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Timothy Gibbons Has Received a Regulatory Complaint

Timothy GibbonsPublic records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on January 30, 2018 indicate that former Louisiana-based Morgan Stanley broker/adviser Timothy Gibbons has been sanctioned by FINRA and suspended from acting as a broker. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Gibbons (CRD# 219872).

Timothy Gibbons has spent 42 years in the securities industry and was most recently registered with Morgan Stanley in New Orleans, Louisiana (2009-2015). Previous registrations include Citigroup Global Markets in New Orleans, Louisiana (2006-2009); Legg Mason Wood Walker in Baltimore, Maryland (1988-2006); and Howard Weil Labouisse Friedrichs (1973-1988). He has passed five securities industry examinations: Series 63 (Uniform Securities Agent State Law Examination), which he obtained on February 11, 1988; Series 15 (Foreign Currency Options Examination), which he obtained on December 13, 1982; Series 5 (Interest Rate Options Examination), which he obtained on November 17, 1981; PC (AMEX Put and Call Exam), which he obtained on September 7, 1977; and Series 1 (Registered Representative Examination), which he obtained on April 18, 1973. He is currently not registered with any state, firm or self-regulatory organization.

According to his BrokerCheck report, he has been sanctioned by FINRA and received one regulatory complaint.

In November 2017 FINRA sanctioned him in connection to allegations he recommended unsuitable investments to elderly retired customers when he over-concentrated their accounts in a single high-risk energy investment. According to FINRA’s findings, his recommendations led to “collective realized and unrealized losses of over $960,000” across five client accounts. He was ordered to pay $20,000 in fines and more than $716,000 in restitution, and was issued a suspension of 18 months.

In November 2015 a customer alleged Timothy Gibbons, while employed at Morgan Stanley Smith Barney, invested the account in unsuitable stocks. The customer is seeking unspecified damages in the pending complaint.

If you have lost money investing with Timothy Gibbons, you may be entitled to recoup your losses. Call the attorneys at Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on a contingency basis, which means we only get paid if and when you collect money. Time to file your claim may be limited by law, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.