Investor Alert: Former Triad Advisors, Inc. Financial Advisor Larry Westly Farmbry
Posted on Tuesday, May 9th, 2017 at 3:40 pm
Erez Law is currently investigating former Triad Advisors, Inc. financial advisor Larry Westly Farmbry (CRD# 1017621) regarding unauthorized discretionary trades. Farmbry was registered with Triad Advisors, Inc. in Bala Cynwyd, Pennsylvania from 2015 to 2017.
In August 2015, Farmbry was terminated from employment at First Allied Securities, Inc. and his insurance registration was revoked after allegations that there were “potential incidents of reused client signatures.”
In February 2017, FINRA suspended Farmbry for 30 days and fined him $5,000 in civil and administrative penalties and fines after he consented to the sanctions that he “made 70 discretionary trades in 44 customer accounts without written authorization from the customers and without his member firm having approved the accounts for discretionary trading.”
Additionally, Farmbry has been the subject of three denied customer complaints between 2007 and 2010, according to his CRD report.
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, Triad Advisors, Inc. may be liable for investment or other losses suffered by Farmbry’s customers.
Erez Law represents investors in the United States for claims against former Triad Advisors, Inc. financial advisor Larry Westly Farmbry, who is alleged to make unauthorized discretionary trades in customer accounts. If you were a client of former Triad Advisors, Inc. financial advisor Larry Westly Farmbry or another firm, and 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.