Darrin Farrow Investor Disputes, FINRA Sanctions

Royal Alliance Clients Dispute Broker Darrin Farrow's Sales Practices

The Financial Industry Regulatory Authority (“FINRA”) reports troubling information in regard to securities broker Darrin Farrow (CRD#: 1995240). Particularly, four investors brought disputes about the securities broker, who worked for Royal Alliance Associates in Rocky River, Ohio until he was permitted to resign while under suspicion of engaging in an unapproved outside business activity. In addition, FINRA sanctioned Farrow for violating rules on OBAs and private securities transactions. Here’s a summary of these disclosures.

Royal Alliance Clients Allege Unapproved Investment Sales By Darrin Farrow

Reportedly, a client of Royal Alliance took aim at Darrin Farrow’s sales practices. In fact, the client alleged in this February 2020 lawsuit that Farrow sold unapproved investments when he maintained an association with Royal Alliance. For this reason, the client demanded $350,000 in compensation from Farrow or Royal Alliance in this ongoing matter.
Moreover, between 2018 and 2020, three other investors contested Darrin Farrow’s actions and made similar allegations. One of those disputes suggested that Royal Alliance did not approve the investments that Farrow sold. Apparently, Royal Alliance paid that client $92,500 to settle these allegations. The two other disputes collectively involve an alleged $250,000 in damages relating to Farrow’s purportedly unapproved investment sales through Royal Alliance.

Royal Alliance Client Indicates Misrepresentation In Complaint About Farrow

FINRA BrokerCheck reports that a client of Royal Alliance disputed Darrin Farrow’s real estate security sales. In this 2016 complaint, the client alleged that Farrow misrepresented information concerning the time that the client needed to invest in non-traded REITs. Notably, non-traded REITs are often illiquid products: there is no exchange where the investments are freely purchased and sold. Evidently, Royal Alliance denied this complaint.

FINRA Issues $25,000 Fine, 12-Month Suspension To Darrin Farrow

Remarkably, FINRA issued Darrin Farrow a lofty suspension and fine in 2016-2017 to resolve allegations of his unapproved securities sales. Farrow reportedly participated in two outside business activities: MAD Farma and MAD Oregon. Both businesses are involved in the cannabis industry. Supposedly, Farrow sold $1,000,000 in membership interests of one of his Delaware companies after soliciting investments. But Farrow did not tell Royal Alliance about his solicitations or transactions. For this reason, Farrow engaged in private securities transactions (also known as selling away), FINRA found.

Did You Experience Losses By Investing Through Farrow?

Have you experienced losses because of Darrin Farrow at Royal Alliance or Triad Advisors? If so, contact Soreide Law Group at (888) 760-6552 and speak with experienced lawyers about a possible recovery of your investment losses. Soreide Law Group represents clients on a contingency fee basis and advances all costs. The firm has recovered millions of dollars for investors who have suffered losses due to the misconduct of financial advisors and securities brokers. FINRA BrokerCheck indicates that Darrin Barton Farrow denies all allegations of his sales practice violations.