Fariba Madison: $300K Bond Complaint Against Los Alamitos Advisor
Western International Securities financial advisor Fariba Madison (CRD# 1178259) has received investor complaints alleging her investment advice resulted in losses, in one case six-figure losses. Financial Industry Regulatory Authority records show that she is a broker and investment adviser based in Los Alamitos, California.
Ms. Madison’s BrokerCheck report discloses two recent investor complaints against her. The most recent, filed in June 2022, alleges that as a representative of Western International Securities, she engaged in negligence in relation to the sale of corporate bonds. The pending complaint alleges damages of $300,000. In a comment on the disclosure, Ms. Madison wrote that she “denies any and all allegations.”
A second complaint, filed in May 2022, alleges that as a representative of Western International Securities, Ms. Madison made negligent misrepresentations regarding corporate bond investments. The pending complaint alleges unspecified damages estimated to be more than $5,000. In a comment on the disclosure, Ms. Madison again wrote that she “denies any and all allegations.”
According to the Financial Industry Regulatory Authority, Fariba Madison holds 35 years of securities industry experience. Based in Los Alamitos, California, she has been a broker and investment advisor with Western International Securities since 2012. Her past registrations include US Bancorp Investments (Los Alamitos, California; 2006-2012), Citicorp Investment Services (Riverside, California; 2005-2006), Essex National Securities (Napa, California; 2003-2005), Gateway Investment Services, Fiserv Investor Services, Fimco Securities Group, National Partnership Equities, and ISFA Corporation. Her credentials include the passage of eight securities industry qualifying examinations: the General Securities Principal Examination, or Series 24; the General Securities Sales Supervisor – Options Module Examination, or Series 9; the General Securities Sales Supervisor – General Module Examination, or Series 10; the Municipal Securities Principal Examination, or Series 53; the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Investment Adviser Law Examination, or Series 65. She is licensed in Arizona, California, Colorado, Florida, Nevada, Oregon, and Texas. (Information current as of July 12, 2022.)
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