Timothy W Shuff - Investment Adviser at EDWARD JONES

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Detailed ReportReport

Timothy W Shuff

TIMOTHY WAYNE SHUFF

CRD#: 2342734

Investment Adviser

Broker

EDWARD JONESCRD#: 250

104 N EVERS ST SUITE 102
PLANT CITY, FL 33563

Registration History

Disclosure(s)

View By:

2/13/2004

Customer Dispute

Settled

Allegations

THE ATTORNEY FOR THE CLIENTS ALLEGED THEY LOST A CONSIDERABLE AMOUNT OF MONEY IN THEIR ACCOUNTS BETWEEN 1999 AND SEPTEMBER 2003, AS A RESULT OF UNSUITABLE INVESTMENTS AND MATERIAL OMISSIONS BY EDWARD JONES AND THE IR. THE ATTORNEY ALLEGED THAT THE CLIENTS EXPRESSED THEIR DESIRE FOR CONSERVATIVE, RISK ADVERSE INVESTMENTS AND ALSO STATED THAT THEY WERE NOT SOPHISTICATED INVESTORS.***************** ARBITRATION CASE DESCRIPTION: ALLEGATIONS OF NEGLIGENCE, BREACH OF DUTY, COMMON LAW FRAUD, MISREPRESENTATION AND OMISSIONS, UNSUITABILITY, RESPONDEAT SUPERIOR, FAILURE TO SUPERVISE AND VIOLATION OF FLORIDA STATUTES 517.301, FRAUDULANT TRANSACTIONS IN PLACING CLAIMANTS INTO PUTNAM FUNDS IN THE WIFE'S IRA AND THEIR JOINT ACCOUNT. (AMOUNT CLAIMED: APPROXIMATELY $50,000 COMPENSATORY DAMES, PLUS INTEREST, COSTS, EXPENSES, DISBURSEMENTS, EXPERT WITNESS FEES AND ATTORNEY FEES)

Damage Amount Requested

$50,000.00

Settlement Amount

$9,000.00

Broker Comment

IR ADVISED THAT HE MET WITH THE CLIENTS IN 1998 AND OPENED ACCOUNTS FOR THEM AT THAT TIME. THE IRA ACCOUNT WAS FUNDED WITH AN IRA ROLLOVER AND AN ANNUITY WAS ALSO TRANSFERRED IN AND LINKED TO THIS ACCOUNT. THE CLIENTS ALSO OPENED A JOINT ACCOUNT AND 1035 EXCHANGED ANNUITIES FROM FORTIS. THE IR ADVISED THAT HE CALLED FORTIS TO DETERMINE IF THERE WERE ANY SURRENDER CHARGES ASSOCIATED WITH THIS EXCHANGE, AND THE CLIENTS WERE ADVISED OF THE FEES. IR ALSO HAD THE CLIENTS SIGN ACKNOWLEDGEMENT LETTERS SHOWING THAT THEY UNDERSTOOD THE FEES ASSOCIATED WITH THIS EXCHANGE. DURING THE PAST SIX YEARS, IR STATED HE MET NUMEROUS TIMES WITH THE CLIENTS TO DISCUSS THEIR PORTFOLIOS AND REVIEW MARKET FLUCTUATION. IR ALWAYS ADVISED THE CLIENTS TO DIVERSIFY AMONG OTHER MUTUAL FUNDS, AND FINALLY, IN 2000, THE CLIENTS AGREED TO EXCHANGE AMONG SOME OTHER FUNDS WITHIN THE FUND'S FAMILY. THE CLIENTS WERE SENT CUSTOMER STATEMENTS AND VERIFICATION LETTERS DURING THE PAST SIX YEARS DISCLOSING THE VALUE OF THEIR ACCOUNTS, AND HOW THE FUNDS WERE INVESTED. THE IR ADVISED THAT THE CLIENTS' INSTRUCTIONS WERE FOLLOWED ON THESE ACCOUNTS. THE CLAIM FOR REIMBURSEMENT FROM THE CLIENT'S ATTORNEY WAS DENIED.*****ARBITRATION DISPOSITION: SETTLED FOR $9,000.

License(s)

State Registrations

Alabama 9/5/2017

New Jersey 7/8/2019

Delaware 8/14/2023

North Carolina 3/20/2006

Florida 9/12/1996

Ohio 8/5/2015

Florida 5/3/2007

Oklahoma 1/2/2014

Georgia 9/30/2002

Pennsylvania 4/30/2019

Kentucky 1/29/2021

South Carolina 4/17/2023

Maine 9/25/2017

Tennessee 11/30/2012

Maryland 3/31/2023

Texas 5/4/2001

Missouri 1/7/2000

Texas 8/26/2014

Nevada 10/9/2017

Virginia 8/10/2012

SRO Registrations

FINRA

NYSE American LLC

Nasdaq Stock Market

New York Stock Exchange

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Not all jurisdictions require IAR registration or may have an exemption from registration.

Current Registration(s)

EDWARD JONES (CRD#:250)

104 N EVERS ST SUITE 102, PLANT CITY, FL 33563

Registered with this firm since 5/3/2007

EDWARD JONES (CRD#:250)

104 N EVERS ST SUITE 102, PLANT CITY, FL 33563

Registered with this firm since 9/9/1996

Previous Registration(s)

th hidden text	th hidden text	Name	Location
B	07/01/1993 - 08/28/1996	HORACE MANN INVESTORS INC (CRD#:11643)	SPRINGFIELD, IL

HORACE MANN INVESTORS INC (CRD#:11643)

SPRINGFIELD, IL

07/01/1993 - 08/28/1996

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Broker

A brokerage firm, also called a broker-dealer, is in the business of buying and selling securities – stocks, bonds, mutual funds, and certain other investment products – on behalf of its customer (as broker), for its own bank (dealer), or both. Individuals who work for broker-dealers - the sales personnel are commonly referred to as brokers.

Investment Adviser

An investment adviser is paid for providing advice about securities to clients. In addition, some investment advisers manage investment portfolios and offer financial planning services.

Disclosures

Disclosures can be customer complaints or arbitrations, regulatory actions, employment terminations, bankruptcy filings and certain civil or criminal proceedings that they were a part of.