly registered with Carter Terry Company Inc. is referenced in a customer initiated investment related written complaint on December 15, 2020 in which the customer sought unspecified damages based on allegations of unauthorized and unsuitable trades when Hillman was associated with Carter Terry Co. Inc. Financial Industry Regulatory Authority (FINRA) Arbitration No. 20-04055 (Dec. 15, 2020). The claim alleges that the customer sustained poor performance on their holdings.

FINRA Public Disclosure shows that Timberlake has been identified in four additional customer initiated investment related disputes regarding accusations of his wrongdoing while associated with securities broker dealers including SunTrust Investment Services Inc. On February 11, 2016, a customer initiated investment related complaint concerning Timberlake’s conduct was resolved for $105,831.82 in damages founded upon allegations of unsuitable stock trading by Timberlake during the time that he was associated with SunTrust Investment Services.

Timberlake is also the subject of a customer initiated investment related FINRA securities arbitration claim which was settled for $55,000.00 in damages on June 12, 2019 supported by accusations of the failure of SunTrust to responsibly manage stock trades and the stockbroker’s investment strategy.

Another customer initiated investment related FINRA securities arbitration claim regarding Timberlake’s activities was resolved for $50,000.00 in damages based on allegations that Timberlake provided unsuitable recommendations concerning over-the-counter equities at SunTrust Investment Services. FINRA Arbitration No. 19-02996 (May 13, 2020). According to the claim, the customer was placed into an investment strategy involving thinly-traded securities resulting in damages.

On July 8, 2020, a different customer filed an investment related complaint regarding Timberlake’s conduct where the customer requested compensatory damages based upon accusations of unauthorized trading of over-the-counter equities at Carter Terry Co.

FINRA Public Disclosure shows that Timberlake has been fined $10,000.00 and suspended for four months from associating with any FINRA member in any capacity supported by findings that while at SunTrust Investment Services, Timberlake used unauthorized ways to correspond with customers regarding securities business, and made misleading, unwarranted, exaggerated and promissory notes to at least one customer. Letter of Acceptance Waiver and Consent No. 2019064516901 (Nov. 18, 2020). FINRA found that he violated Rules 2010, 4511 and 2210(d)(1)(b)

Timberlake was registered with Carter Terry Company between July 21, 2016 and May 18, 2020. He was discharged for violating company policy.

Tags: ,

Comments are closed.