Public records provided by the Financial Industry Regulatory Authority (FINRA) on August 8, 2016 indicate that California-based Wedbush Securities broker/adviser Timary Delorme has received customer complaints. The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Delorme (CRD# 736418).
Timary Delorme has spent 35 years in the securities industry and has been registered with Wedbush Securities in Costa Mesa and Los Angeles, California since 1981. She has no previous registrations. She is a registered broker and investment adviser with 30 US states and territories.
According to her BrokerCheck report, Timary Delorme has been the subject of two customer complaints.
In 2012, a customer alleged Timary Delorme, while employed at Wedbush Securities, acted negligently, made unsuitable recommendations, breached her fiduciary duty, breached contract, and violated California Securities Law. The complaint settled in 2013 for $50,000, to which Ms. Delorme individually contributed $25,000.
In 2012, a customer alleged Timary Delorme, while employed at Wedbush Securities, committed fraud, misrepresented and omitted material facts, acted negligently, made unsuitable investment recommendations, made unauthorized trades, violated the California Corporations Code, engaged in extorted, breached her fiduciary duty, and intentionally inflicted emotional distress. The complaint settled in 2013 for $265,000, to which Mr. Delorme individually contributed $132,000.
According to FINRA rules and federal securities law, financial professionals like Timary Delorme are prohibited from executing transactions without a customer’s permission or authorization. There are some exceptions, including discretionary accounts and, in some circumstances, margin accounts. Brokers, investment advisers, and broker-dealer firms who effect unauthorized trades may be subject to disciplinary action by FINRA or the Securities and Exchange Commission.
If you or someone you know has a complaint regarding Timary Delorme, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be able to recover lost funds. Fitapelli Kurta accepts all cases on contingency: we only get paid if and when you collect money. You may have a limited window to file your complaint, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.