FINRA barred securities broker Timothy Fleming Jefferson (also known as Tim Jefferson) [CRD: 5004750, Brentwood, Tennessee], and investors complained about him, according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Jefferson worked for Aegis Capital Corp. from February 14, 2024 to May 16, 2024, and for Ameriprise Financial Services LLC from August 16, 2013 to November 2, 2023. Read below to understand more about Jefferson’s regulatory disclosures.
Notably, on June 24, 2024, FINRA barred Jefferson from associating with any FINRA member. Notably, FINRA alleged that Jefferson failed to respond to FINRA’s requests for information.
According to FINRA, the sanction stems from Jefferson’s inaction following a Notice of Suspension issued on June 24, 2024, and a Suspension from Association letter sent on July 18, 2024. Jefferson did not request the termination of his suspension within the required three-month window. As a result, he was automatically barred effective September 27, 2024, from associating with any FINRA member firm in any capacity.
Additionally, the Tennessee Securities Division sanctioned Jefferson on June 12, 2024. Allegedly, Jefferson engaged in dishonest and unethical business practices as a securities broker-dealer agent and investment adviser representative. The Division found that Jefferson failed to provide documentation requested by the Tennessee Securities Division regarding his conduct in the state. Consequently, sanctions against Jefferson included revocation of his license and a $5,000 fine.
Specifically, on May 16, 2024, Aegis Capital Corp. disaffiliated with Jefferson. Evidently, Aegis Capital Corp. alleged that Jefferson failed to respond to its internal inquiries. This concerned the regulatory actions against the securities broker.
In addition, a client of Ameriprise Financial Services LLC took aim at Timothy Jefferson’s sales practices by filing FINRA Arbitration No. 24-01058. Allegedly, Jefferson misappropriated funds. It appears that Jefferson caused the client to sustain damages. Therefore, Ameriprise Financial Services LLC opted to settle the matter on May 9, 2025, by compensating the client in the amount of $371,000.00.
Did you suffer losses because of Timothy Jefferson? If so, reach out to Soreide Law Group at (888) 760-6552 or online and talk with a securities attorney concerning a potential recovery. For years, Soreide Law Group has helped to recoup losses for investors throughout the country. Also, the firm handles cases on a contingency fee arrangement and advances the costs. Jefferson and brokerage firms Jefferson worked for deny accusations of sales practice violations.
Soreide Law Group is investigating potential investor claims involving RAD Diversified REIT Inc., specifically focusing on whether brokers or financial advisors improperly recommended this non-traded real estate investment trust despite mounting red flags. RAD Diversified REIT raised investor funds to acquire and manage real estate assets nationwide, positioning itself as an accessible way for individuals […]
Investors apparently complained about securities broker Richard James Carlesco Jr. [CRD: 2135988, Liverpool, New York], given the disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Carlesco worked for IBN Financial Services Inc. from October 24, 2000, to the present, and later registered with Cambridge Investment Research Inc. and Cambridge Investment Research Advisors Inc. beginning April […]
Investors potentially experienced sales practice violations by securities broker Steven Wallace Schmitt [CRD: 4486457, Paramus, New Jersey], according to publicly available information found on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Schmitt worked for Raymond James Associates Inc. since November 9, 2022, and previously worked for Morgan Stanley from October 7, 2016, to November 29, 2022. […]
Phone:
Fax: 1-954-760-6553
Email: info@securitieslawyer.com