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Why Did MS Howells Fire Tucson Advisor Justin Limmer?
Ashton Thomas Private Wealth advisor Justin Limmer (CRD# 3179262) was recently terminated by MS Howells & Company in connection with alleged policy violations. Records provided by the Financial Industry Regulatory Authority and the Securities and Exchange Commission show that he is an investment advisor and former broker based in Tucson, Arizona.
MS Howells & Company Discharged Limmer in October 2022
According to a disclosure contained in Mr. Limmer’s BrokerCheck report, MS Howells & Company terminated his registration in October 2022. The action stemmed from allegations that he “failed to follow firm policy regarding reporting a customer complaint.” The disclosure provides no additional information about the underlying alleged conduct. For reference, FINRA Rule 4530 requires FINRA member firms to report customer complaints within a specified timeframe, and member firms have their own internal reporting rules designed to ensure compliance with industry rules.
Investor Complaint Settled for $60,000
Mr. Limmer’s BrokerCheck report also discloses two investor complaints. The most recent was filed in February 2022. It alleged that as a representative of Ashton Thomas Private Wealth, he invested the accounts of a customer with conservative objectives, low risk tolerance, and limited investment knowledge in separately managed accounts “with an underlying tactical bond fund that declined in value due to market volatility.” In May 2022 the complaint reached a settlement of $60,265.77.
An earlier complaint, filed in 2006, alleged that he recommended unsuitable variable life insurance policy purchases. It alleged damages of $12,717 and was denied by the recipient firm, Securian Financial Services.
What Is Ashton Thomas Private Wealth?
Ashton Thomas Private Wealth’s website describes the firm’s mission to provide investors with clarity about their finances. “At Ashton Thomas, we want to think differently about wealth management, challenge the status quo and constantly push for reinvention,” it states in a section about its guiding principles. “We believe that success is not an entitlement and that it has to be earned every day. Ashton Thomas thrives not just because of our investment advice, but because we’re at our best when we are creating enduring relationships and personal connections.” The firm provides financial guidance, financial planning, investment solutions, workplace retirement solutions, and other services. It has offices in Scottsdale, Tucson, Green Valley, and Peoria, Arizona; Billings, Bozeman, and Helena, Montana; Casper, Wyoming; Las Vegas, Nevada; and Napa Valley, California.
FINRA: Limmer Based in Tucson, Arizona
According to the Financial Industry Regulatory Authority and the Securities and Exchange Commission, Justin Limmer has spent 23 years working in the securities industry. He is currently based in Tucson, Arizona, where he has been an investment advisor with Ashton Thomas Private Wealth since 2018. His registration history includes MS Howells & Company, Securian Financial Services, and Marathon Advisors. He is currently not registered as a broker, though he is registered as an investment advisor in Arizona, California, and Texas. (Information current as of November 28, 2022.)
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