Were you the victim of Raymond James Financial Services, Inc. broker Timothy Bartelt (CRD# 2501532)? Bartelt has been registered with Raymond James Financial Services, Inc. in Elm Grove, Wisconsin since 2008.
In 1997, the Ohio Division of Securities opened an investigation into Bartelt alleging, “Violation of Ohio Revised Code section 1707.44(B)(4).” Bartelt was sanctioned to a cease and desist.
Bartelt has been the subject of one customer complaint, according to his CRD report:
May 2021. “FA recommended unsuitable investments, over-concentrated claimant in energy sector securities, misrepresented the nature of certain securities, and engaged in churning.” The customer is seeking $3,000,000 in damages and the case is currently pending. The complaint was regarding common and preferred stocks and unit investment trusts (UITs).
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, Raymond James Financial Services, Inc. may be liable for investment or other losses suffered by Bartelt’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.