Former WFG Investments, Inc. Financial Advisor Tim Couch Has $1.5 Million Pending Customer Complaint
Posted on Monday, September 18th, 2017 at 10:09 am
Erez Law is currently investigating former WFG Investments, Inc. financial advisor Tim Couch (CRD# 4073942) regarding unsuitable recommendations, misrepresentations and high frequency trading in customer accounts. Couch has been registered with Dempsey Lord Smith, LLC in Dawsonville, Georgia since August 2017. Previously, he was registered with WFG Investments, Inc. in Dawsonville, Georgia from 2008 to 2017. In 2008, Couch was terminated from employment at Triad Advisors, Inc. in Dawsonville, Georgia regarding, “The Triad compliance department has concluded its review of the facts and circumstances surrounding a possible misappropriation of client funds by a third party, and the subsequent attempt to cover up by the represenative (sp). Triad has determined the representative violated Triad’s internal policies and procedures.”
Couch has been the subject of one customer complaint, according to his CRD report. In May 2017, “Claimants allege unsuitable recommendations, material misrepresentations, high frequency trading and undue securities concentration. Activity is deemed to have occurred between 2009 through 2016.” The customer is seeking $1,500,000 in damages and the case is currently pending.
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, WFG Investments, Inc. may be liable for investment or other losses suffered by Couch’s customers.
Erez Law represents investors in the United States for claims against former WFG Investments, Inc. financial advisor Tim Couch regarding unsuitable recommendations, misrepresentations and high frequency trading in customer accounts. If you were a client of WFG Investments, Inc. or another firm, and 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.