Goodman & Nekvasil P.A, Has Already Filed Two Arbitration Claims – Darrin Barton Farrow (Darrin Farrow) Suspended by FINRA and Permitted to Resign from Royal Alliance Associates, Inc. for Selling the MAD Oregon Investment
Our Firm recently filed two arbitration claims against Royal Alliance Associates, Inc. with one on behalf of an investor who invested $100,000 in MAD Oregon, LLC. Based on our investigation we believe that Royal Alliance did not reasonably supervise Darrin Farrow. Royal Alliance began investigating Darrin Farrow on March 27, 2015 for “engaging in an outside business activity beyond the scope of the previously approved outside activity” and failed to warn their clients.
From 2010 until Darrin Farrow’s resignation in 2015, Darrin Farrow was licensed with Royal Alliance Associates, Inc. Additionally, Darrin Farrow was also licensed with Triad Advisors, Inc. from 2015 until 2016. According to FINRA records, Darrin Farrow was permitted to resign on May 18, 2015. Royal Alliance Associates, Inc. reported to FINRA that Darrin Farrow was permitted to resign after the firm received information that he was involved in an offering of shares in an outside business activity that was not disclosed to or approved by the firm.
Subsequent to Darrin Farrow’s resignation, FINRA brought a disciplinary action against Darrin Farrow. Darrin Farrow consented to a 1-year suspension from the securities industry and a $25,000 monetary fine. Darrin Farrow consented to the entry of findings that Darrin Farrow founded an unincorporated entity, MAD Farmaceuticals, as well as, forming a limited-liability company, MAD Oregon, LLC, that were not disclosed to his firm. The findings also state that Darrin Farrow participated in undisclosed private securities transactions with firm customers involving $1,000,000 of membership interests by soliciting the customers to invest in MAD Oregon, LLC.
FINRA also reports that Ohio brought a disciplinary action against Darrin Farrow. Darrin Farrow consented to a cease and desist and a 45-day suspension.
If you lost any money on investments with Darrin Farrow, including investments in MAD Oregon, LLC, you may be able to recover your losses from Royal Alliance Associates, Inc. and/or Triad Advisors, Inc. This is because Royal Alliance Associates, Inc. and Triad Advisors, Inc. had a duty to supervise Darrin Farrow.
If you lost money on investments with Darrin Farrow and believe that the investments may have been unsuitable or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action against Royal Alliance Associates, Inc. and/or Triad Advisors, Inc., concerning Darrin Farrow’s conduct. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.
Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. Goodman & Nekvasil, P.A. has recovered more than $170 million on behalf of victimized investors. If you lost money on investments with Darrin Farrow and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.
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