Touloukian is accused of making material misrepresentations concerning private placements.
The Sonn Law Group is investigating allegations that Timothy Touloukian made material misrepresentations. If you or a family member has suffered losses investing, we want to discuss your case. Please contact us today for a free review of your case.
Timothy Touloukian (CRD#: 2803832) was registered as a broker with Paulson Investment Company from 2013 until 2020. Previously, Touloukian was registered with John Caris Investments LLC, a firm that has since been expelled by FINRA. Touloukian was also registered with Advanced Equities, Inc., who was also expelled by FINRA.
Touloukian currently has twelve disclosures on his BrokerCheck report.
January 2020 Customer Dispute
- Status: Pending
- Allegations: “Plaintiff alleges material misrepresentations concerning an investment in a private placement.”
- Damage Amount Requested: $500,000.00
January 2020 Customer Dispute
- Status: Pending
- Allegations: “Plaintiff alleges Mr. Touloukian made material misrepresentations concerning an investment in a private placement.”
- Damage Amount Requested: $200,000.00
May 2014 Judgment / Lien
- Judgment / Lien Amount: $10,210.00
- Judgment / Lien Type: Tax
- Broker Comment: “I’m negotiating with the IRS to establish a payment plan.”
May 2014 Judgment / Lien
- Judgment / Lien Amount: $633.00
- Judgment / Lien Type: Tax
- Broker Comment: “I’m negotiating with the IRS to establish a payment plan.”
January 2012 Regulatory Judgment
- Status: Final
- Initiated By: Pennsylvania contact: Counsel Jill D. Helbing (412)-565-5083
- Allegations: “Timothy R. Touloukian offered for sale stock neither registered nor exempt from registration according to the PA Securities Act of 1972.”
- Resolution: Settled
- Sanctions: Civil and Administrative Penalty(ies)/Fine(s)
- Amount: $5,000.00
- Sanctions: Monetary Penalty other than Fines
- Amount: $2,800.00
- Sanctions: “The summary order to cease and desist issued to Timothy R. Touloukian on June 28, 2011 is prospectively rescinded. Timothy R. Touloukian is ordered to pay a $5,000.00 administrative assessment and $2,800.00 investigative and legal costs. Payment to be made as follows: $1,950.00 on or before 3/30/12; $1,950.00 on or before 3/30/12; $1,950.00 on or before 6/29/12; $1,950.00 on or before 9/28/12; and $1,950.00 on or before 12/31/12.
September 2011 Employment Separation After Allegations
- Firm Name: Advanced Equities, Inc.
- Termination Type: Permitted to Resign
- Allegations: “Accused by the Commonwealth of Pennsylvania for soliciting private equity investment from non-qualified investors.”
August 2010 Customer Dispute
- Status: Settled
- Allegations: “Customers have initiated arbitration proceedings against the firm alleging breach of fiduciary duty, fraud, misrepresentation, excessive trading; Mr. Touloukian was rep for the claimant’s account.”
- Damage Amount Requested: $250,000.00
- Settlement Amount: $10,000.00
December 2006 Regulatory Judgment
- Status: Final
- Initiated By: Connecticut
- Allegations: “The consent order was predicated on claims that, in 2006, Timothy Touloukian had been suspended by the National Association of Securities Dealers for 45 days and fined $15,000 based on allegations that Touloukian, acting for the benefit of four hedge fund clients, violated NASD Rule 2110 by using different broker codes to circumvent mutual fund policies against excessive market timing (acceptance, waiver and consent number EAF0400370003). The suspension concluded on September 20, 2006.”
- Resolution: Consent
August 2001 Employment Separation After Allegations
- Firm Name: First Union Securities
- Termination Type: Permitted to Resign
- Allegations: “Failure to follow firm policy on mutual fund switching.”
- Broker Comment: “I was given authorization to sell several funds in my cousin’s account because she needed the money for a real estate venture. This venture fell through and a week later client decided to go back in the market and purchase ner funds but in the meantime bought a bond fund as a holding pattern til the market picked up. All these transactions had full documentation but my manager thought I made a poor decision. Because of this and some personal differences between myself and my manager, I asked to leave.
August 1999 Customer Dispute
- Status: Denied
- Allegations: “Client alleges that Timothy Touloukian recommended unsuitable securities to him. Damages are alleged to be $147,000.00.”
- Damage Amount Requested: $147,000.00
- Broker Comment: “CIBC World Markets Corp. responded to the client on 10/13/1999 denying all claims and to date there has been no response received by the customer. CIBC World Markets considers the matter to be closed.”
Contact Us Today
The Sonn Law Group is currently investigating allegations that Timothy Touloukian made material misrepresentations. We represent investors in claims against negligent brokers and brokerage firms. If you or your loved one experienced investment losses, we are here to help. For a free consultation, please call us now at 866-827-3202 or complete our contact form.