Timothy Ballard Allegedly Engages In Excessive Trading

The law firm of Oakes & Fosher is presently investigating the alleged misconduct of former securities broker Timothy Ballard. According to his publicly available FINRA BrokerCheck report, Timothy Ballard has been the subject of multiple customer disputes.

Timothy Ballard was a California based securities broker. He worked in the securities industry for thirty-four years. During his career, he was registered with nine different securities firms. He is no longer working as a registered securities broker in any fashion.

His Registrations

• IDS/American Express Inc. (1982-1984)


• IDS Marketing Corporation (1982-1984)


• Bretcourt Securities (1984-1985)


• FSC Securities Corporation (1985-1988)


• Anchor National Financial Services (1988-1992)


• Sunamerica Securities (1992-2005)


• AIG Financial Advisors (2005)


• National Planning Corporation (2005-2015)


• Securities America (2015-2016)

The Allegations

• In November 2006, a customer alleged that Timothy Ballard recommended unsuitable securities, committed fraud, churned their account, handled their account negligently, and breached his fiduciary duty. This case was settled for $77,500 in damages.


• In May 2016, a customer alleged that Timothy Ballard mismanaged her investments.


• In May 2018, customers alleged that Timothy Ballard excessively traded their account, recommended unsuitable securities, failed to conduct proper due diligence, made material misrepresentations, over-concentrated their investments in high risk securities, breached his fiduciary duty, and handled their account negligently. This case is currently pending. The customers are seeking $100,001 in damages

What Does This Mean?

One of the most notable allegations levied against Timothy Ballard was that of excessive trading. This is a very serious charge due to how harmful it can be to investors. Investors experience new fees whenever new investments are purchased on their behalf. These fees can really add up when investments are purchased more frequently than is suitable for the investor. These racked up fees can greatly diminish an investor's ability to see desired returns.

Oakes & Fosher Can Help

Many investors are unaware of the legal recourse available to them after losing money due to securities broker fraud and/or negligence. The truth is that investors who have lost money in this fashion may actually be entitled to damages.

Oakes & Fosher dedicates its entire legal practice to helping investors across the nation. If you, or someone you know, have lost money investing with Timothy Ballard, please contact Oakes & Fosher for a free and private consultation. We work on a contingency basis, which means there are no fees charged unless we collect for you.