Timothy Tremblay Has Customer Complaints, Including Elder Abuse

Timothy TremblayPublicly available records published by the Financial Industry Regulatory Authority (FINRA) on June 6, 2016 indicate that California-based Centaurus broker/adviser Timothy Tremblay has received more than a dozen customer complaints. The securities and investment fraud law firm Fitapelli Kurta is investigating allegations of misconduct against Mr. Tremblay (CRD# 1201542).

Timothy Tremblay has spent 32 years in the securities industry and has been registered with Centaurus Financial in Santa Barbara and Westlake Village, California since 2003. Previous registrations include Washington Square Securities in Des Moines, Iowa (1997-2003); Cruttenden Roth in Newport Beach, California (1995-1997); Smith Barney in New York, New York (1993-1995); Prudential Securities in New York, New York (1983-1993); and Painewebber Incorporated (1986). He is a registered broker and investment adviser in 12 US states and territories: Arizona, California, the District of Columbia, Illinois, Kansas, New Mexico, New York, North Carolina, Pennsylvania, Tennessee, Texas, and Washington.

According to his BrokerCheck report, Timothy Tremblay is the subject of 21 customer complaints and one pending customer complaint.

In July 2015, a customer alleged Timothy Tremblay, while employed at Centaurus Financial, committed fraud, made misleading statements, breached his fiduciary duty, breached contract, and engaged in elder abuse. The customer is seeking $800,000 in damages in the pending complaint.

In 2013, a customer alleged Timothy Tremblay, while employed at Centaurus Financial, misrepresented material facts related to an investment and recommended unsuitable investments. The complaint settled for more than $119,300.

In 2013, a customer alleged Timothy Tremblay, while employed at Centaurus Financial, improperly invested her portfolio. The complaint settled for more than $119,300.

In 2002, a customer alleged Timothy Tremblay, while employed at Washington Square Securities, engaged in unsuitable and unauthorized trading. The complaint settled in 2004 for $18,000.

In 1994, a customer alleged Timothy Tremblay, while employed at Prudential Securities, recommended unsuitable securities and churned the account. The complaint settled in 1995 for $27,500.

In 1994, a customer alleged Timothy Tremblay, while employed at Prudential Securities, recommended unsuitable investments, churned the account, and misrepresented material facts related to an investment. The complaint settled for $85,000.

In 1992, a customer alleged Timothy Tremblay, while employed at Prudential Securities, misrepresented material facts related to an investment. The complaint settled in 1993 for $82,500.

In 1992, a customer alleged Timothy Tremblay, while employed at Prudential Securities, misrepresented material facts and made unsuitable recommendations. The complaint related in an award to the customer of $168,630.

If you have lost money investing with Timothy Tremblay, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 without delay. You may be entitled to recoup your losses. We accept all cases on contingency: Fitapelli Kurta only gets paid if and when you collect money. Time to file your claim may be limited, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.