Timothy Allen Thelen of Scottsdale Arizona a stockbroker formerly registered with Aeon Capital Inc. and Accelerated Capital Group is referenced in a customer initiated investment related arbitration claim where the customer requested $620,000.00 in damages founded on accusations that (1) private placement offerings were negligently recommended or sold by the stockbroker and (2) Thelen breached a fiduciary duty in regard to the private placement transactions he effected between 2016 and March of 2018. Financial Industry Regulatory Authority (FINRA) Arbitration No. 19-03043 (Oct. 21, 2019).
FINRA Public Disclosure confirms that Thelen is identified in six additional customer initiated investment related disputes pertaining to allegations of his violative conduct while employed with securities broker dealers including Accelerated Capital Group, Aeon Capital Inc., Next Financial Group and Berthel Fisher Company Financial Services Inc. Specifically, a customer filed an investment related complaint concerning Thelen’s activities where the customer sought $22,500.00 in damages supported by accusations that the customer’s instructions had been disregarded in reference to equity and mutual fund transactions; and omissions had been made concerning the transactions.
Thelen is the subject of another customer initiated investment related complaint which was resolved for $20,000.00 in damages based upon allegations that during the period in which Thelen was employed by Berthel Fisher Company, the customer was placed into variable annuity products that failed to be appropriate given the customer’s age. Another customer filed an investment related complaint regarding Thelen’s conduct in which the customer requested $15,900.00 in damages based upon accusations of Thelen charging the customer excessive commissions on trades placed in the customer’s brokerage account when the stockbroker was associated with Next Financial Group.
On August 16, 2018, another customer filed an investment related complaint involving Thelen’s conduct where the customer requested more than $5,000.00 in damages founded on allegations that during the period in which Thelen was associated with Aeon Capital Inc., he violated a fiduciary duty in regard to the recommendations or sales of a private placement offering issued by Tout, Inc. Thelen is also the subject of a customer initiated investment related complaint on August 20, 2018 where the customer sought more than $5,000.00 in damages supported by accusations that between 2017 and 2018, the stockbroker recommended or sold a private placement offering that was inappropriate; and he breached a fiduciary duty.
Thelen’s registration with Accelerated Capital Group was terminated on January 29, 2018. Since January 6, 2018, Thelen has been employed by Aeon Capital.
