Emerson Equity LLC broker Timothy Sherer (CRD# 833618) is accused of unsuitable investment recommendations. He has been registered with Emerson Equity LLC in Los Gatos, California, since 2019. Previously, he was registered with Sandlapper Wealth Management, LLC and Sandlapper Securities, LLC in San Jose, California, from 2015 to 2019.
Prior to then, he was registered with SCF Securities, Inc. in San Jose, California, from February to June 2015 and with J P Turner & Company Capital Management, LLC in San Jose, California, from 2008 to 2015.
In March 1988, the California Dept of Insurance restricted his license following allegations of misrepresentation: “Client wanted recovery of $900 loaned cash values. Provident mutual life and I agreed not to pay back the money that was requested by the client he vied for purchases a new policy. Client complained to dept of insurance. Provident paid back the $900. Client didn’t recall the loan transaction in spite of illustrations that showed loans, interest and signed loan forms.”
In August 2002, the National Association of Securities Dealers, Inc. sanctioned him to pay a $37,000 civil and administrative penalty and fine and suspended him for six months related to allegations that he “participated in private securities transactions without providing prior written notification to and receiving written approval from his member firm.”
Timothy Sherer Customer Complaints
He has been the subject of 10 customer complaints between 2010 and 2025, one of which was denied, according to his CRD report. The most recent complaints were regarding:
December 2025. “Suitability.” The complaint was regarding real estate security losses.
November 2025. “Violation of federal securities laws; violations of the California Securities Laws; Unsuitable recommendations, misrepresentations and omissions of material fact; California unfair, unlawful, and fraudulent business practices; common law fraud; breach of contract; breach of fiduciary duty; negligence and gross negligence. 2021.” The complaint was regarding real estate security losses.
October 2025. “Breach of contract and warranties, promissory estoppel; consumer protection and deceptive trade practices act; violation of securities statutes; breach of fiduciary duty; claims under common law; vicarious liability; violation of Regulation Best Interest.” The complaint was regarding real estate security losses.
October 2025. “Breach of Contract and warranties, promissory estoppel; consumer protection and deceptive trade practices act; Violations of securities statutes; negligence and gross negligence; misrepresentation and negligent misrepresentation; Breach of fiduciary duty; Unjust enrichment; vicarious and joint and severable liability; Violation of Regulation Best Interest.” The complaint was regarding real estate security losses.
August 2025. “Breach of contract and warranties, promissory estoppel, consumer protection and deceptive trade practices act, violation of securities statutes, breach of fiduciary duty, claims under common law, vicarious liability, violation of Regulation Best Interest.” The complaint was regarding real estate security losses.
August 2025. “Breach of contract and warranties, promissory estoppel, violation of consumer protection and deceptive trade practices act, violations of securities statutes, breach of fiduciary duty, claims under common law, vicarious liability, violation of Regulation Best Interest.” The complaint was regarding real estate security losses.
June 2024. “Unsuitable recommendations, violation of common law fraud, breach of fiduciary duty, negligence.” The case was settled for $50,000. The complaint was regarding real estate security losses.
Previous complaints were regarding suitability concerns, negligence, and fraud.
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, Emerson Equity LLC may be liable for investment or other losses suffered by Timothy Sherer’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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