A pending customer dispute on BrokerCheck names Lion Street Financial as the firm and Tim Clairmont (CRD 2847591) as the broker. The claimants filed it on September 24, 2026. Their allegations are unproven, and no arbitrator has ruled on them. The same report lists a much older settled dispute at Woodbury Financial.
According to BrokerCheck, the claimants allege that Tim Clairmont recommended an unsuitable investment and misrepresented its risks. The pending claim carries docket 25-01282 and lists alleged damages of $100,000. Its product label reads non-traded REIT or real estate.
Under FINRA's process, the broker and the firm can each answer a claim in writing before any hearing.
A non-traded REIT owns real estate but does not list its shares on an exchange. Investors can't check a daily market quote. Instead, the sponsor publishes an estimated value from time to time.
Selling shares often depends on a limited repurchase program, and the board can change it. In our experience, the offering documents and the customer's signed forms frame these disputes early. This background is general and says nothing about the investment in the Tim Clairmont claim.
An older dispute on Tim Clairmont's report goes back to April 29, 2004. Clients alleged that he recommended an inappropriate investment and used high pressure sales tactics in writing VUL policies dated 07/11/01. They requested a full refund of all premiums paid.
Alleged damages reached $18,900. Woodbury Financial is the firm on that disclosure, and the matter settled on September 23, 2005, for $16,783. A settlement is not an admission of wrongdoing.
Variable universal life combines a death benefit with subaccounts that move with the markets. Part of each premium goes to insurance charges and fees, so early cash value can sit well below the premiums paid.
FINRA member firms must supervise the activities of their brokers. If you have questions about an account that Tim Clairmont handled, call Soreide Law Group at (888) 760-6552. You can also reach us online to speak with a securities attorney. FINRA arbitration is a national forum, so we represent investors in FINRA arbitration across the country. We handle these claims on a contingency fee basis. Learn how FINRA arbitration works.
This post summarizes public FINRA records, including BrokerCheck, as of November 4, 2026. Allegations in customer complaints and arbitrations are claims, not findings. Pending claims remain open and undecided. A settlement is also not an admission of wrongdoing. FINRA may also update or correct these records after that date.
An $8,500,000 customer arbitration filed September 29, 2026, names Joseph Langlois (CRD 4216281) and Dfpg Investments. BrokerCheck shows the customer's allegations about alternative investments are pending and unproven. No arbitrator has ruled on them.
Colorado securities law is among the grounds in a pending arbitration filed October 14, 2026, naming Ryan Finch (CRD 6379871). The claimants list $450,000 in alleged damages over a limited partnership investment at Emerson Equity.
Customers filed a pending arbitration on September 17, 2026, naming William Burks (CRD 2944992) and Centaurus Financial. BrokerCheck shows their allegations involve illiquid investments. Burks denies the claim, and no arbitrator has ruled on it.
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