Public records published by the Financial Industry Regulatory Authority (FINRA) on January 9, 2017 indicate that former Ohio-based Wells Fargo Advisors broker Timothy Fife has been the subject of numerous customer disputes. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Fife (CRD# 2437888).
Timothy Fife has spent fifteen years in the securities industry and was most recently registered with Wells Fargo Advisors in Westlake, Ohio (2000-2009). He was previously registered with Salomon Smith Barney in New York, New York (1994-2000). He is currently not registered with any state or firm.
According to his BrokerCheck report, Timothy Fife has received seventeen customer complaints and one regulatory sanction which is currently on appeal.
In 2015 a customer alleged Timothy Fife, while employed at Wells Fargo Advisors, recommended unsuitable investments in exchange-traded funds. The complaint settled in 2016 for $170,802.
In 2015 a customer alleged Timothy Fife, while employed at Wells Fargo Advisors, misrepresented and recommended unsuitable investments. The complaint settled for more than $148,000.
In 2015 a customer alleged he, while employed at Wells Fargo Advisors and Ron Camirand & Associates, recommended unsuitable investments. The complaint settled for $250,000.
In 2014 a customer alleged he, while employed at Wells Fargo Advisors and Ron Camirand & Associates, made unsuitable investment recommendations. The complaint settled for $400,000.
In 2014 a customer alleged he, while employed at Wells Fargo Advisors and Ron Camirand & Associates, recommended unsuitable exchange-traded funds. The complaint settled for $335,000.
In 2014 the Ohio Division of Securities sanctioned him following allegations he placed “investors in unsuitable ETFs, falsely assured investors about the safety of their investments, acted as an IAR without a license for a period of time, failed to properly update his Form U4, and had been the subject of multiple disclosures on his CRD record indicating a lack of good business repute.” The sanction is currently on appeal.
If you have lost money investing with Timothy Fife, you may be able to recover your losses. Call Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on a contingency basis: Fitapelli Kurta only gets paid if and when you collect funds. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.