Goodman & Nekvasil P.A, May Recover Investor Losses | Timothy Gibbons, Financial Advisor Suspended from Securities Industry
From 2009 until 2015 Timothy Gibbons was licensed with Morgan Stanley.
Subsequent to Timothy Gibbons’ firing, FINRA brought a disciplinary action against Timothy Gibbons in 2017. Timothy Gibbons consented to an 18-month suspension, a $20,000 monetary fine and a $716,749.78 restitution. Timothy Gibbons consented to the entry of findings that Timothy Gibbons made unsuitable investment recommendations to five elderly retired customers when Timothy Gibbons over concentrated the customers’ accounts in a single high-risk energy sector security. Gibbons’ investment recommendations resulted in collective realized and unrealized losses of over $960,000 in the five customers’ accounts.
If you lost any money on investments with Timothy Gibbons, you may be able to recover your losses from Morgan Stanley. This is because Morgan Stanley had a duty to supervise Timothy Gibbons.
If you lost money on investments with Timothy Gibbons, and believe that the investments may have been unsuitable or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action against Morgan Stanley, concerning Timothy Gibbons’ conduct. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.
Goodman & Nekvasil, P.A. has recovered approximately $180 million on behalf of victimized investors. If you lost money on any investments with Timothy Gibbons and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.