Timothy Calvert Faced First Citizens Investor Services Investor’s Misrepresentation Complaint

Investors potentially incurred losses because of securities broker Timothy Ryan Calvert [CRD: 3241077, Spartanburg, South Carolina], based on disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Calvert has been associated with First Citizens Asset Management Inc. since November 1, 2006, First Citizens Investor Services Inc. as a financial advisor since May 15, 2017, and First Citizens Investor Services Inc. as a securities broker since January 4, 2016. See the following information to discover more about the disclosures involving Timothy Calvert.

First Citizens Investor Services Investor Accused Calvert Of Misrepresentation

Evidently, on March 13, 2026, a First Citizens Investor Services Inc. client filed a complaint about Timothy Calvert. Primarily, the client alleged that Calvert made misrepresentations concerning the tax consequences of certain transactions. For this reason, the client allegedly sustained damages. Consequently, the client requested $13,280 in compensation from First Citizens Investor Services Inc. or Calvert.

Timothy Calvert Disclosed Sales Practice Violation Allegations By First Citizens Investor Services Client

Particularly, a client of First Citizens Investor Services Inc. contested Timothy Calvert's sales practices, according to a complaint dated November 6, 2025. Allegedly, the client's power of attorney claimed that the client did not knowingly authorize the purchase of a new indexed annuity carrying a seven-year commitment period. The complaint further alleged that the client believed documents signed during the transaction were intended to make administrative updates to existing policies rather than establish a new annuity contract. It appears that Calvert allegedly caused the client to sustain damages. Therefore, the client sought compensation from First Citizens Investor Services Inc. or Calvert in the amount of $28,624.92 in this matter.

First Citizens Investor Services Investor Accused Calvert Of Unauthorized Transaction

Also, on May 21, 2021, a First Citizens Investor Services client filed a complaint about Timothy Calvert. Mainly, the client alleged that Calvert caused a seven-year fixed annuity to be purchased despite the client's contention that a five-year annuity was the contract that had been agreed to. The client further alleged that the longer-term annuity generated a higher commission for the representative. Because of this, the client allegedly sustained damages. As a result, the client requested compensation from First Citizens Investor Services or Calvert. The complaint was denied on July 12, 2021.

Were You Impacted By Securities Broker / Financial Advisor Timothy Calvert?

Do you have concerns or questions regarding investments you made with Timothy Calvert? You should contact Soreide Law Group at (888) 760-6552 or online. Talk with a securities attorney concerning a potential recovery of your investment losses. Soreide Law Group has recovered losses for hundreds of clients throughout the US. Also, our securities lawyers work on a contingency fee basis and advance all costs. Calvert and brokerage firms Calvert worked for deny accusations of sales practice violations.