Accelerated Capital Investor Disputes Reportedly Concern Broker Tim Thelen
Soreide Law Group discusses important investor-related information regarding securities broker Thelen, also known as “Tim Thelen” (CRD#: 1924966, Middletown, New Jersey). It appears that Thelen worked as a securities broker for Berthel Fisher, Next Financial Group, Accelerated Capital Group, and Aeon Capital. One or more investors filed disputes about Thelen’s actions at those firms. Here’s a breakdown of the recent disputes on Thelen’s record.
Tim Thelen’s Client Alleges Negligence At Accelerated Capital Group, Aeon Capital
Notably, an investor alleged sales practice violations by Thelen at Accelerated Capital Group through 2017 and Aegon Capital in 2018. The client alleges breach of fiduciary duty and negligence in connection with private placement offerings. Supposedly, the client experienced damages by purchasing the private placement investments through Thelen. Although Thelen disagrees with the allegations, the client received $1,500,000 as a settlement of this matter in 2021. Thelen contributed $15,000 towards the resolution.
Breach Of Fiduciary Duty Alleged In Aeon Client’s Dispute About Private Placements
Also, a client of both Accelerated Capital Group and Aeon Capital complained about Tim Thelen’s actions. Specifically, the client alleges breach of fiduciary duty relating to 2017-2018 private placement purchases. However, Accelerated Capital Group and Aeon Capital denied this dispute. The broker indicated that the client signed all required documents regarding disclosures and suitability.
Aeon Capital Investor Alleges Unsuitable Private Placement By Tim Thelen
Evidently, a third client dispute reported on BrokerCheck concerns private placements through Tim Thelen and Aeon Capital. The August 2018 complaint alleges breach of fiduciary duty relating to the purchase of Tout Inc. securities in January 2018. However, Aeon Capital and the broker deny the client's allegations. This matter was closed in September 2018 without further action by the client.
Thelen’s Client Alleges Unsuitable Annuity
Moreover, a Berthel Fisher Company client complained about Tim Thelen’s sale of a variable annuity. Namely, the client contends that Thelen had the client invest in an unsuitable variable annuity. Supposedly, the product was not appropriate because of the client’s age at the time of purchase. It appears that Berthel Fisher settled this matter by paying the client $20,000.
Losses By Investing With Broker Tim Thelen?
Apparently, securities broker Tim Thelen denies allegations of sales practice violations. Have you experienced investment losses by interacting with this broker? If so, reach out to Soreide Law Group at (888) 760-6552 and speak with experienced counsel concerning a possible recovery. Soreide Law Group represents clients on a contingency fee basis and advances all costs. The law firm has recovered substantial compensation for US clients who have experienced losses from their securities brokers and financial advisors.
