John Handy, Jr., Jonathon Timson, and Dennis R. Walker Accused of Failing to Disclose Their Control of SignalPoint Asset Management

New Orleans investment fraud attorneyJohn W. Handy, Jr., Jonathon C. Timson, and Dennis R. Walker are accused of failing to disclose their control of a registered investment adviser, SignalPoint Asset Management, LLC, and their conflicts of interest in recommending that their clients invest with SignalPoint, according to an order instituting administrative and cease-and-desist proceedings issued by the Securities and Exchange Commission (“SEC”).

The Peiffer Rosca securities practice attorneys Alan Rosca and Joe Peiffer are investigating the matter.

Handy, Timson, and Walker Form SignalPoint

Handy, Timson, and Walker provided brokerage and advisory services as both registered representatives and investment adviser representatives for Wells Fargo Advisors Financial Network, LLC. Handy, Timson, and Walker, during 2007 and early 2008, requested permission from Wells Fargo to form and own a separate investment advisory firm, according to the SEC. In August 2008, after Wells Fargo denied their request, Handy, Timson, and Walker formed and registered SignalPoint and provided all initial capital for SignalPoint and engaged in other financial dealings with SignalPoint and its member that evidenced their control over the firm, according to the SEC.

Handy, Timson, and Walker Failed to Disclose Their Control of SignalPoint

From the time SignalPoint was formed in August 2008 through at least 2013, Handy, Timson, and Walker also controlled SignalPoint by actively participating in its operations and directing its management and policies, according to the SEC. However, when advising some their advisory clients to invest with SignalPoint, Handy, Timson, and Walker failed to disclose their control of SignalPoint and conflicts of interest associated with their capitalization of and potential receipt of profits from SignalPoint, according to the SEC.

SignalPoint also failed to inform its clients that Handy, Timson, and Walker controlled the firm, according to the SEC. More specifically, SignalPoint’s Forms ADV failed to disclose Handy, Timson, and Walker as control persons and failed to accurately describe their participation in its day-to-day operations.

The Peiffer Rosca securities attorneys often represent investors who lose money as a result of Ponzi schemes, investment fraud, or stockbroker misconduct. They are currently investigating the possibility of assisting victims with the recovery of their losses. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of investment fraud or misconduct may contact the securities lawyers at Peiffer Rosca, Alan Rosca or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at 888-998-0520.

Broker: John W. Handy

Status: INVESTIGATED by Peiffer Rosca.

For brokercheck report and additional info click here!

Broker: Jonathon C. Timson

Status: INVESTIGATED by Peiffer Rosca.

For brokercheck report and additional info click here!

Broker: Dennis R. Walker

Status: INVESTIGATED by Peiffer Rosca.

For brokercheck report and additional info click here!

Alan Rosca (1247 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.

In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.