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Nathaniel Darnell Fired by Bankers Life Securities for PONZI Scheme Allegations
How to Recover Your Losses
Did you invest in First Liberty Building & Loan with Timothy Nathaniel Darnell, also known as Nathaniel Darnell, of Bankers Life Securities? The law firm of Israels & Neuman is looking into allegations involving this advisor, who formerly was a representative with Bankers Life Securities and worked in an Atlanta, Georgia office. Darnell was fired in September 2025 by both Bankers Life Securities and Bankers Life Advisory Services. He primarily goes by his middle name, Nathaniel.
Allegations Regarding Nathaniel Darnell
FINRA’s BrokerCheck discloses that Timothy Nathaniel Darnell was fired by Bankers Life Securities for the following: “1. Failure to disclose outside business activities (OBA), 2. Participation in undisclosed and unapproved private securities transactions (PST), 3. Use of off-channel communications with clients and not following firm policies and procedures related to such.” Under FINRA Rule 3280, financial advisors must get prior approval from their firm to sell any investment.
This termination was likely triggered by a customer complaint that was made in September 2025. The customer alleged losses of $1,000,000 from investments in First Liberty Building & Loan. The customer alleged that First Liberty Building & Loan was a PONZI Scheme run by Edwin Brant Frost IV.
Background on Timothy Nathaniel Darnell
Nathaniel Darnell was licensed with Bankers Life Securities from August 2016 to September 2025 at a Atlanta, Georgia office. He also sold insurance through Bankers Life, and he was also affiliated with Keith Cochran, CPA.
Is Bankers Life Securities Responsible for Darnell’s Conduct?
FINRA Rule 3110 states that securities broker-dealers like Bankers Life Securities must adequately monitor the activity of its advisors. Bankers Life Securities could be responsible for investor losses if it failed to reasonably supervise him.
Israels & Neuman Helps Investors in Georgia
Our specialized law firm represents investors throughout the United States including Georgia, who have been victims of broker misconduct, unsuitable investment recommendations, and fraud. If you were a client of Timothy Nathaniel Darnell and believe he acted improperly, you may be entitled to recover losses through FINRA arbitration.
Contact Israels & Neuman for a Free Case Evaluation
We always offer Free Consultations. If we take your case, we do so on a contingency fee basis—which means there are no attorney fees unless we recover money for you!