TIMOTHY JOEL HYNES is currently employed as a Broker and/or Investment Adviser at RAYMOND JAMES FINANCIAL SERVICES, INC. located at 4375 NORTH VANTAGE DRIVE, SUITE 103, FAYETTEVILLE, AR, 72703.
TIMOTHY JOEL HYNES has worked at RAYMOND JAMES FINANCIAL SERVICES, INC. since November 15, 2013
TIMOTHY JOEL HYNES has 2 Disclosure Event(s).
Date: September 19, 2011 Category: Customer Dispute Allegations: HUSBAND HAD AN IRA IN WHICH THE SOLE BENEFICIARY WAS A TRUST. UPON THE HUSBAND'S DEATH THE WIFE BECAME THE SOLE TRUSTEE AND BENEFICIARY OF THE TRUST. THE WIFE ALLEGES THAT SHE WAS NOT PROPERLY ADVISED, OR ADVISED AT ALL, ABOUT THE TAX IMPLICATIONS OF THE TRUST TAKING A DISTRIBUTION IN ONE LUMP SUM. CONSEQUENTLY THE WIFE ALLEGES NEGLIGENCE, BREACH OF FIDUCIARY DUTY, BREACH OF CONTRACT AND OTHER VIOLATIONS. Damage Amount Requested: $496,500.00 Settlement Amount: $31,425.00 Broker Comment: SETTLED WITH NO ADMISSION OF WRONGDOING ON THE PART OF MYSELF OR STEPHENS INC. SETTLEMENT MADE IN CONSIDERATION OF LENGTH OF BUSINESS RELATIONSHIP WITH CLIENT AND TO MITIGATE THE ANTICIPATED LEGAL COST OF DEFENDING POTENTIAL CLAIMS. I SIMPLY FOLLOWED THE INSTRUCTIONS OF THE DECEASED CLIENT. I DID NOT PROVIDE THE CUSTOMER WITH TAX ADVICE AND I DENY ALL ALLEGATIONS OF WRONGDOING.
Date: September 03, 2003 Category: Customer Dispute Allegations: CUSTOMER ALLEGED RECOMMENDATIONS OF BAD INVESTMENTS AND CONFLICT OF INTEREST. HOWEVER, MR. HYNES STATES THAT ALL TRANSACTIONS IN CUSTOMER'S ACCOUNT WERE EXECUTED UPON CUSTOMER'S ORDERS ON AN UNSOLICIATED BASIS. Damage Amount Requested: $7,500.00
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