Investor Alert > Timothy Johnson Broker Investigation Following Bar in All Capacities
Posted Dec 19, 2019
by Alan Rosca

Timothy Johnson Broker Investigation Following Bar in All Capacities

Timothy Johnson brokerTimothy Edward Johnson, a former broker and registered investment adviser, was barred by the Financial Industry Regulatory Authority (FINRA) on the allegations of his failure to respond to FINRA’s request for information which is a violation of FINRA Rule 8210, according to an investigation by investor rights attorney, Alan Rosca.

Investor rights attorney Alan Rosca, of the Rosca Scarlato LLC law firm is investigating alleged conduct related to the violation of FINRA Rules by Timothy Johnson in his alleged refusal to respond to FINRA’s request for information. Prior to this allegation, Timothy Johnson was a registered broker with MML Investors Services LLC, a FINRA member firm. However, he was not in the employment of any firm as at the time this allegation was brought against him in 2019.

Timothy Johnson Was Barred by FINRA

According to the reports on Timothy Johnson’s FINRA Brokercheck page, Timothy Johnson was alleged to have failed to respond to FINRA’s request for information, and as a result, he was barred indefinitely in all capacities. Owing to his failure to comply with FINRA Rule 8210 on the request for information, FINRA Rule 9552 was invoked against him. This implies that he was allegedly issued a Letter of Notice of Suspension on September 9, 2019 and a Letter of Suspension from Association on October 4, 2019. Pursuant to the provisions of this rule, the respondent, who in this case is Timothy Johnson had the opportunity to request a termination of suspension within three months of the date of the issuance of the Letter of Notice of Suspension. Timothy Johnson also allegedly failed to make this request and following from that, Timothy Johnson was barred from the association indefinitely on December 12, 2019.

According to the information available on his Brokercheck page, he was allegedly discharged from his previous place of employment in connection with this investigation which centered on his alleged diversion of customer funds for his personal use.

Timothy Johnson Under Pending Investigation

In connection with Timothy Johnson’s termination from MML Investor Services LLC, Jeffrey Schriver of the Pennsylvania Insurance Department also opened an investigation. The investigation is an investigation of the “for cause” employment termination of Timothy Johnson. This seeks to investigate the claims that the registered representatives diverted customer funds for his own use as raised by the firm.

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.

Timothy Johnson InvestigationSecurities Lawyer Investigating

The Rosca Scarlato LLC law firm represents investors who lose money as a result of broker misconduct and is currently investigating conducts related to Timothy Johnson’s bar from failure to respond to FINRA’s request for information. 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 conducts related to Timothy Johnson’s bar from failure to respond to FINRA’s request for information 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.

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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.

Contact us at 888‑998‑0530 or through the contact form on this page.
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