Close Menu
Free Consultation: 888-976-6111

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.)

Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.

Facebook Twitter LinkedIn
Contact Us For A Free Case Evaluation
Latest Blog Posts
  • Blake Rose: $25K Complaint Against Pinnacle Strategies Advisor

    Santa Ana, California financial advisor Blake Rose (CRD# 1836176) is involved in an investor complaint alleging his advice resulted in...

    Read More
  • Lawrence Barrett: Oil & Gas Complaint Against Barrett Wealth Advisor

    A new investor complaint against Orange Village, Ohio financial advisor Lawrence Barrett (CRD# 13429) concerns an oil and gas investment....

    Read More
  • Arete Advisor Dennis Thurman: $100K-$500K GWG L Bond Complaint

    Chicago financial advisor Dennis Thurman (CRD# 2342398) allegedly recommended unsuitable GWG L bonds, according to a recent investor complaint. Financial...

    Read More
  • Did B. Riley’s Darren Daye Sell Unsuitable GWG, GPB Investments?

    Las Vegas financial advisor Darren Daye (CRD# 3032746) allegedly recommended unsuitable investments in GWG Holdings and GPB Waste Management, according...

    Read More
  • Previous
  • Next