Israels & Neuman, PLC Investigates Timothy Cusick of Wells Fargo
Have you lost money with financial advisor Timothy P. Cusick (CRD# 734338), of Wells Fargo, in San Diego, California? We are investigating allegations of former customers related to Timothy Cusick. Tim Cusick’s BrokerCheck report, a public record maintained by FINRA, states that Cusick has been the subject of one customer complaint in 1994.
Another customer filed a complaint against Cusick and Wells Fargo in January 2018, alleging that Cusick violated securities laws and breached his fiduciary duty with respect to an options trading strategy. The customer alleged that the options trading strategy caused substantial losses. The case settled, but Cusick sought to expunge the customer complaint from his record. The arbitration panel denied Cusick’s request to expunge this matter.
Timothy Cusick is a registered representative of Wells Fargo from 2003 to the present. He works at a branch office in San Diego, California.
Brokerage firms like Wells Fargo have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Seattle, Washington; Phoenix, Arizona; and Ann Arbor, Michigan. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in California and throughout the San Diego area. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including, Wells Fargo.