Tim Traycoff Allegedly Violated FINRA Rules

Tim Traycoff (CRD #: 2086218), a broker registered with Charles Schwab, is the subject of an investor dispute. This dispute appears on his BrokerCheck record, accessed on September 19, 2023. Keep reading if you have questions about this dispute. 

On July 26, 2023, an investor alleged that Charles Schwab representatives, including Trim Traycoff, made misrepresentations and unsuitable investment recommendations relating to municipal bonds. These violations of FINRA rules allegedly led to losses. 

FINRA Rule 2111 – Unsuitable Investments 

FINRA Rule 2111 defines suitable investments as securities that fit an investor’s profile. Investor profiles have information on the investor’s age, risk tolerance, tax status, investing experience, and financial goals. This rule also prohibits excessive trading – the number of trades must not be so large that the transaction fees unfairly compromise the investor’s returns. “Unsuitable investments” are any securities that violate FINRA Rule 2111. 

FINRA Rule 2020

FINRA Rule 2020 prohibits the misrepresentation of investments or omission of material facts. Material facts include information about an investment’s potential returns, as well as charges, expenses, and fees. 

Background Information 

Tim Traycoff has passed the following exams: 

• Series 66 Uniform Combined State Law Examination 
• Series 63 Uniform Securities Agent State Law Examination 
• SIE – Securities Industry Essentials Examination 
• Series 7 General Securities Representative Examination 
• Series 6 Investment Company Products/ Variable Contracts Representative Examination 
• Series 10 General Securities Sales Supervisor – General Module Examination 
• Series 9 General Securities Sales Supervisor – Options Module Examination 

He is a registered broker in 15 states and is a registered investment adviser in Louisiana. 

Tim Traycoff has registered with the following firms: 

• Charles Schwab & Co. (CRD #: 5393) 
• New England Securities (CRD #: 615) 

Kurta Law Can Help

If you worked with Tim Traycoff and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.