Investors have come forward with complaints about Timothy Allen Thelen (also known as Tim Thelen) (CRD: 1924966, Scottsdale, Arizona). Evidently, the securities broker, who worked for Aeon Capital Inc., discloses client disputes via Financial Industry Regulatory Authority (FINRA) BrokerCheck. Particularly, Aeon Capital Inc. clients allege that Thelen breached a contract, breached a fiduciary duty, was negligent, made misrepresentations, and failed to perform due diligence. For more on these disclosures about Thelen, see below.
Thelen Discloses Breach Of Contract Allegations By Aeon Capital Inc. Client
Specifically, a client of Aeon Capital Inc. contested Timothy Thelen’s sales practices by filing FINRA Arbitration: 23-00493 on May 11, 2023. Allegedly, Thelen breached a contract, breached a fiduciary duty, was negligent, made misrepresentations, and failed to perform due diligence. It appears that Thelen caused the client to sustain damages on options, mutual funds, and real estate securities, and GWG L-Bonds. Therefore, the client seeks compensatory relief from Aeon Capital Inc. or Thelen in the amount of $1,000,000 in this ongoing matter.
Aeon Capital Inc. Investor Accused Timothy Thelen Of Breach Of Fiduciary Duty
Also, an Aeon Capital Inc. client filed FINRA Arbitration: 19-02043 about Timothy Thelen. Namely, the client alleged that Thelen breached a fiduciary duty and was negligent. Because of this, the client allegedly sustained damages on private placements. Therefore, on October 13, 2021, Aeon Capital Inc. settled this matter by paying the client $150,000 in damages.
Thelen Discloses Breach Of Fiduciary Duty Allegations By Aeon Capital Inc. Client
Specifically, a client of Aeon Capital Inc. contested Timothy Thelen’s sales practices, according to a complaint dated August 20, 2018. Allegedly, Thelen breached a fiduciary duty with regard to private placement sales. Therefore, the client asked for compensatory relief from Aeon Capital Inc. or Thelen in this matter. However, the client closed this dispute without resolving it.
Thelen Discloses Unsuitable Recommendations Allegations By Berthel Fisher Company Financial Services Inc. Client
Specifically, a client of Berthel Fisher Company Financial Services Inc. contested Timothy Thelen’s sales practices, according to a complaint. Allegedly, Thelen made unsuitable recommendations based on the age of the investor. Supposedly, Thelen caused the client to sustain damages on variable annuities. Therefore, Berthel Fisher Company Financial Services Inc. opted to settle the matter on February 1, 2008, by compensating the client in the amount of $20,000.
Berthel Fisher Company Financial Services Inc. Investor Accused Timothy Thelen Of Failure To Follow Instructions
Also, a Berthel Fisher Company Financial Services Inc. client filed a complaint about Timothy Thelen. Namely, the client alleged that Thelen failed to follow instructions. Because of this, the client allegedly sustained damages on mutual funds and equities. Therefore, on February 16, 2007, Berthel Fisher Company Financial Services Inc. settled this matter by paying the client $22,500 in damages.
- Thelen worked for Aeon Capital Inc. in Scottsdale, Arizona, as a securities broker from January 6, 2018, to March 10, 2023.
- Thelen worked for Accelerated Capital Group in Scottsdale, Arizona, as a securities broker from May 27, 2013, to January 29, 2018.
- Thelen has worked for American Trust Investment Services Inc. in San Clemente, California, as a securities broker since May 16, 2023.
Did Aeon Capital Inc. Securities Broker Thelen Cause You To Experience Damages?
Did you suffer damages due to Timothy Thelen? If so, get in touch with Soreide Law Group at (888) 760-6552 and speak with a securities attorney about a potential recovery of your losses. Soreide Law Group, who has successfully recovered money for hundreds of investors across the United States, represents clients on a contingency fee basis and advances all costs. Thelen and investment firms Thelen worked for deny any and all allegations of sales practice violations.
