Timothy Luke Wynne of Minnetonka Minnesota a stockbroker currently employed by Feltl Company is referenced in a customer initiated investment related arbitration claim where the customer sought $441,306.00 in damages based upon accusations that between February of 2014 and June of 2016: (1) fiduciary duties owed to the customer had been breached (2) unauthorized stock and over-the-counter equities trades were effected in the customer’s account and (3) transactions were placed in the customer’s account that were not suitable for the customer. Financial Industry Regulatory Authority (FINRA) Arbitration No. 18-01967 (June 4, 2018).
FINRA Public Disclosure confirms that Wynne is referenced in six more customer initiated investment related disputes pertaining to allegations of Wynne’s violative conduct during the time that he was associated with Feltl Company, Josephthal & Co., Inc. and Oppenheimer & Co. Inc. Specifically, a customer initiated investment related arbitration claim regarding Wynne’s activities was resolved for $118,000.00 in damages supported by accusations that: misrepresentations had been made to the customer; unauthorized trades were executed in the customer’s investment account; transactions were in no way suitable for the customer; the customer’s account was handled negligently; contractual obligations had been breached; and the customer’s portfolio of mutual funds and equities had been churned. National Association of Securities Dealers (NASD) Arbitration No. 04-02812 (July 5, 2005).
On February 21, 2012, a customer filed an investment related complaint concerning Wynne’s conduct in which the customer requested more than $5,000.00 in damages founded on allegations that the customer was charged commissions that were excessive on oil & gas products, mutual funds, futures, over-the-counter equities and government debt products.
Subsequently, a customer initiated investment related arbitration claim involving Wynne’s conduct was settled for $55,000.00 in damages based upon accusations that the customer was placed in Monticello MN Telecommunication Municipal Bonds that were not appropriate for the customer’s account. FINRA Arbitration No. 14-01856 (July 12, 2014). Another customer initiated investment related arbitration claim concerning Wynne’s activities was resolved for $570,000.00 in damages supported by allegations that stock and options trades had been executed in the customer’s account on an unauthorized and unsuitable basis. FINRA Arbitration No. 14-02066 (January 25, 2016).
Further, a customer initiated investment related arbitration claim regarding Wynne’s conduct was settled for $60,000.00 in damages founded on accusations including suitability, excessive commissions, excessive trading, breach of contract, negligent supervision, breach of fiduciary duty, and negligence in reference to the customer’s options and over-the-counter equities transactions. FINRA Arbitration No. 14-03342 (Nov. 9, 2015).
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.
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
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
