Erez Law is currently investigating Independent Financial Group, LLC broker Timothy Yee (CRD# 2492578) regarding real estate investment trust (REIT) losses. He has been registered with Independent Financial Group, LLC in Alameda, California, since 2015. He was registered with LPL Financial LLC in Alameda, California, from 2014 to 2015, when he was terminated regarding, “participating in private securities transactions without providing written disclosure to and obtaining written approval from the firm.”
In February 2016, FINRA sanctioned him to pay a $7,500 civil and administrative penalty and fine and suspended him for 15 days after he “consented to the sanctions and to the entry of findings that he along with his spouse, participated in private securities transactions by purchasing securities in privately-held companies using personal funds without providing written notice to his member firm and obtaining its approval.” FINRA found that he “inaccurately stated on a questionnaire he submitted to the firm that he had not participated in any private securities transactions for personal investment or otherwise. The findings also stated that Yee solicited the firm’s customers to invest in a company without providing written notice to or receiving approval from his firm to solicit investors for the company. None of the customers invested in the company.”
Timothy Yee Customer Complaints
He has been the subject of one customer complaint, according to his CRD report:
August 2025. “Claims investments were not suitable, breach of fiduciary duty and financial abuse of an elderly person.” The case is currently pending. The complaint was regarding a REIT.
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, Independent Financial Group, LLC may be liable for investment or other losses suffered by Timothy Yee’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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