Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on August 16, 2016 indicate that Minnesota-based Feltl & Company broker Timothy O’Brien has been sanctioned by FINRA. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. O’Brien (CRD# 1182298).

Timothy O’Brien has spent 32 years in the securities industry and has been registered with Feltl & Company in Inner Grove Heights, Minnesota since 2012. Previous registrations include Robert W. Baird & Company in Edina, Minnesota; Prudential Securities in New York, New York; Dean Witter Reynolds in Purchase, New York; Piper Jaffray & Hopwood in Minneapolis, Minnesota; EF Hutton & Company; and Allison-Williams Company. He is a registered broker with 15 US states: Arizona, California, Colorado, Florida, Idaho, Illinois, Maryland, Minnesota, New York, North Carolina, South Carolina, South Dakota, Texas, Virginia, and Wisconsin.

According to his BrokerCheck report, Timothy O’Brien has received one FINRA sanction and four customer complaints.

In 2014, FINRA sanctioned Timothy O’Brien following allegations he exercised discretion in two customer accounts without obtaining those customers’ written authorization or the approval of his member firm, Feltl & Company, of the accounts as discretionary. He was issued a 10-day suspension and a fine of $5,000.

In 2013, a customer alleged Timothy O’Brien, while employed at Feltl & Company, engaged in unauthorized trading and charged excessive commissions. The complaint settled for $34,000, to which Mr. O’Brien individually contributed $34,000.

In 2013, a customer alleged Timothy O’Brien, while employed at Feltl & Company, executed unauthorized trades and charged excessive commissions. The complaint settled for $20,000, to which Mr. O’Brien individually contributed $20,000.

In 2005, a customer alleged Timothy O’Brien, while employed at Robert W. Baird & Company, recommended unsuitable investments, misrepresented material facts, and charged excessive commissions. The complaint settled for $55,000, to which Mr. O’Brien individually contributed $5,000.

In 2004, a customer alleged Timothy O’Brien, while employed at Prudential Securities, recommended unsuitable investments and unsuitable short-term trading. The complaint settled in 2005 for $28,500.

If you have complaints regarding Timothy O’Brien, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be entitled to recoup your losses. All cases are taken on contingency: we only receive payment if and when you recover money. You may have a limited window to file your complaint, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.