TIMOTHY DAVID MCVEY

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

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