Recently, Norman Farra Jr., a former broker with International Assets Advisory in Tampa, Florida, was barred by the Financial Industry Regulatory Authority (FINRA). FINRA alleged that he participated in undisclosed outside business activities and private securities transactions. These are against securities rules and regulations. This is also sometimes referred to as “selling away,” and is when brokers sell promissory notes and other investments through side businesses, in order to generate more commissions for themselves by offering securities that are not held or offered by their member firm. Firms such as International Assets Advisory can be sued for this behavior, as the firm has a duty to reasonably supervise its brokers. If it does not, it can be held liable for investment losses.
Farra was registered with International Assets Advisory in Tampa, Florida from April 2015 until November 2016 and has one customer dispute against him. He was barred from the industry by FINRA. If you have losses with Farra, please call our securities law firm today at 312-332-4200 to find out how to sue International Assets Advisory in the FINRA arbitration forum on a contingency fee basis. The call is free with no obligation.
The posting on this site are mere OPINIONS and NOT statements of fact in any way whatsoever. The information should not be relied upon and there have been no findings made against the firms or individuals referenced on this site. In addition, this Blog is made available for educational purposes only and incorporates information from the web as well as to give you general information and a general understanding of the law, not to provide specific legal advice. By using this blog site you understand that there is no attorney client relationship between you and Stoltmann Law Offices (161 N Clark Street 16th Floor Chicago, IL 60601). The Blog opinions should not be used as a substitute for competent legal advice from a licensed professional attorney in your state.
PLEASE NOTE THIS IS ADVERTISING AND IT IS NOT A NEWSPAPER ARTICLE OR POST FROM AN INDEPENDENT OR NON-BIASED, NEWS SITE, NEWS SOURCE OR NEWSPAPER.