Timothy Millis – Financial Advisor/Broker Timothy Millis Suspended from Securities Industry | Goodman & Nekvasil P.A., May Recover Investor Losses
Timothy Millis CRD #706959
Timothy Millis was a previously licensed financial advisor with NYLife Securities LLC. According to Timothy Millis’ CRD, Timothy Millis was suspended from the securities industry in October 2019.
According to FINRA Allegations:
Between January 2015 and December 2018, Timothy Millis recommended 66 unsuitable short-term Class A mutual fund transactions to ten customers and made unsuitable recommendations to one customer to liquidate a variable annuity to purchase Class A mutual fund shares, in violation of FINRA Rules 2111 and 2010.
According to Timothy Millis’ CRD:
Customer Dispute 4/4/19: Allegations: Upon reviewing the customer’s brokerage account activity, the Firm noted that from February 2017 through September 2018, the customer incurred front-end sales charges when proceeds from a variable annuity withdrawal were subsequently transferred to the customer’s brokerage account. The Firm also noted that the customer’s variable annuity withdrawal was subject to a surrender charge in February 2017. The customer executed a settlement agreement that the Firm provided to him after its review of the transactions. This customer dispute was settled for $50,279.06.
Goodman & Nekvasil P.A. May Recover Investor Losses
If you lost money on investments with Timothy Millis and believe 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 concerning Timothy Millis’ 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.
Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. Goodman & Nekvasil, P.A. has recovered more than $180 million on behalf of victimized investors. If you lost money on investments with Timothy Millis 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.
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