DID TIMOTHY W. AUGUSTIN CAUSE YOU INVESTMENT LOSSES?
Timothy W. Augustin Formerly with Western International Securities Has 9 Customer Complaints for Alleged Broker Misconduct In the Past 2 Years
Who is Timothy W. Augustin Formerly with Western International Securities?
Timothy Augustin (CRD # 5283043) who is currently registered with Western International Securities and located in Washington D.C. is a subject of one of our many securities industry sales practice abuse investigations. Prior to Western International Securities Timothy Augustin was associated with two other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.
Western International Securities Broker Misconduct
In his career, Timothy Augustin has been the subject of 10 customer complaints that we know about, 9 of those complaints were filed in the last two years to recover investment losses. Eight of Timothy Augustin customer complaints were settled in favor of investors. There are currently 2 pending customer complaints filed against Timothy Augustin former employer Western International Securities for investment losses caused by his alleged misconduct.
Allegations Against Timothy W. Augustin
A sample of the allegations made in the FINRA reported arbitration claim settlements and pending complaints for investment losses are as follows:
- Offer and sale of Unregistered Securities, Unsuitable Recommendations, Misrepresentations and Omissions of Material Fact, Fraud, Breach of Fiduciary Duty.
- Unsuitable Recommendations, Fraud, Breach of Fiduciary Duty relating to promissory notes and exchange traded funds.
- Breach of Fiduciary Duty, Fraud, Unsuitable Recommendations, Misrepresentations and Omissions of Material Fact relating to, a promissory note.
- Unsuitable Recommendations related to equity listed common and preferred stocks.
Timothy W. Augustin Red Flags & Your Rights As An Investor
Of course, Timothy Augustin did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Timothy Augustin at Western International Securities on alert to review carefully the activity and performance of their accounts and question whether Timothy Augustin has engaged in any stockbroker misconduct that may have caused them investment losses.
The large number of customer complaints at Western International Securities also raises questions about supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
File A Claim to Recover Your Investment Losses At Western International Securities
If you have questions about Western International Securities and/or Timothy Augustin and the management or performance of your accounts please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.