TIM RICE – Former RICE, VOELKER, LLC Broker Suspended by FINRA – May Recover Investor Losses
Former RICE, VOELKER, LLC Broker, Tim Rice Suspended by FINRA.
JOHN TIMOTHY RICE, TIM RICE
CRD#: 375297
JOHN TIMOTHY RICE SR (CRD#: 375297), a former broker for RICE, VOELKER, LLC in SCHAUMBURG, IL, was recently suspended for 18-months after the broker consented to FINRA sanctions.
According to the FINRA AWC, From February 2018 through November 2023, Rice shared information about imminent block order transactions with two institutional customers. The information that Rice provided was material and non-public because the block order transactions had not been completed and publicly reported. After receiving this information from Rice, the customers in 111 instances submitted orders to the firm for execution in the same security prior to the completion of the block order. Rice received $127,549 in commissions for these 111 transactions. In 35 of the 111 transactions, the trades by the customers with whom Rice shared the block trade information resulted in unfavorable prices to eleven different institutional customers who placed the block orders and thus were harmed in the amount of approximately $71,000. The firm voluntarily reimbursed all affected customers during FINRA’s investigation.
Former RICE, VOELKER, LLC Broker, Tim Rice Suspended by FINRA.
Goodman & Nekvasil, P.A., is investigating brokers who may have unsuitably recommended investments to their clients.
St. Petersburg, Florida law firm Goodman & Nekvasil, P.A., has a national practice representing victimized investors. The firm continues to investigate brokerage firms that placed elderly retirees and other conservative investors in unsuitable investments.
Goodman & Nekvasil, P.A., has filed numerous cases against brokerage firms selling high-risk investments and has recovered more than $500 million dollars on behalf of victimized investors.
We allege in these cases that these investment recommendations were unsuitable for our clients in view of their financial situation, needs and investment objectives.
There is no charge for an evaluation of your case. We handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee.
If you incurred losses on your investment and would like your case evaluated by a securities attorney, please contact us.
Some of the information in this blog post was obtained from FINRA on 6/30/25. If you believe this information was reported incorrectly, please contact our firm: 1-800-500-4442.