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.

The information contained herein has been obtained from reliable sources however may not be accurate and is not guaranteed by us. Readers are encouraged to undertake their own independent investigation and evaluation of the relevant facts. All claims and allegations are subject to adjudication, decisions may be subject to appeal, and no inference is intended, nor should any inference be made from any information contained herein from any source.

Questions or comments regarding the source or accuracy of any information, including any subsequent developments, should be directed to:  [email protected]

This posting and the information on our website is for general information purposes only. This content should be not considered legal advice, and any responses, comments, e-mails, other communications do not form any attorney client relationship. Attorney Advertisement. See Important Disclaimer.

Guiliano Law Group, P.C.

Our practice is limited to the representation of investors. Over the last three decades, we have recovered more than a hundred million dollars for more than 1,000 injured investors from all over the United States and several foreign countries. We accept representation purely on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a confidential consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.

For more information concerning common claims against stockbrokers and investment professionals, please visit us at securitiesarbitrations.com

To learn more about FINRA Securities Arbitration, and the legal process, please visit us at securitiesarbitrations.com

Stockbroker Fraud. Securities Arbitration and Investment Fraud Lawyers.  
National Practice. Contingent Fee. Confidential Free Consultation.

 (877) SEC-ATTY

1700 Market Street, Suite 1005
Philadelphia, PA 19103
Direct: (215) 413-8223
Toll Free: (877) 732-2889

1260 South Soto Street, Suite 7
Los Angeles, California 90023
Direct: (213) 255-3475
Toll Free: (877) 732-2889

2750 NE 185th Street, Suite 302
Aventura, Florida 33180-2877
Direct: (786) 490-2413
Toll Free: (877) 732-2889

See Important Disclaimer

Tags: , ,

No comments yet.

Leave a Reply

Name (required)

Email (will not be published) (required)