Soreide Law Group, (888) 760-6552, recently obtained the following summation of information from FINRA’s website, listed in “Disciplinary and Other FINRA Actions, May, 2014.”
Timothy Damien Moran (CRD #2326078, Paradise Valley, Arizona)
was barred by FINRA and ordered to disgorge $200,000 of ill-gotten gains. According to the FINRA report, Timothy Moran allegedly engaged in private securities transactions without providing his firm with prior written notice.
FINRA's findings stated that Timothy Moran allegedly introduced his firm's clients to someone who discussed investments in this individual’s hedge fund. According to FINRA's report, Timothy Moran recommended his clients invest, or consider investing, in the hedge fund. Allegedly, Moran participated in these meetings, phone conversations or additional communication between his clients and the individual.
FINRA's report said that some of the clients Moran introduced to this person invested $1.69 million in the hedge fund. Timothy Moran personally invested a total of $150,000 in the hedge fund. Because of his assistance in finding these clients, Moran received over $200,000. Moran failed to disclose his activity in the hedge fund to his firm or obtain permission from his firm.
Timothy Moran failed to respond to FINRA requests for information, and provided false information to FINRA. The findings also stated that Moran failed to amend his Form U4 to disclose a tax lien filed by IRS for $216,654.
(FINRA Case #2012031023301)
Timothy Damien Moran was previously registered with the following FINRA firm(s):
FSC SECURITIES CORPORATION (CRD# 7461) - SCOTTSDALE, AZ
05/2010 - 12/2011
CAMBRIDGE INVESTMENT RESEARCH, INC. (CRD# 39543) - SCOTTSDALE, AZ
06/2008 - 04/2010
MULTI-FINANCIAL SECURITIES CORPORATION (CRD# 10299) - SCOTTSDALE, AZ
01/2005 - 06/2008
B. C. ZIEGLER AND COMPANY (CRD# 61) - CHICAGO, IL
11/2002 - 02/2005
THE ADVISORS GROUP, INC. (CRD# 14035) - BETHESDA, MD
02/1994 - 11/2002
SECURITIES AMERICA, INC. (CRD# 10205) - LAVISTA, NE
05/1993 - 01/1994
This ends the summation of information from FINRA.
If you've had significant financial losses because of your broker/financial advisor's recommendations, call a Securities Arbitration Lawyer for your free consultation at 888-760-6552. Soreide Law Group represents clients nationwide before FINRA.
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