Tim Gerds Discloses Allegations Of Unauthorized Trading

Investors have come forward with complaints about Tim Russell Gerds (CRD: 2651778, Hubertus, Wisconsin). Evidently, the securities broker, who worked for JW Cole Financial Inc., discloses client disputes via Financial Industry Regulatory Authority (FINRA) BrokerCheck. Particularly, JW Cole Financial Inc. clients allege that Gerds engaged in unauthorized trading and charged excessive fees. For more on these disclosures about Gerds, see below.

JW Cole Financial Inc. Investor Accused Gerds Of Unauthorized Trading

Also, a JW Cole Financial Inc. client filed a complaint about Tim Gerds. Namely, the client alleged that Gerds engaged in unauthorized trading and charged excessive fees. Because of this, the client allegedly sustained damages on stocks and fixed annuities. Therefore, on August 16, 2021, JW Cole Financial Inc. settled this matter by paying the client $50,000 in damages.

Tim Gerds Discloses Unauthorized Trading Allegations By JW Cole Financial Inc. Client

Specifically, a client of JW Cole Financial Inc. contested Tim Gerds’ sales practices, according to a complaint dated June 17, 2019. Allegedly, Gerds engaged in unauthorized trading and charged excessive fees. Supposedly, Gerds caused the client to sustain damages on fixed annuities and stocks. Therefore, the client asked for compensatory relief from JW Cole Financial Inc. or Gerds in the amount of $90,000 in this matter. However, the client closed this dispute without resolving it.

U.S. Bancorp Investments Inc. Investor Accused Gerds Of Unsuitable Recommendations

Also, a U.S. Bancorp Investments Inc. client filed FINRA Arbitration: 15-02590 about Tim Gerds. Namely, the client alleged that Gerds made unsuitable recommendations. Because of this, the client allegedly sustained damages on unit investment trusts. Therefore, on June 3, 2016, a FINRA Arbitration Panel issued an Award ordering U.S. Bancorp Investments Inc. or Gerds to pay the client $5,200 in damages.

Tim Gerds Discloses Allegations By Metropolitan Life Insurance Company Client

Specifically, a client of Metropolitan Life Insurance Company contested Tim Gerds’ sales practices, according to a complaint. Allegedly, Gerds led the client to believe that their deposit could keep their insurance policy in force for two years. Supposedly, Gerds caused the client to sustain damages on variable life insurance. Therefore, Metropolitan Life Insurance Company opted to settle the matter on October 27, 2003, by compensating the client in the amount of $21,500.

Metropolitan Life Insurance Company Investor Alleges Misleading Conduct By Gerds

Also, a Metropolitan Life Insurance Company client filed a complaint about Tim Gerds. Namely, the client alleged that the securities broker misled them. Because of this, the client allegedly sustained damages on variable life insurance. Therefore, on July 14, 2003, Metropolitan Life Insurance Company settled this matter by paying the client $15,000 in damages.

Gerds Employment Information

• Gerds has worked for JW Cole Financial Inc. in Mequon, Wisconsin, as a securities broker since May 1, 2015.

• Gerds has worked for JW Cole Advisors Inc. in Mequon, Wisconsin, as a financial advisor since May 11, 2015.
  
• Gerds worked for US Bancorp Investments Inc. in Cedarburg, Wisconsin, as a financial advisor from March 8, 2006, to May 5, 2015.
  
• Gerds worked for US Bancorp Investments Inc. in Cedarburg, Wisconsin, as a securities broker from November 5, 2002, to May 5, 2015.

Did JW Cole Financial Inc. Securities Broker Tim Gerds Cause You To Experience Damages?

Have you experienced losses from investing with Tim Gerds? If so, get in touch with Soreide Law Group at (888) 760-6552 and talk with a securities lawyer about a potential recovery of your losses. Soreide Law Group, who has effectively recovered money for hundreds of investors throughout the United States, represents clients on a contingency fee basis and advances all costs. Gerds and brokerage firms Gerds worked for deny any allegations of sales practice violations.