Published On: February 16, 2017

According to a recent Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA), Larry Farmbry allegedly exercised discretion without written authorization in numerous customers’ accounts while he was a broker at First Allied Securities. Allegedly, on October 15, 2014, Farmbry made 70 discretionary trades in 44 customer accounts. None of the customers approved the trades, nor did his brokerage firm. This is against securities laws and Farmbry was fined $5,000 and suspended for 30 calendar days for his misconduct.

Farmbry was registered with Waddell & Reed in Overland Park, Kansas from January 1982 until August 2003, Waterstone Financial Group in Philadelphia, Pennsylvania from August 2003 until January 2008, FSC Securities in Philadelphia from January 2008 until December 2013 and First Allied Securities in Philadelphia from December 2013 until August 2015. He is currently registered with Triad Advisors in Bala Cynwyd, Pennsylvania and has been since October 2015. He has three customer disputes against him.

If you were a victim of Larry Farmbry’s, please call our securities law firm at 312-332-4200 to speak to an attorney about your options. The call is free with no obligation so please call today. We take cases on a contingency fee basis only.

 

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