The law firm of Oakes & Fosher is presently investigating the alleged misconduct of former securities broker Timothy Gibbons. According to his publicly available FINRA BrokerCheck report, Timothy Gibbons has been the subject of multiple customer disputes.
Timothy Gibbons was a Louisiana based securities broker. He worked in the securities industry for forty-two years. During his career, he was registered with four different securities firms. He is no longer working as a registered securities broker in any fashion.
His Registrations
- Howard, Weil, Labouisse, Friedrichs (1973-1988)
- Legg Mason Wood Walker (1988-2006)
- Citigroup Global Markets (2006-2009)
- Morgan Stanley (2009-2015)
The Allegations
- In November 2015, a customer alleged that Timothy Gibbons invested her account in stocks that were not appropriate for her investment objectives. This case is currently pending. The customer is seeking an undisclosed amount in damages.
- In August 2018, customers alleged that Timothy Gibbons recommended unsuitable investments. This case went to arbitration where the customer was awarded $115,473 in damages.
- In November 2018, a customer alleged that Timothy Gibbons made material misrepresentations and unsuitable investment recommendations regarding investments in the high-risk energy sector. The alleged transgressions caused the customer to incur increased tax liability. This case was settled for $5,000 in damages.
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 Gibbons, 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.
