Chuck Timmerman: $400K Complaint Against US Bancorp Advisor

Green Bay, Wisconsin financial advisor Chuck Timmerman (CRD# 4463425) recently received an investor complaint alleging his conduct resulted in damages of $400,000. Records maintained by the Financial Industry Regulatory Authority show that he is a broker with US Bancorp Investments, having previously been registered with JP Morgan Securities.

Mr. Timmerman’s BrokerCheck report discloses one investor complaint. Filed in Filed in March 2023, it alleges that as a representative of US Bancorp Investments, he engaged in negligence, executed unauthorized trades, and breached contract. The pending complaint alleges damages of $400,000.

For reference, unauthorized trading may be found to violate FINRA Rule 3260, which describes specific conditions under which brokers like Mr. Timmerman are permitted to make transactions without first consulting the investor. It may also violate FINRA Rule 2010, which stipulates that FINRA-associated persons must “observe high standards of commercial honor and just and equitable principles of trade.” Brokers who engage in unauthorized trading may be held liable for damages and/or subject to disciplinary action.

According to the Financial Industry Regulatory Authority, Chuck Timmerman holds 18 years of securities industry experience. Based in Green Bay, Wisconsin, he has been a broker with US Bancorp Investments since December 2021. His past registrations include JP Morgan Securities (Milwaukee, Wisconsin; 2013-2020), BMO Harris Financial Advisors (Appleton, Wisconsin; 2012-2013), M&I Financial Advisors (Appleton, Wisconsin; 2005-2012), and Northwestern Mutual Investment Services (Milwaukee, Wisconsin; 2002-2005). His credentials include the passage of five securities industry qualifying exams: the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the General Securities Representative Examination, or Series 7; 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 is currently licensed as a broker in Wisconsin. (Information current as of April 22, 2023.)

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