Broker Investigation: John Lodge Farmer

John Farmer (CRD#: 5354041) is an actively registered representative of Royal Alliance Associates. Since 2011, Mr. Farmer has worked as a broker and investment advisor based in Prescott, Arizona.

In March of 2018, an investigation was launched into allegations that Mr. Farmer improperly engaged in undisclosed outside business activities.

On November 15th, 2018, FINRA filed a complaint against broker John Farmer. Here, our investment fraud attorneys provide an overview of the allegations against this financial advisor.

FINRA Complaint: Royal Alliance Associates Representative John Farmer

FINRA’s Department of Enforcement alleges that John Farmer participated in unapproved, undisclosed outside business transactions for a period of at least five years. After being introduced to a precious metals seller by a fellow Royal Alliance Associates broker named Charles Taylor, FINRA believes that Mr. Farmer referred several investors to the outside individual.

Between 2011 and 2016, FINRA contends that John Farmer helped to facilitate the purchase of precious metals — away from his brokerage firm — for at least six different investors. This conduct is a violation of FINRA Rule 3270, which prohibits undisclosed, unapproved outside business activities.

In total, the agency believes that Mr. Farmer took in $4,663 in improper commissions and referral fees. FINRA is seeking conclusions of facts and law against this broker, and it requests all appropriate sanctions be imposed.

Speak to a Top Investment Fraud Lawyer Today

At Sonn Law Group, we are passionate advocates for investors. Our legal team has nearly three decades of experience helping investor recover compensation for their losses. For a free, fully private review of your case, please contact our law office today.

Disclaimer: This article contains opinions and NOT statements of fact in any way whatsoever. The information here is general information that should not be taken as legal advice. NO attorney-client relationship is established between you and our attorneys by reading this article. This article is attorney advertising and should not be used as a substitute for legal advice from a qualified securities lawyer.

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