Timothy Rodgers—Two Unapproved Private Securities Transactions

California stockbroker fraud attorneyTimothy Rodgers Allegedly Participated in Two Unapproved Private Securities

Timothy Rodgers, between May 2010 and August 2012, allegedly participated in two private securities transactions that were not disclosed to or approved by Wells Fargo Advisors (WFA), according to a recent FINRA Letter of Acceptance, Waiver and Consent (AWC).

Timothy Rodgers, a former rep with WFA, also allegedly completed two annual Firm compliance questionnaires in which he purportedly falsely represented that he had disclosed all his private securities investments to WFA, the AWC reports.

One should also note that, according to the AWC, Timothy Rodgers neither admitted nor denied the FINRA findings

Timothy Rodgers Suspended and Fined $10K by FINRA

Timothy Rodgers, during the summer of 2012, allegedly agreed to form K2, LLC (K2) with three individuals, two of whom were purportedly Rodgers’ WFA customers, according to the AWC. In addition, on August 10, 2012, K2 was allegedly formed with the intention of pooling the investors’ funds together to make a single investment of $200,000 through K2 in HS, Inc. (HS), a security, the AWC notes.

What is more, on August 14, 2012, prior to WFA approving Rodgers‘ request to invest in HS individually, K2 allegedly purchased a convertible note in the amount of $200,000 from HS, $50,000 of which purportedly represented Rodgers’ investment, the AWC notes.

Timothy Rodgers, based on the aforementioned behavior, allegedly violated FINRA Rules and has been suspended and fined $10k by FINRA for engaging in two unapproved private securities transactions and for making false statements to WFA on two annual compliance questionnaires, the AWC notes.

The Peiffer Rosca Wolf Securities Lawyers Often Assist Investors

The Peiffer Rosca Wolf securities lawyers assist investors who lose money as a result of unapproved private securities transactions. 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 unapproved private securities transactions are encouraged to contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at 888-998-0520.

Alan Rosca (1163 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.