Close Menu
Free Consultation: 888-976-6111

Tim Hines: Merrill Advisor Receives Unauthorized Trading Complaint

Bloomington, Illinois financial advisor Tim Hines (CRD# 2341837) allegedly made unauthorized trades, according to a recent investor complaint. Financial Industry Regulatory Authority records show that he is registered as a broker and an investment advisor with Merrill Lynch.

Mr. Hines’ BrokerCheck report discloses one recent investor complaint. Filed in August 2024, it alleges that he engaged in unauthorized trading in customer accounts. The pending complaint alleges unspecified damages.

Merrill Lynch’s website includes a profile of Mr. Hines that describes his experience and services. “He advises clients on wealth management, legacy and asset preservation strategies, stock option strategies, qualified retirement plans including cash balance plans and tax-efficient portfolio construction,” it explains. “He can help clients pursue their objectives by managing on a discretionary basis his own Personalized or Defined Strategies, which may incorporate individual stocks and bonds, Merrill model portfolios, and third-party investment strategies.”

For reference, unauthorized trading may violate FINRA Rule 3260, which outlines specific circumstances in which brokers like Mr. Hines are permitted to conduct securities trading without first consulting the investor. It may also violate FINRA Rule 2010, which requires FINRA-associated persons to “observe high standards of commercial honor and just and equitable principles of trade.” Brokers who participate in unauthorized trading may be held liable for damages and/or subject to disciplinary action.

According to the Financial Industry Regulatory Authority, Tim Hines holds 31 years of securities industry experience. Based in Bloomington, Indiana, he has been registered as a broker and an investment advisor with Merrill Lynch since 1993. His credentials include the passage of five securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Futures Managed Funds Examination, or Series 31; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Investment Adviser Law Examination, or Series 65. He holds 39 state licenses. (Information current as of September 22, 2024.)

Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.

Facebook Twitter LinkedIn
Contact Us For A Free Case Evaluation
protected by reCAPTCHA Privacy - Terms
Latest Blog Posts
  • Johnathan Sawaged: Quint Advisor Fired by B. Riley

    Poughkeepsie, New York financial advisor Johnathan Sawaged (CRD# 7061837) was recently terminated from a former member firm in connection with...

    Read More
  • Kristopher Aubrey: CS Planning Advisor Fired by Edward Jones

    Lafayette, Louisiana financial advisor Kristopher Aubrey (CRD# 6995271) was fired by his former member firm in connection with alleged rule...

    Read More
  • Greg Ritter: $135K Complaint Against Family Financial Advisor

    Delaware, Ohio financial advisor Greg Ritter (CRD# 3087358) allegedly violated securities industry rules and regulations, according to a recent investor...

    Read More
  • Andy Huang: Glendale Securities Advisor Faces $580K Complaint

    Brooklyn, New York financial advisor Andy Huang (CRD# 3268328) recently received an investor complaint that alleges conversion of funds and...

    Read More
  • Previous
  • Next