Erez Law is currently investigating Moloney Securities Co., Inc. broker Dale Timmermann (CRD# 2423919) regarding unsuitable investment recommendations. He has been registered with Moloney Securities Co., Inc. in Vandalia, Illinois, since 2012.
In February 2020, The National Association of Securities Dealers sanctioned him to pay a $1,200 fine related to “respondent executed securities transactions for public customers despite the fact that his securities registration had become inactive based on his failure to complete timely the regulatory element of the continuing education program.”
Dale Timmermann Customer Complaints
He has been the subject of one customer complaint, according to his CRD report:
August 2022. “Suitability/negligence.” The customer is seeking $100,000 in damages, and the case is currently pending. The complaint was regarding corporate debt.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Moloney Securities Co., Inc. may be liable for investment or other losses suffered by Dale Timmermann’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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