Published On: February 9, 2017

Stoltmann Law Offices is investigating Timothy D. Ballard, a former National Planning Corp broker in Danville, California. In 2006, Ballard was accused of recommending unsuitable investments, committing fraud, breaching fiduciary duty and using unauthorized and unnecessary margin. These are all against securities rules and regulations. Buying on margin allows the customer to buy more stock than he or she would, normally by borrowing money from a broker to purchase stock. Typically, marginable securities are collateral, where the customer must pay interest on the loan. Margin dramatically increases the risk of a portfolio. Margin amplifies any losses sustained in the underlying securities and is therefore only suitable and appropriate for a small percentage of investors. A broker must obtain the customer’s consent and authorization in order to trade on margin. If he does not, his brokerage firm can be held liable for investment losses, as the firm has an ironclad obligation to reasonably supervise its brokers.

According to his Financial Industry Regulatory Authority (FINRA) BrokerCheck report, Ballard was registered with IDS/American Express, FSC Securities Corp, Anchor National Financial Services, SunAmerica Securities in Phoenix, Arizona from May 1992 until October 2005, AIG Financial Advisors in San Ramon, California from October 2005 until December 2005, National Planning Corp in Danville, California from December 2005 until April 2015 and Securities America in Livermore, California from April 2015 until November 2016. He has four customer disputes against him and two judgments/liens. He is not currently registered with any FINRA member firm.

Please call our Chicago and Barrington, Illinois based law firm at 312-332-4200 to speak to one of our attorneys if you suffered investment losses with Mr. Ballard. The call is free with no obligation. We may be able to help you bring legal action against Mr. Ballard’s former firm, National Planning Corp, for allowing him to trade on margin and for other securities violations. The firm may be liable for your losses. We take cases on a contingency fee basis only, so if you do not recover money, we do not make money. Your claim will be brought forth in the FINRA arbitration forum.


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