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Customer Alleged Tim Cusick Recommended an Unsuitable Investment Strategy


Tim Cusick

Public records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on February 9, 2018 indicate that California-based Wells Fargo Clearing Services broker/adviser Tim Cusick has received resolved or pending customer disputes. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Cusick (CRD# 734338).

Tim Cusick has spent 36 years in the securities industry and has been registered with Wells Fargo Clearing Services in San Diego, California since 2003. Previous registrations include Prudential Securities in New York, New York (1994-2003); Smith Barney Shearson in New York, New York (1984-1994); and First Jersey Securities (1981-1984). He has passed five securities industry examinations: Series 63 (Uniform Securities Agent State Law Examination), which he obtained on November 14, 1984; Series 31 (Futures Managed Funds Examination), which he obtained on October 29, 1998; Series 5 (Interest Rate Options Examination), which he obtained on May 9, 1988; Series 7 (General Securities Representative Examination), which he obtained on July 18, 1981; and Series 8 (General Securities Sales Supervisor Examination [Options Module & General Module]), which he obtained on February 10, 1988. He is a registered broker and investment adviser with 21 US states and territories: Arizona, California, Colorado, Connecticut, Delaware, Hawaii, Illinois, Massachusetts, Michigan, Missouri, Montana, Nevada, New York, North Carolina, Ohio, Oregon, Pennsylvania, Tennessee, Texas, Virginia and Washington. He is registered with five self-regulatory organizations (SROs): FINRA, NYSE American LLC, Nasdaq PHLX LLC, the Nasdaq Stock Market, and the New York Stock Exchange.

According to his BrokerCheck report, he has received one customer complaint, one pending customer complaint, and one denied customer complaint.

In January 2018 a customer alleged Tim Cusick, while employed at Wells Fargo Clearing Services, made misrepresentations regarding the suitability of the recommended investment strategy. The customer is seeking unspecified damages in the pending complaint.

In October 2017 a customer alleged Tim Cusick, while employed at Wells Fargo Advisors, made unsuitable transactions and “demanded that he sign a document to enroll his account into a program that charged wealth management fees.” The customer sought $75,000 in damages in the complaint, which was denied.

In 1994 a customer alleged Tim Cusick made an unsuitable investment recommendation. The complaint settled for $12,500.

If you or someone you know has a complaint regarding Tim Cusick, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be able to recover lost funds. Fitapelli Kurta accepts all cases on contingency: we only get paid if and when you collect money. You may have a limited window to file your complaint, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.