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Timothy Joseph Banks of The Worley Banks Group Has 2 Customer Complaints for Alleged Broker Misconduct

Who is Timothy J. Banks of The Worley Banks Group?

Timothy Banks (CRD #4497630) who is currently registered with The Worley Banks Group and located in Creve Coeur, Missouri is a subject of one of our many securities industry sales practice abuse investigations.

Prior to The Worley Banks Group, Timothy Banks was associated with RFG Advisory and 8 other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

Timothy Banks Customer Complaints

In his/her career, Timothy Banks has been the subject of 2 customer complaints that we know about, one of those complaints was filed in the last two years to recover investment losses.

One of the customers’ complaints was denied and the customers did not take any further action. There is currently one pending customer complaint filed against Private Client Services for investment losses caused by Timothy Banks’s alleged misconduct.

Allegations Against Timothy Banks

A sample of the allegations made in the FINRA reported arbitration claim settlements and pending complaints for investment losses are as follows:

  • The customer alleges that representative Timothy Banks made investment recommendations in non-traded real estate investment trusts and other alternative investments unsuitable for claimants’ investment objectives.
  • Alleges Timothy Banks’ recommendation to purchase two whole life insurance policies with annual premiums totaling $60,000 was unsuitable based on the client’s stated retirement objectives.

Timothy Banks Red Flags & Your Rights as An Investor

Of course, Timothy Banks 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 that should put all current and former customers of Timothy Banks at The Worley Banks Groupon alert to review carefully the activity and performance of their accounts and question whether Timothy Banks has engaged in any stockbroker misconduct that may have caused them investment losses.

There have been a large number of customer complaints at The Worley Banks Group which also raises questions about its 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 The Worley Banks Group

If you have questions about The Worley Banks Group and/or Timothy Banks 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.

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Robert Wayne Pearce

Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $170 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.

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