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Timothy Myers: $100K Oil & Gas Complaint Against Austin Advisor
A recent investor complaint against USCA Securities financial advisor Timothy Myers (CRD# 1874522) alleges that misconduct connected to an oil and gas investment, resulting in losses. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor based in Austin, Texas.
Mr. Myers’ BrokerCheck report discloses one investor complaint. Filed in May 2022, it alleges that USCA Securities breached its fiduciary duty “in connection with an oil and gas investment in June 2014.” The pending complaint alleges damages of $100,000.
A statement on the pending complaint’s disclosure asserts that the customer in question filed the claim after responding to a lawyer’s solicitation to do so. “Although client was aware years ago that the investment did not perform as expected, the client made no complaint about their financial advisor and continued to work with him until very recently,” the statement continues. “The advisor was not named in the complaint.”
According to the Financial Industry Regulatory Authority, Timothy Myers holds 33 years of securities industry experience. Based in Austin, Texas, he has been a broker with USCA Securities since 2013 and an investment advisor with US Capital Wealth Advisors since 2021. His past registrations include USCA RIA (Houston, Texas; 2013-2021), Wells Fargo Advisors (Austin, Texas; 2004-2013), Citigroup Global Markets (New York, New York; 1995-2004), Chatfield Dean & Company (Greenwood Village, Colorado; 1990-1995), and the Stuart-James Company (Denver, Colorado; 1988-1990). His credentials include the passage of six securities industry qualifying exams: the General Securities Principal Examination, or Series 24; the General Securities Representative Examination, or Series 7; the Futures Managed Funds Examination, or Series 31; 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 licensed in Alabama, Alaska, Arizona, California, Colorado, Georgia, Iowa, Kentucky, Louisiana, Missouri, New Mexico, New York, North Carolina, Ohio, Pennsylvania, Texas, Virginia, Washington, and West Virginia. (Information current as of September 21, 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.