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Dennis Farrah Accused of Securities Fraud

South-Florida-Broker-Brian-Michael-Berger-Permanently-Barred-by-FINRA-1024x683-300x200Dennis Farrah (CRD #2703960) is a former registered broker and investment advisor whose last employer was Taylor Capital Management Inc. (CRD #43559) of Aurora, CO. His previous employers include Sicor Securities Inc (CRD #16195); expelled by FINRA on 01/31/2014), also of Aurora, Questar Capital Corporation (CRD #43100) of Centennial, CO and Lifemark Securities Corp. (CRD #16204) of Rochester, NY. No current employment information is available. He has been in the industry since 1996.

Farrah submitted his resignation on 12/08/2017, and Taylor Capital notified FINRA by filing a U5 form, standard for registration terminations. Farrah voluntarily resigned after allegations. However, Taylor Capital amended the U5 on 1/23/2018, notifying FINRA that the state of Colorado was planning to file fraud charges for selling away without the firm’s knowledge or approval. His license was revoked by the state on 01/31/2018. On 07/12/2018, criminal charges of securities fraud were filed against Farrah.

Previously, Farrah declined to respond to FINRA’s request for information in the matter, and signed a letter of Acceptance, Waiver & Consent (AWC). FINRA barred Farrah effective 6/18/2018. In it, he neither admitted nor denied the charges, and agreed to the sanctions, which included an indefinite bar in all capacities.

Farrah also has a total of four recent customer disputes which are still currently pending. The collective damages for the cases total $793,167. All four had similar allegations: that Farrah sold them Madyson Capital Management LLC Limited Partnership units and REIT shares without disclosing the risks. He allegedly assured all four customers that these investments were safe, guaranteed low-risk and profitable securities.  Madyson Capital had a number of complaints, including misuses of investor funds, conflicts of interest, misappropriate purchases of assets with investor funds, other misrepresentations and omissions of material facts.

Did You Invest With Dennis Farrah?

If you did, we can review our accounts for any potential inconsistencies. Silver Law Group represents investors in securities and investment fraud cases. Our lawyers are admitted to practice in New York and Florida and represent investors nationwide to help recover investment losses due to stockbroker misconduct.  Most cases handled on a contingent fee basis. This means that you won’t any pay legal fees unless we are successful. Call us toll free at 800-975-4345, or use our online contact form to get in touch.

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