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Timothy Sackett Ordered to Pay Fine by Wisconsin Over Unsuitable Transactions

Timothy Sackett (CRD #: 2010125), a broker and an investment advisor registered with Oppenheimer & Co., Inc., has an order from the Wisconsin Department of Insurance to pay a fine for an unsuitable annuity transaction, according to his BrokerCheck record, accessed on August 26, 2020.  This is not the only disclosure on Mr. Sackett’s record.Zoom confusion

On August 3, 2017, the Wisconsin Department of Insurance imposed a fine of $500 after finding that Timothy Sackett had failed to consider suitability when conducting annuity sales, once in 2017 and again in 2019. You can see a copy of the order here.

There are also two tax liens on Mr. Sackett’s record, both from 2016. They total $131,636.

Timothy Sackett has passed the Series 63 Uniform Securities Agent State Law Examination, the Securities Industry Essentials Examination, the Series 7 General Securities Representative Examination, the Series 6 Investment Company Products/ Variable Contracts Representative Examination, the Series 53 Municipal Securities Principal Examination, the Series 24 General Securities Principal Examination, and the Series 26 Investment Company Products/ Variable Contracts Principal Examination.

Mr. Sackett is a registered broker in Arizona, Florida, Missouri, and Wisconsin. He is also an investment adviser in Florida and Wisconsin.

During his 29 years of experience, Timothy Sackett has worked at the following firms:

  • Horace Mann Investors, Inc (CRD #: 11643)
  • MML Investors Services LLC (CRD #: 10409)
  • MSI Financial Services Inc (CRD #: 14251)
  • Metropolitan Life Insurance Company (CRD #: 4095)
  • Security First Financial, Inc (CRD #: 6695)

If Timothy Sackett was your broker and you have questions about your investments, don’t hesitate to contact the securities attorneys at Fitapelli Kurta. Call (877) 238-4175 or email info@fkesq.com for your free case consultation with a securities attorney.

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