Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on September 11, 2018 indicate that FINRA has charged Timothy Ayre with securities fraud and “the unlawful distribution of an unregistered cryptocurrency security” known as HempCoin. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Ayre and/or investments in HempCoin.
Timothy Ayre has spent 25 years in the securities industry and was most recently registered as a broker with Four Points Capital Partners in New York, New York (2016). Previous registrations include Spencer Edwards in Agawam, Massachusetts (2016); Jera Securities in Agawam, Massachusetts (1999-2013); Northeast Securities in Mitchelfield, New York (1997-1999); AG Edwards & Sons in St. Louis, Missouri (1994-1997); and Merrill Lynch in New York, New York (1990-1994). He is currently not registered with any state or firm. According to his BrokerCheck report, Timothy he has received three regulatory sanctions and was discharged from a former employer in connection to alleged rule violations.
In 2016 he was terminated from MML Investors Services in connection to allegations he failed to disclose outside business activities, failed to disclose his participation in private securities transactions, and potentially misrepresented material facts regarding “a statement concerning securitization of assets” by a public company in which he served as president.