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Royal Alliance Associates, Inc. Broker Joseph Faherty Recovery Loss Options

Posted on Monday, July 12th, 2021 at 6:15 pm    

Royal Alliance Associates

Erez Law is currently investigating Royal Alliance Associates, Inc. broker Joseph Faherty (CRD# 2258287) regarding real estate investment losses. Faherty has been registered with Royal Alliance Associates, Inc. in Old Tappan, New Jersey since 2005. 

Faherty has been the subject of two customer complaints between 2016 and 2021, one of which was denied, according to his CRD report:

March 2021. “Claimant’s allege that Mr. Faherty recommended an investment product that was unsuitable.” The customer is seeking $100,000 in damages and the case is currently pending. The complaint is regarding real estate investment losses and the complaint took place while Faherty was registered with Royal Alliance Associates, Inc.

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, Royal Alliance Associates, Inc. may be liable for investment or other losses suffered by Faherty’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.