Goodman & Nekvasil P.A, May Recover Investor Losses on Commodity Trading – Joshua Allen Farahi (Joshua Farahi) Suspended by FINRA and Fired by LPL Financial LLC
From 2010 until Joshua Farahi’s firing in 2012, Joshua Farahi was licensed with LPL Financial LLC. According to FINRA’s records, Joshua Farahi was fired by LPL Financial LLC on April 5, 2012. LPL Financial LLC reported to FINRA that Joshua Farahi was fired for engaging in a disapproved outside business activity involving commodities.
Subsequent to Joshua Farahi’s firing, FINRA brought a disciplinary action against Joshua Farahi. Joshua Farahi consented to a 1-year suspension and a $25,000 monetary fine. FINRA reports that Joshua Farahi consented to the entry of findings that Joshua Farahi continued to be actively involved in the operations of a non-FINRA-member commodity trading advisor, Opes Capital Group, LLC. According to FINRA, Joshua Farahi solicited individuals to provide funds for investment to the commodity trading advisor and authorize it to manage trading in their accounts. The findings state that Joshua Farahi earned $52,173.28 in compensation from the commodity trading advisor and provided false information to his firm, LPL Financial LLC, concerning his engagement in the outside business activity.
If you lost any money on investments with Joshua Farahi, including investments with Opes Capital Group, LLC, you may be able to recover your losses from LPL Financial LLC. This is because LPL Financial LLC. had a duty to supervise Joshua Farahi.
If you lost money on investments with Joshua Farahi, including investments with Opes Capital Group, LLC, 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 LPL Financial LLC, concerning Joshua Farahi’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 $300 million on behalf of victimized investors. If you lost money on any other investments with Joshua Farahi 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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