Timothy Joe Hightower, of Mount Pleasant, Texas, a stockbroker formerly registered with WFG Investments, Inc., is the subject of a customer initiated investment related written complaint on May 16, 2017, in which the customer requested $5,000.00 in damages based upon accusations that Hightower effected unauthorized trades in the customer’s variable annuity.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Hightower has been subject of two additional customer initiated investment related disputes pertaining to accusations of his wrongdoing while he was associated with WFG Investments, Inc. Particularly, on September 3, 2014, a customer filed an investment related written complaint involving Hightower’s activities, in which the customer sought $5,000.00 in damages grounded on allegations that Hightower prompted unauthorized payments and withdrawals from the customer’s annuity by way of utilizing pre-signed forms. The customer also alleged that Hightower made misrepresentations concerning the terms of the annuity and omitted information relating to the costs of surrendering the policy.
On June 15, 2015, another customer filed an investment related written complaint involving Hightower’s conduct, where the customer requested $55,000.00 in damages based upon allegations that Hightower traded sub-accounts of the customer’s variable annuity without the customer’s consent. The customer further alleged that Hightower effected withdrawals without the customer’s authorization, and sold the customer an annuity that was not suitable.
Hightower’s registration with WFG Investments, Inc. was terminated on September 29, 2014. Since then, he has been associated with Capital Investment Group, Inc.
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