WILLIAM ARTHUR TIMM is currently employed as a Broker and/or Investment Adviser at LPL FINANCIAL LLC located at 10820 MURDOCK DRIVE, SUITE 102, KNOXVILLE, TN, 37932.
WILLIAM ARTHUR TIMM has worked at LPL FINANCIAL LLC since March 19, 2008
Disclosure History
WILLIAM ARTHUR TIMM has 1 Disclosure Event(s).
Date: May 20, 2009 Category: Customer Dispute Allegations: 03/2007-05/2009; THE CLIENT INDICATES THE INVESTMENTS IN HIS ACCOUNTS WERE NOT IN HIS BEST INTEREST. HE INDICATES THE INVESTMENTS WERE NOT FOLLOWED BY THE FIRM. HE STATES THE INVESTMENTS HAVE PREFORMED POORLY. Damage Amount Requested: $5,000.00 Broker Comment: IT IS OUR UNDERSTANDING THE PURCHASES WERE MADE TO HELP MEET TEH CLIENT'S ACCOUNT INVESTMENT OBJECTIVES. ACCORDING TO THE FORMER FA, THE CLIENT'S OBJECTIVES WERE GROWTH AND INCOME. ACCORDING TO THE MONTHLY STATEMENTS, THE CLIENT RECEIVED THE INCOME DUE ON THE INVESTMENTS. UPON REVIEW OF THE STATEMENTS, THE INVESTMENTS WERE LISTED, DETAILING THE RISK CATEGORY AND THE FIRM'S RECOMMENDATION. IT IS OUR UNDERSTANDING THE CLIENT HAD SEVERAL REVIEWS SINCE THE PURCHASES WERE MADE. IT IS OUR UNDERSTANDING, AFTER REVIEWING THE ACCOUNT THE CLIENT AGREED TO HOLD THE INVESTMENTS. UPON REVIEW OF THE INVESTMENTS WITHIN THE ACCOUNT, THEY APPEAR TO BE WITHIN THE SCOPE OF THE ACCOUNT INVESTMENT OBJECTIVES. WHILE WE UNDERSTAND THE CLIENT'S DISAPPOINTMENT WITH THE PERFORMANCE OF THE INVESTMENTS, THE PERFORMANCE OF THE INVESTMENTS IS ATTRIBUTED TO CIRCUMSTANCES BEYOND OUR CONTROL AND MARKET FLUCTUATION, WHICH IS A RISK ASSOCIATED WITH INVESTING.
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