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FINRA Bars Timothy Ballard for Failing to Cooperate with Investigation

FINRA barred Danville, California broker Timothy David Ballard after he failed to respond to a request for information, and subsequently failed to request termination of a FINRA-imposed suspension.

Former employer Securities America, Inc. (Livermore, CA) discharged Ballard (CRD #1073181) in November 2016 for violation of firm policies and procedures, including those related to responding to firm requests.

Ballard, who has multiple judgments/liens disclosed in his BrokerCheck report, previously served as respondent to a customer dispute alleging unsuitability, fraud, churning, negligence, and breach of fiduciary duty.

The associated broker comment stated that the matter was settled jointly between Ballard and his then-firm SunAmerica Securities of Phoenix, with each party contributing 50% of the $77,500 settlement amount.

Prior to joining Securities America in 2015, Ballard was associated with National Planning Corporation in Danville, CA. His file lists additional business activities as Perry Financial (insurance sales), Tim Ballard Health Markets (insurance sales), and Sunrise Senior Living (care manager for elderly residents).

FINRA's regulatory action to bar him is Ballard's sixth disclosure since 2016.

If you have invested with ex-Securities America broker Timothy "Tim" David Ballard or with any financial adviser or representative who has engaged in suitability violations, fraud, churning, or breach of fiduciary duty which has proven harmful to your investments or interests, please call The Law Offices of Jonathan W. Evans & Associates at (800) 699-1881 for an investigation and consultation.

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