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.

• View Darnell’s BrokerCheck Report

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!

Call us today at (720) 599-3505 or (206) 795-5798 or fill out our contact form to learn more about your rights.

According to allegations disclosed on FINRA’s BrokerCheck, Ejiro Okuma of Atlanta, Georgia, was permitted to resign by Equitable Advisors in June 2025.  Equitable Advisors disclosed that Okuma “resigned after the Firm suspended him due to allegations of misappropriation by a non-Equitable Advisors’ client”.

The resignation occurred just about two weeks after a customer complaint was filed.   In early June 2025, a customer filed a complaint in FINRA arbitration.  The complaint alleged that Okuma “misappropriated funds from him”.   No dollar amount of losses was listed, but the claim was alleged to be over $5,000.  If You lost money with this advisor, you may be eligible to file a claim for losses.

Who is Ejiro Okuma?

Ejiro Okuma worked in an Atlanta, Georgia office while registered with Equitable Advisors from May 2023 to June 2025.  He was also previously affiliated with Edward Jones from 2010 to May 2023.  Mr. Okuma also owned and operated Okuma Capital Management in Georgia.

Can I Recover My Investment Losses?

Yes—investors have the right to pursue claims through FINRA arbitration, a legal forum designed to help recover funds lost due to broker misconduct or unsuitable investment recommendations.

Ejiro Okuma may be individually liable for misrepresentation, unsuitable advice, or breach of fiduciary duty. However, Equitable Advisors may also bear responsibility if they failed to properly supervise Okuma or ignored warning signs.

We Represent Investors in Georgia and Across the Country

At Israels & Neuman, we have helped thousands of investors nationwide recover money lost to financial advisor misconduct and represent investors throughout Georgia.  Our attorneys have extensive experience handling claims involving investment schemes.

Free Case Review — Speak to a Securities Fraud Attorney Today

If you invested with Ejiro Okuma, contact us at 720-599-3505 or 206-795-5798 for a free case evaluation.

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!

(720) 599-3505 or (206) 795-5798

www.IsraelsNeuman.com

Thomas Kudarauskas has been a registered representative of Woodbury Financial Services from 2007 to the present. He has worked at branch offices in Atlanta, Georgia.

Brokerage firms like Woodbury Financial Services have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.

Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Seattle, Washington; Phoenix, Arizona; and Ann Arbor, Michigan. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in Georgia. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including against Woodbury Financial Services.

CLICK TO VIEW BrokerCheck: Kudarauskas, t BrokerCheck 6.10.21

If you lost money with Thomas Kudarauskas or Woodbury Financial Services, contact the law firm of ISRAELS & NEUMAN at (720) 599-3505 or (206) 795-5798 for a Free evaluation of your case.