Investors Complain About Timothy Scanlon

Soreide Law Group is investigating possible investor claims against securities broker Timothy Joseph Scanlon [CRD#: 1968597, Scottsdale, Arizona]. Specifically, FINRA BrokerCheck discloses that investors disputed the sales practices of the securities broker, who worked for Arque Capital Ltd. and Merrill Lynch. Evidently, one or more clients allege sales practice violations in these disputes, including unsuitable transactions. Here is a brief summary of the disclosures about Scanlon. However, please note that the securities broker denies the allegations.

Arque Capital Ltd. Client Accuses Timothy Scanlon Of Unsuitable Transactions

Evidently, on April 18, 2022, an Arque Capital Ltd. client filed FINRA Arbitration #: 22-00217 about Timothy Scanlon. Specifically, the client alleged unsuitable transactions and failure to supervise. Because of this, the client allegedly sustained damages relating to purchases or sales of private placements. Therefore, the client requested $100,001 in compensation from Arque Capital Ltd. or Scanlon. Evidently, this arbitration is pending a resolution.

Merrill Lynch Client Accuses Scanlon Of Unauthorized Transactions

Also, on July 26, 1994, a Merrill Lynch client filed a complaint about Timothy Scanlon. Specifically, the client alleged unauthorized transactions. Because of this, the client allegedly sustained damages. Therefore, on July 26, 1994, Merrill Lynch settled this matter by paying the client $18,000.

Damages Resulting From Arque Capital Ltd. Securities Broker Timothy Scanlon?

Have you experienced damages by investing with Timothy Scanlon? If so, contact Soreide Law Group at (888) 760-6552 and speak with a securities lawyer about a possible recovery of your investment losses. Soreide Law Group, who has successfully recovered money for hundreds of investors in all 50 states, represents clients on a contingency fee basis and advances all costs. Please keep in mind that Scanlon and the brokerage firms Scanlon has associated with deny any and all allegations of sales practice violations.