David Farber: SEC Investigates Broad Street Advisor

Maitland, Florida financial advisor David Farber (CRD# 3181573) has been named in an investigation by the Securities and Exchange Commission. Financial Industry Regulatory Authority records show that he is registered as a broker with Broad Street Capital Markets.

Mr. Farber’s BrokerCheck report discloses the SEC’s investigation into his conduct. Filed in June 2026, the disclosure states that the SEC Division of Enforcement made a preliminary determination to recommend an enforcement action against him. The disclosure does not describe in detail the proposed allegations against Mr. Farber, though it states that they relate to alleged violations of  Section 17(a) of the Securities Act, which prohibits the use of fraud in the offering or sale of securities; Section 10(b) of the Exchange Act and Rule 10b-5 thereunder, which prohibits deceptive practices, false statements, and insider trading in connection with the purchase or sale of any security; Section 206 of the Investment Advisers Act and Rule 206(4)-8 thereunder, which prohibits fraud in connection with the offering and sale of pooled investment vehicles; and Section 34(b) of the Investment Company Act, which prohibits materially false statements and misleading omissions. The action is still pending.

A second disclosure on his BrokerCheck report concerns an investor complaint against him. Filed in 2016, it alleged that as a representative of Delaney Equity Group, he misrepresented the character of an investment, committed fraud, failed to disclose material facts, and sold investments away from his member firm. In 2018 the complaint reached a settlement of $165,000.

According to the Financial Industry Regulatory Authority, David Farber holds 26 years of securities industry experience. Based in Maitland, Florida, he has been registered as a broker with Broad Street Capital Markets since 2019. His past registrations include BMA Securities, High Point Capital Group, Delaney Equity Group, Ascendiant Capital Markets, Seaboard Securities, Park Financial Group, and Advantage Trading Group. His credentials include the passage of seven securities industry qualifying exams: the General Securities Principal Examination, or Series 24; the Securities Industry Essentials Examination, or SIE; the Investment Banking Registered Representative Examination, or Series 79TO; the Securities Trader Exam, or Series 57TO; the Limited Representative-Equity Trader Exam, or Series 55; the General Securities Representative Examination, or Series 7; and the Uniform Securities Agent State Law Examination, or Series 63. He holds 2 state licenses. (Information current as of September 26, 2026.)

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