Thirty-four-year industry veteran and Wedbush Securities Inc. broker Joel Farnsworth (CRD# 1980052) faces a $4.2 million customer complaint related to negligence and breach of fiduciary duty. He has been registered with Wedbush Securities Inc. in Los Angeles, California, since 2009, and in the firm’s office in Tyler, Texas, since 2020.
Joel Farnsworth Customer Complaints
He has been the subject of two customer complaints between 2019 and 2023, according to his CRD report:
July 2023. “Negligence and Breach of Fiduciary Duty.” The customer is seeking $4,200,000 in damages and the case is currently pending. The complaint was related to government debt investment losses.
April 2019. “Financial Advisor unduly benefited from the execution of a Transfer of Death form.” The customer sought $600,000 in damages, and the case was settled for $26,000.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Wedbush Securities Inc. may be liable for investment or other losses suffered by Joel Farnsworth’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
"*" indicates required fields