TIMOTHY DAVID MCVEY is currently employed as a Broker and/or Investment Adviser at CENTAURUS FINANCIAL, INC. located at 6700 E. PACIFIC COAST HWY., SUITE #105, LONG BEACH, CA, 90803.
TIMOTHY DAVID MCVEY has worked at CENTAURUS FINANCIAL, INC. since August 31, 2004
Disclosure History
TIMOTHY DAVID MCVEY has 2 Disclosure Event(s).
Date: December 23, 2013 Category: Customer Dispute Allegations: CLIENT ALLEGES THAT THE REPRESENTATIVE RECOMMENDED AN UNSUITABLE INVESTMENT IN JUNE 2013. Broker Comment: INITIAL STATEMENT ADDRESSING COMPLAINT: I BELIEVE THE CLAIMS ARE UNWARRANTED AND COMPLETELY UNFOUNDED. THE INVESTMENT WAS APPROPRIATE BASED ON THE CUSTOMER'S FINANCIAL SITUATION, INVESTMENT OBJECTIVES AND RISK TOLERANCE LEVEL AT THE TIME OF PURCHASE. THE INVESTMENT REPRESENTED A VERY SMALL PORTION OF THE CUSTOMER'S LIQUID NET WORTH (4%) AND WAS PURCHASED BY HER TO DIVERSIFY THE INVESTMENT PORTFOLIO. THE CUSTOMER RECEIVED THE PROSPECTUS OVER TWO MONTHS PRIOR TO MAKING THE INVESTMENT AND WAS FULLY AWARE OF THE CHARACTERISTICS OF THE INVESTMENT, INCLUDING ALL OF THE RISK FACTORS. THE INVESTMENT SPECIFICS/CHARACTERISTICS WERE PRESENTED IN THE WRITTEN DOCUMENTATION GIVEN TO THE CLIENT AND WERE DISCUSSED VERBALLY WITH THE CLIENT, WITH SIGNED DOCUMENTATION BY THE CLIENT CONFIRMING THE SAME.FINAL STATEMENT ADDRESSING FINAL DISPOSITION: I FEEL FULLY VINDICATED IN THAT THE CLIENT DROPPED THE COMPLAINT AND THE MATTER WAS CLOSED. IT IS TROUBLING THAT FRIVOLOUS COMPLAINTS, WITH ERRONEOUS ASSERTIONS AND MISSTATEMENTS OF FACT, ARE FORCED TO REMAIN PART OF A REGISTERED REPRESENTATIVE'S PERMANENT RECORD.
Date: September 24, 1987 Category: Customer Dispute Allegations: INDIVIDUALS HAS PROMISSORY NOTES WITH MY FORMER EMPLOYER, JOHN SIMON/VESPER CORP. WHO DEFAULTED ON SAID NOTES IN 1985. I WAS USED BY MY EMPLOYER WHO REPRESENTED TO ME AN UNTRUE PICTURE ON HIS BUSINESS SUCH AS OVERSTATING THE VALUE OF THE ASSETS SECURING THESE PROMISSORY NOTES. Damage Amount Requested: $5,100,000.00 Settlement Amount: $25,000.00 Broker Comment: $25,000 SETTLEMENT HAS BEEN SATISFIED BY 50 MONTHLY PAYMENTS OF $500.00 PER MONTH ENDING MARCH 1993.
More Information
All individuals registered to sell securities or provide investment advice are required to disclose customer complaints and arbitrations, regulatory actions, employment terminations, bankruptcy filings and criminal or civil judicial proceedings.
A disclosure includes information about customer disputes, disciplinary events and financial matters on the broker's record as reported by securities regulators, the individual broker, and any involved firms. Some of these items may involve pending actions or allegations that have not been resolved or proven. The presence of a disclosure does not automatically indicate any wrongdoing.
BrokerCheck is the source of the data included in this Report. The data was compiled on June 29, 2018.
To view the full report for TIMOTHY DAVID MCVEY, click here.
The use of BrokerCheck data is subject to the BrokerCheck Terms of Use.
×
Outdated Information
If you discover any errors or outdated information on this Website, please contact us and we will promptly correct such errors or outdated information.
If BrokerCheck® is the source of such errors or outdated information, please contact FINRA at (301) 590-6500.
×
BrokerSearch Removal
Brokersearch.info will not fully remove items from this Website without an applicable court order designating them for removal. Investors rely on the information available on this Website to decide whether to choose or retain a broker or investment adviser.
Upon written request, we may remove certain page(s) from appearing in search engine results using the robots.txt protocol.
When a person searches for your name using Google, Bing, Yahoo! and other search engines the page(s) from Brokersearch.info would not appear in the search results.
Please contact us to learn more about Search Engine Removal.