July 2021- Sandwich, MA
According to publicly available records Timothy Cooney (CRD#2946727), a former stockbroker who last worked for Allstate Financial Services, has been permanently barred from FINRA.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
In May of 2020,in case #2019064131101, FINRA alleged that Cooney failed to produce documents and information requested by FINRA. The findings stated that his member firm disclosed that he allegedly engaged in undisclosed outside business activity that involved charging fees to firm customers for financial-related services. Cooney was permanently barred from FINRA as a result.
Cooney worked with Allstate Financial Services fromDecember 2011 until July 2019. Before that time he was employed with MML Investors Services and Signator Investors, Inc.
If you had an account with Timothy Cooney that suffered losses, you may be entitled to collect damages from his prior employer. Call to discuss your options.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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