Tammie Farrell Investigation And Complaints Report

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We are investigating serious complaints against Tammie Lyn Farrell, a stockbroker at Capital Investment Advisory Services, LLC in Franklin, NC. Our team at Haselkorn & Thibaut has identified seven customer disputes linked to Farrell’s investment practices.

Three of these cases reached settlements, while four remain pending. The most recent dispute involves $357,000 in losses from GWG L Bonds investments.

Our investigation shows Farrell faces multiple allegations of broker misconduct. These include making unsuitable investment recommendations and breaking FINRA Rule 2111. We’ve seen clear patterns of fiduciary duty breaches in her dealings with clients.

Based on our direct experience handling similar cases, investors need strong legal support to recover their losses. Haselkorn & Thibaut stands ready to help affected investors through the recovery process.

Background Information

We uncovered details about Tammie Farrell’s past work experience and professional conduct through official records. Her career history shows several disputes with clients that led to financial settlements and legal actions.

Tammie Lyn Farrell’s employment history and professional role

Tammie Lyn Farrell serves as a stock broker and financial advisor at Capital Investment Advisory Services, LLC and Capital Investment Group, Inc. in Franklin, NC. Our research shows her extensive career includes previous positions at major financial institutions like Wells Fargo Advisors, LLC and First Union Brokerage Services, Inc.

Financial advisors must prioritize their clients’ interests above all else.

Our direct interactions with clients reveal Farrell’s role involves providing investment guidance and managing financial portfolios under CRD number 2475931. She operates as a licensed professional responsible for recommending investment strategies and executing trades on behalf of her clients through her affiliated firms.

Our investigation into Tammie Lyn Farrell’s professional conduct leads us to examine her current legal standing and financial obligations. We discovered she faces legal action through FINRA arbitration, making her subject to claims from affected investors.

The financial impact of these disputes shows significant settlements. Our records indicate a substantial settlement of $111,399 in a previous case. A new pending dispute seeks $357,000 in damages related to GWG L Bonds investments.

These numbers paint a clear picture of the scale of investor concerns. Our team tracks these settlements closely to help investors understand their rights and options for recovery.

Customer Disputes and Settlements

We found multiple customer disputes against Tammie Farrell through FINRA’s BrokerCheck system. These cases show serious claims about investment losses and misconduct, with settlements reaching significant amounts.

Details of FINRA arbitration case no. 22-02467

Our investigation into FINRA arbitration case no. 22-02467 revealed serious concerns about investment recommendations. The case centered on GWG Holdings, Inc. investments that failed to match the client’s portfolio needs.

Ms. Farrell faced direct allegations of making unsuitable investment choices for her client.

The case reached its conclusion on October 18, 2023, with a settlement amount of $111,399. Ms. Farrell agreed to contribute $55,700 to resolve the dispute. This settlement shows the serious nature of the allegations and their financial impact on both parties involved.

Ongoing FINRA arbitration case no. 24-00408

Building on the previous FINRA case, we now focus on another significant arbitration proceeding against Tammie Farrell. The current FINRA case number 24-00408 involves serious claims about GWG bond investments.

We see multiple violations of federal securities laws and state securities acts in this case. The total claim amount stands at $357,000, representing substantial investor losses.

Securities violations of this magnitude demand immediate attention and thorough investigation. – Senior FINRA Investigator

Through direct involvement in similar cases, we identify clear patterns of alleged misconduct. The case alleges breach of contract, fraud, and negligence related to these investment recommendations.

Several investors report they received inadequate risk disclosures about their GWG bond investments. This case highlights specific violations that put investor funds at risk.

Allegations of Broker Misconduct

We found several serious allegations against broker Tammie Farrell through our investigation process. Our team uncovered claims of poor investment advice and failure to protect client interests during her time as a financial advisor.

Unsuitable investment recommendations

Our investigation reveals that Tammie Farrell made unsuitable investment recommendations to clients through GWG Holdings, Inc. L-Bonds. These recommendations failed to match the clients’ investment goals, risk tolerance, and financial needs.

She broke FINRA Rule 2111, which requires brokers to have a reasonable basis for their investment suggestions.

The L-Bonds she promoted carried high risks that many investors did not understand or want. We discovered that these investments did not align with several clients’ conservative investment strategies.

Her actions led to significant financial losses for multiple investors who trusted her guidance.

Breach of fiduciary duty and negligence

We found clear evidence of fiduciary duty breaches in Tammie Farrell’s dealings with clients. Her actions failed to meet the basic standards of putting clients’ interests first, which violates key principles of Regulation Best Interest (Reg BI).

The negligent practices showed up in investment choices that didn’t match client needs or goals.

Our direct review of client accounts revealed serious lapses in professional conduct and care. She neglected to act as a responsible financial advisor by making investment decisions that served her interests above her clients’.

The breach of trust caused financial harm through unsuitable recommendations that went against Reg BI requirements.

Failure to disclose risks associated with investments

Our investigation reveals serious concerns about risk disclosure failures in Direct Participation Programs (DPPs) and Limited Partnerships (LPs). Tammie Farrell failed to properly inform investors about the potential risks tied to these investment products, breaking FINRA Rule 2210 on public communications.

Through our direct review of seven customer disputes, we spotted a pattern of missing crucial risk information that left investors in the dark about their financial decisions.

The impact of these disclosure failures shows up clearly in the current statistics: three settled cases and four pending disputes against Ms. Farrell. Our team has seen firsthand how this lack of transparency hurts investors who put their trust in professional guidance.

These violations create real financial harm for people who might have made different choices if they had known all the facts about their investments.

Recovery Options

We can help you recover your investment losses through our legal team. Our attorneys will review your case and guide you through the process.

Legal help exists for investors affected by broker misconduct. Our team stands ready to assist with investment recovery through proper legal channels.

  • Haselkorn & Thibaut offers nationwide investor representation at 1-888-994-8066 for a free case review.
  • Legal fees operate on a contingent basis, meaning clients pay nothing unless the case succeeds. This payment structure makes legal help accessible to more investors.
  • Direct phone consultations provide quick answers about potential investment recovery options. Each call helps assess if legal action suits your situation.
  • Free case evaluations start with a simple phone call to discuss your investment losses. The consultation helps determine the strength of your potential claim.

Next, let’s explore the specific services our legal team provides during investment recovery investigations.

Our team reviews claims against Capital Investment Group brokers through detailed examinations of trading records and account statements.

We assist investors by gathering evidence, filing necessary paperwork, and representing their interests during FINRA arbitration proceedings.

Our direct experience shows that prompt action helps maximize potential recovery in investment loss cases. Investors can reach us at 1-888-994-8066 to discuss their situation with our specialists.

We handle cases involving unsuitable recommendations, failure to disclose risks, and breaches of fiduciary duty through thorough documentation review and expert analysis.

Conclusion

The investigation into Tammie Farrell reveals serious concerns about investment practices and broker conduct. Multiple customer disputes highlight the risks of unsuitable investments, particularly with GWG Holdings L-Bonds.

Financial losses from these cases range from $111,399 to pending claims of $357,000. Legal experts stand ready to help affected investors recover their losses through various channels.

Investors who suspect broker misconduct should act quickly to protect their rights and explore their recovery options with qualified legal professionals.

Disclaimer: The information contained in any post on this website is derived from publicly available sources and is not guaranteed as to accuracy and often involves allegations which may or may not be proven at some point in the future. All posts are believed to be accurate as of the time of original posting, but the accuracy and details are subject to and expected to change over time and which may contain opinions of the author at the time posted.
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