Darrin B. Farrow—Private Securities Transactions without Proper Approval
Darrin B. Farrow Allegedly Participated in Private Securities Transactions, MAD Farmaceuticals and MAD Oregon LLC, without Disclosing Said Transactions to His Broker-Dealer, Royal Alliance
Darrin B. Farrow, of Rocky River, Ohio, allegedly participated in private securities transactions without disclosing said transactions to broker-dealer, Royal Alliance, according to a recent FINRA Letter of Acceptance, Waiver and Consent (AWC) currently under review by Cleveland attorneys Alan Rosca and James Booker.
Darrin B. Farrow, in 2012, founded MAD Farmaceuticals, an entity that provides consulting services to the cannabis industry and also cultivates, produces, and manufactures cannabis in states where such activities are legal, the aforementioned AWC notes.
Darrin B. Farrow, around February of 2015, also formed MAD Oregon LLC, an entity that grows cannabis and supplies it to dispensaries throughout Oregon, the AWC also reports. The Peiffer Rosca Wolf securities lawyers are currently investigating Darrin B. Farrow’s alleged private securities transactions without proper approval.
Darrin B. Farrow Allegedly Solicited Six Royal Alliance Customers to Invest in MAD Oregon; Farrow Suspended and Fined $25,000 by FINRA
Darrin B. Farrow allegedly solicited six Royal Alliance customers to invest in MAD Oregon, according to the aforementioned AWC currently under review by attorneys Alan Rosca and James Booker.
Said six investors allegedly paid a total of $1,000,000 to purchase membership interests in MAD Oregon and Farrow allegedly did not disclose the sale of said membership interest to Royal Alliance, the AWC notes.
Darrin B. Farrow’s actions allegedly violated NASD and FINRA Rules, and hence was suspended for 12 months and fined $25,000 by FINRA, the AWC notes. One should also note that, according to the AWC, Darrin B. Farrow neither admitted nor denied the FINRA findings.
Securities Lawyers Investigating
The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of alleged unauthorized transactions and are currently investigating Darrin B. Farrow’s alleged private securities transactions without approval. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.
Investors who believe they lost money as a result of Darrin B. Farrow’s alleged private securities transactions without approval may contact the Cleveland securities lawyers at Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520.