Broker Timothy Croak Allegedly Made Unsuitable Recommendations

Timothy Croak Allegedly Misrepresentated in Recommendations to Invest In and Hold an Options Overlay Strategy

Broker Timothy Joseph Croak allegedly engaged in unsuitability & misrepresentation regarding recommendations to invest in and hold an options overlay strategy, according to a Pending Customer Dispute under review by investor rights attorney Alan Rosca.

The aforementioned Dispute was filed on April 9, 2019, FINRA states, and damage amounts of $$421,868.58 have been requested.

Investor rights attorney Alan Rosca, of the Rosca Scarlato LLC law firm, is investigating activity related to broker Timothy Croak’s alleged engagement in unsuitability and misrepresentation regarding recommendations to invest in and hold an options overlay strategy. Investors who believe they may have lost money in activity related to Timothy Croak’s alleged engagement in unsuitability and misrepresentation regarding recommendations to invest in and hold an options overlay strategy are encouraged to contact attorney Alan Rosca with any useful information or for a free, no-obligation discussion about their options.

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Timothy Croak Settled a Customer Dispute Alleging Misrepresentation of Two Bond Purchases as Safe

Reportedly, Croak settled a Customer Dispute that alleged he represented two bond purchases as safe, FINRA reports.

The aforementioned Dispute was settled on July 18, 2002, and a damage amount of $9,800 was settled upon, after $140,000.00 had been requested, as reported on his FINRA Brokercheck page.

Broker Timothy Croak has spent 41 years in the securities industry, has been registered with UBS Financial Services Inc. in New York, NY since November 24, 2015, FINRA notes, and has also been registered with the following firms:

Credit Suisse Securities LLC, New York, NY— January 17, 2003 until December 18, 2015
Donaldson, Lufkin, & Jenrette Securities Corporation, Jersey City, NJ— May 22, 1990 until January 17, 2003

Finally, it is important to note that, as of the date of this article, there has not been a finding of liability as to the complaints or allegations mentioned in this article, unless otherwise indicated. Any reader should also read the original sources hyperlinked in this blog for accuracy, including any BrokerCheck report and/or record of any disciplinary or regulatory action. Those sources are incorporated by reference into the text of this blog, and are the governing materials in case of any inconsistencies or typos in this blog.

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Securities Lawyer Investigating

The Rosca Scarlato LLC law firm represents investors who lose money as a result of investment-related fraud or misconduct and are currently investigating Timothy Croak’s alleged engagement in unsuitability and misrepresentation regarding recommendations to invest in and hold an options overlay strategy. The firm takes most cases of this type on a contingency fee basis and advance the case costs, and only gets paid for their fees and costs out of money recovered for clients. Attorney Alan Rosca, a securities lawyer and adjunct professor of securities regulation, and has represented thousands of victimized investors across the country and around the world in cases ranging from arbitrations to class actions.

Investors who believe they lost money as a result of broker Timothy Croak’s alleged engagement in unsuitability and misrepresentation regarding recommendations to invest in and hold an options overlay strategy may contact attorney Alan Rosca for a free no-obligation evaluation of their recovery options, at 888-998-0530, via email at arosca@rscounsel.law, or through the contact form on this webpage.

DISCLAIMER

In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow matters about which we report, and/or to publish subsequent updates regarding various developments that may occur in such matters. Readers are encouraged to conduct their own research regarding any such matters and any developments that may or may not have occurred in such matters. Also, the Brokercheck report linked to some of our blogs is the up-to-date version as of the date of accessing by the reader. The information in our blogs is current as of the date of the drafting of the blog, and given that sometimes certain past complaints may no longer be listed in newer Brokercheck reports, some of the events referenced in some of our blogs may later on be removed from newer Brokercheck reports. Visitors may check the most recent version of each brokercheck report at www.finra.org, and may contact FINRA for the earlier version of the Brokercheck report upon which various blogs may be based.

If you believe you lost money as a result of investment-related fraud or misconduct, please contact our law firm for a free, no-obligation evaluation of your recovery options.

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