Tim Dorothy: Raymond James Advisor Faced Suitability Complaint

Atlanta, Georgia financial advisor Tim Dorothy (CRD# 6600401) recently received an investor complaint alleging that his advice resulted in damages. Financial Industry Regulatory Authority records show that he is registered as a broker and an investment advisor with Raymond James & Associates.

Mr. Dorothy’s BrokerCheck report discloses one investor complaint. Filed in January 2026, it alleged that as a Raymond James & Associates representative, he placed the client in an unsuitably illiquid investment. The complaint alleged damages of $149,257 and was denied by the firm.

FINRA rules mandate that advisors like Mr. Dorothy must recommend only investments and investment strategies that meet a standard called suitability for their clients. This standard, outlined by FINRA Rule 2111 and later the SEC’s Regulation Best Interest, describes the need for brokers to “have a reasonable basis to believe that a recommended transaction or investment strategy” is appropriate for a customer’s investment profile, which includes their age, financial situation, liquidity needs, risk tolerance, and other concerns. They must have a reasonable basis to believe the recommendation is suitable for at least some investors and that it is reasonable for the individual customer they’re dealing with. In cases involving a series of transactions where the broker has actual or de facto control over the customer’s account, they must also have a reasonable basis to believe that the series of transactions, “even if suitable when viewed in isolation, is not excessive and unsuitable for the customer.” Brokers who violate these rules may be held liable for damages.

According to the Financial Industry Regulatory Authority, Tim Dorothy holds 10 years of securities industry experience. Based in Atlanta, Georgia, he has been registered as a broker and an investment advisor with Raymond James & Associates since 2016. His credentials include the passage of three securities industry qualifying exams: the Securities Industry Essentials Examination, or SIE; the Uniform Combined State Law Examination, or Series 66; and the General Securities Representative Examination, or Series 7. He holds 32 state licenses. (Information current as of March 14, 2026.)

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