Investigation Alert: Tammie Farrell

Soreide Law Group is currently investigating potential claims on behalf of investors who have sustained financial losses involving securities broker and financial advisor, Tammie Lyn Farrell (also known as Tammie Lyn Brown, Tammie Lyn Burk, and Tammie Burk Farrell) [CRD#: 2475931, Franklin, North Carolina]. Tammie Farrell is registered both as a securities broker with Capital Investment Group Inc., where she has been employed since October 9, 2012, and as a financial advisor with Capital Investment Advisory Services LLC, at the same address in Franklin, NC. There have been investor allegations against Farrell, including breach of fiduciary duty, unsuitability, and negligence, leading to client losses. Here’ smore.

Capital Investment Group Inc. Investor Accused Farrell Of Breach Of Fiduciary Duty

Particularly, on February 16, 2023, a Capital Investment Group Inc. client initiated FINRA Arbitration: 23-00403 regarding Tammie Farrell. Notably, the client alleged breach of fiduciary duty, breach of contract, negligence, and negligent supervision. As a result of these alleged actions, the client purportedly incurred losses on direct investments, specifically in DPP and LP interests. Consequently, the client is seeking $100,000 in damages from Capital Investment Group Inc. or Farrell. Evidently, this arbitration matter is currently awaiting a resolution.

Tammie Farrell Disclosed Unsuitable Recommendations Allegations By Capital Investment Group Inc. Client

Also, a client of Capital Investment Group Inc. challenged Tammie Farrell’s investment recommendations by filing FINRA Arbitration: 22-02467. Supposedly, Farrell recommended investments in GWG Holdings Inc. that were not suitable for the clients involved. It appears that Farrell's advice led the clients to suffer damages. Consequently, Capital Investment Group Inc. chose to resolve the issue on October 18, 2023, by compensating the clients a total of $111,399.81.

Capital Investment Group Inc. Investor Accused Farrell Of Unsuitability

Additionally, on October 11, 2022, a Capital Investment Group Inc. client lodged a complaint through FINRA Arbitration: 22-02311 concerning Tammie Farrell. Supposedly, Farrell recommended and sold a product that was unsuitable given the nature of the clients' needs and objectives. This advice allegedly led to financial damages amounting to $145,000 in DPP and LP interests. Therefore, the client is seeking compensation for these alleged losses from Capital Investment Group Inc. or Farrell. Evidently, this arbitration is still pending.

Seek Legal Guidance

Did you experience losses because of Tammie Farrell? If so, reach out to Soreide Law Group online or at (888) 760-6552 and talk with a securities attorney concerning a potential recovery of your investment losses. Soreide Law Group has recovered losses for investors throughout the United States, works on a contingency fee basis, and advances all costs. Farrell and brokerage firms Capital Investment Group Inc. and Capital Investment Advisory Services LLC, with which she was affiliated, deny accusations of sales practice violations.