According to FINRA, Timothy Charles Sullivan (CRD #2969989) of Danville, California, was suspended from association with any FINRA member firm effective March 21, 2024, for failure to provide information or keep information current pursuant to FINRA Rule 9552(d).

FINRA Rule 9552(d) provides a mechanism for FINRA to suspend individuals who do not comply with regulatory requests for information. The rule is part of FINRA's expedited proceedings framework, which allows the regulator to take action quickly when individuals fail to meet their basic obligations as registered persons. The suspension takes effect automatically after the individual has been given notice and an opportunity to comply but has failed to do so within the prescribed time period.

The suspension of Timothy Charles Sullivan means he is currently prohibited from associating with any FINRA member firm in any capacity requiring registration. This includes roles as a registered representative, investment adviser representative, principal, or any other position that requires FINRA licensing. Sullivan cannot solicit business, execute securities transactions, or provide investment recommendations until the suspension is lifted. The suspension will remain in effect until Sullivan provides the requested information or until the matter is otherwise resolved.

It is important for investors to understand the regulatory significance of a suspension under Rule 9552(d). While a suspension does not carry the same finality as a bar, it indicates that the individual has failed to meet a fundamental obligation of registration. FINRA's information requests may arise from a variety of circumstances, including routine examinations, customer complaints, or tips about potential misconduct. The inability to obtain information from a registered person can impede FINRA's ability to investigate potential violations and protect investors.

Investors who had a relationship with Timothy Charles Sullivan should verify his current registration status through FINRA's BrokerCheck system and review their accounts for any transactions or activities that seem inconsistent with their investment objectives or risk tolerance. If the suspension is eventually lifted, it means Sullivan cooperated and provided the information. If it escalates to a bar, it may indicate more serious concerns. Staying informed about the regulatory status of one's financial professional is a key component of investor protection. This matter is tracked under FINRA Case #2023080723701.