Tim Higgins Facing FINRA Complaint Over Investigation

Broker Tim Higgins (Spartan Capital) Facing FINRA Complaint Relating To Investigation

FINRA BrokerCheck indicates that investors alleged improper sales practices involving securities broker Timothy Patrick Higgins “Tim Higgins” (CRD#: 2282547, Indianapolis, Indiana) and that those violations resulted in damages. Evidently, Higgins most recently worked as a Spartan Capital Securities broker from 2015 to 2020. Formerly, he worked for Clark Dodge Co. Inc., World Equity Group, Andrew Garrett Inc., LH Ross Company Inc., and Continental Broker-Dealer Corp. You’ll want to take a closer look at the allegations reported on his BrokerCheck, bearing in mind that he denies alleged sales practice violations.

FINRA Files Complaint Against Higgins Alleging Failure To Comply In Investigation

Evidently, the regulator filed a complaint against Tim Higgins in June 2022. Mainly, FINRA makes allegations of Higgins violating FINRA rules by failing to testify about his trading in client accounts at Spartan Capital Securities. FINRA tried to determine whether the securities broker violated FINRA rules by making excessive trades. But because of Higgins allegedly failing to testify, the regulator could not make a final determination on his trading. This matter is ongoing.

Spartan Capital Securities Client Alleges Breach Of Contract Relating To Tim Higgins’s Stock, Options Trades

Also, it seems that a Spartan Capital Securities client disputed Tim Higgins’s activities as a securities broker, according to an investment dispute in February 2019. Mainly, the securities broker is accused of breach of contract, excessive trading, unauthorized trading, and unsuitability. It appears that the securities firm or Higgins caused the client to incur damages because of options and stock trades. Notably, the client agreed to settle their allegations with Spartan Capital Securities, as the firm agreed to pay them $45,000 in damages in May 2020.

Missouri Issues Sanction To Higgins Concerning Client Complaints

Evidently, the State of Missouri issued Tim Higgins a censure to resolve allegations of Higgins allegedly failing to disclose client complaints on time. Supposedly, Higgins was responsible for updating his Form U-4 regarding client complaints. However, he reportedly failed to timely amend the U-4. According to the regulator, Higgins received an 8-year prohibition from applying as a securities agent. It appears that Higgins fully resolved the matter.

Client Of Continental Broker Dealer Corp Alleges Damages On Mutual Funds

Specifically, a client of Continental Broker Dealer Corp expressed concerns about Tim Higgins’s sales practices, according to a dispute listed on BrokerCheck. Notably, Higgins allegedly caused the client to experience damages as a result of class B mutual fund share purchases. Notably, the client received $9,000 in damages according to a settlement of this dispute with the securities firm.

Continental Broker Dealer Corp Client’s Arbitration Claim Alleges Unauthorized Trading Of Equities

Notably, FINRA BrokerCheck shows that a Continental Broker Dealer Corp client objected to Tim Higgins’s sales practices in 2002. Mainly, the securities broker allegedly made unauthorized trades. Supposedly, the client experienced damages stemming from Higgins’s unreasonable sales practices concerning over-the-counter equities, options and fixed income products. It appears that Continental Broker Dealer Corp denied this client’s allegations and request for compensation.

Losses Through Tim Higgins?

Did you suffer losses because of securities broker Tim Higgins? You could call Soreide Law Group at (888) 760-6552 to speak with a helpful securities attorney about possibly recovering your losses. Soreide Law Group represents clients by a contingency fee arrangement and advances costs. The firm has recovered substantial compensation for hundreds of US investors that have realized losses due to financial advisors and securities brokers. Please note that Higgins denies all accusations of inappropriate sales practices.