A disciplinary action taken by the Financial Industry Regulatory Authority against former Pasadena, California broker and investment advisor Dennis Mehringer...Read More
Dennis Farrah: Colorado Financial Advisor Barred For Failure To Comply With FINRA Investigation
Dennis Farrah, a former General Securities Representative for Taylor Capital Management in Aurora, Colorado, has been barred by the Financial Industry Regulatory Authority (FINRA) for failing to comply with an investigation. In addition, four customer disputes totaling $793,167 and relating to Farrah’s time with Taylor Capital Management have been filed. Allegations from the client complaints include breach of duty, negligence, fraud, misrepresentation, conflicts of interest, and misuse of investor funds. Customers allege during 2016 – 2017, Farrah sold units of Madyson Capital Management REIT while misrepresenting the investment as low risk, guaranteed, safe, and profitable. In January of 2018, the Colorado Securities Division revoked Farrah’s Colorado Sales Representative license related to the sale of a security without his firm’s knowledge or written approval and not recording the transactions in the books or records of TCM.
Farrah had been licensed in the securities industry since 1996. He moved around between eight different firms in under 18 years, finally joining Taylor Capital Management in 2013. According to the firm’s amended disclosure, after Farrah resigned from TCM in December 2017, it learned that the Colorado Securities Division was prepared to bring charges against him.
Today, according to his Linkedin, Farrah still holds himself out as a Registered Representative of “TCM Securities Inc” and is “president of Farrah Tax Advisory Group, LLC/Senior Planning Services, Inc., an independent firm that specializes in issues concerning retirees.”
If you believe Dennis Farrah has sold you unsuitable investments, please call us at 888-976-6111 for a free consultation.