What Did Your Brokerage Firm or Investment Adviser Do Wrong With GWG
Published On: October 18, 2016

Stoltmann Law Offices is investigating Darrin Farrow, a former registered representative with Royal Alliance Associates. He was recently terminated from the firm. Allegedly, Royal Alliance found out that Farrow was involved in an outside business activity. This is against securities rules and regulations. He also participated in two separate undisclosed outside business activities. The Financial Industry Regulatory Authority (FINRA) found that Farrow founded an unincorporated entity that provides consulting services to the cannabis industry and also cultivates, produces and manufactures cannabis and formed a Delaware limited-liability company that grows cannabis and supplies it to dispensaries throughout Oregon. This involved the sale of more than $1 million of membership interests. This is called “selling away” and is when a broker sells a security that is not offered or sold by his member firm. This can generate large commissions for the broker and can cause fees for the client.

Farrow was registered with The Equitable Life Assurance Society, Equico Securities, Vestax Securities Corp, LPL, Watersone Financial Group, Triad Advisors, Royal Alliance in Rocky River, Ohio from February 2010 until June 2015 and Triad Advisors in Rocky River. He has one customer dispute against him. He is not licensed within the industry. Please call us today if you invested with Darrin Farrow. We may be able to help you bring a claim against his former firm, Royal Alliance, for not properly supervising him and allowing him to sell away from the firm.

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If you have suffered financial losses because of the negligence or fraud of your financial advisor or broker through unsuitable investment recommendations, over-concentration, churning, misrepresenting risks, conversion or selling away, you have legal rights and options to pursue recovery of those losses.

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