Articles Tagged with Darrin Farrow

Stoltmann Law Offices is investigating Darrin Farrow, a former registered representative with Royal Alliance Associates. He was recently terminated from the firm. Allegedly, Royal Alliance found out that Farrow was involved in an outside business activity. This is against securities rules and regulations. He also participated in two separate undisclosed outside business activities. The Financial Industry Regulatory Authority (FINRA) found that Farrow founded an unincorporated entity that provides consulting services to the cannabis industry and also cultivates, produces and manufactures cannabis and formed a Delaware limited-liability company that grows cannabis and supplies it to dispensaries throughout Oregon. This involved the sale of more than $1 million of membership interests. This is called “selling away” and is when a broker sells a security that is not offered or sold by his member firm. This can generate large commissions for the broker and can cause fees for the client.

Farrow was registered with The Equitable Life Assurance Society, Equico Securities, Vestax Securities Corp, LPL, Watersone Financial Group, Triad Advisors, Royal Alliance in Rocky River, Ohio from February 2010 until June 2015 and Triad Advisors in Rocky River. He has one customer dispute against him. He is not licensed within the industry. Please call us today if you invested with Darrin Farrow. We may be able to help you bring a claim against his former firm, Royal Alliance, for not properly supervising him and allowing him to sell away from the firm.

Former Royal Alliance Associates broker Darrin Farrow was suspended from the industry for one year and fined $25,000 by the Financial Industry Regulatory Authority (FINRA) for setting up a marijuana-growing business and asking his customers to invest in it without his firm’s approval. Farrow opened a pot business called MAD Farmaceuticals in Rocky River, Ohio in 2012 and in early 2015, raised around $1 million from six clients who bought membership interests in an affiliate called MAD Oregon. He was suspended by FINRA because he did not disclose his outside business activity, which is against securities rules and regulations. Farrow was permitted to resign from Royal Alliance in May 2015. Ohio’s state securities division then suspended him in July 2015 for 45 days. At that time, he was working with Triad Advisors, but left the firm last month.

Farrow was registered with The Equitable Life Assurance Society, Equico Securities, Vestax Securities, Linso/Private Ledger, Waterstone Financial Group, Triad Advisors in Westlake, Ohio from August 2009 until February 2010, Royal Alliance Associates in Rocky River, Ohio from February 2010 until June 2015 and Triad in Rocky River from June 2015 until May 2016. He has one customer dispute against him. He is not licensed within the industry.

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