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UPDATE! Dennis Farrah $13 Million Fraud Against Colorado Residents

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19
Jun

UPDATE! Dennis Farrah $13 Million Fraud Against Colorado Residents

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UPDATE!  Dennis Farrah $13 Million Fraud Against Colorado Residents

Dennis Farrah of Colorado Springs Has Been BARRED from Securities Industry

 

-Colorado Springs, CO

 

Have you lost money with financial advisor Dennis Farrah from Colorado Springs, Colorado?  We are continuing our investigation into allegations made by FINRA (the Financial Industry Regulatory Authority) against Dennis Mitchell Farrah.  FINRA barred Farrah from the securities industry after he failed to respond to an investigation regarding his involvement with Madyson Capital Management.

 

Farrah was previously the subject of a complaint by the Colorado Division of Securities. In a January 2018 complaint, Colorado alleged that Dennis Farrah sold investments in Madyson Capital Management, a real estate development company, without permission from his brokerage firm, Taylor Capital Management.

 

Madyson Capital and numerous related entities like Madyson Investments were shut down by Colorado after allegations of fraud surfaced.  It was alleged that nearly 80 Colorado residents invested in Madyson Capital and Madyson Investments, amounting to over $13 million invested.  Madyson was run by Joseph David Ryan.

 

To settle these allegations, Dennis Farrah of Taylor Capital Management was barred from the securities industry due to the Madyson Capital fraud.

 

Dennis Farrah was a registered representative and financial advisor with Taylor Capital Management from October 2013 to December 2017.  He  worked out of a branch office in Aurora, Colorado.  He also worked with Farrah Tax Advisory Group.

 

Broker-dealers like Taylor Capital Management have a responsibility to adequately supervise all representatives who are registered through their firm, including investments sold by their registered representatives.  Broker-dealers also must take steps to ensure that their financial advisors follow all securities rules and regulations, such as to refrain from switching variable annuities.  When broker-dealers fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.

 

Israels & Neuman are investment fraud and securities arbitration attorneys with offices in Denver, Colorado and the Seattle area.  Our firm has represented numerous investors in the Denver, Aurora and Colorado Springs area, and we have also previously represented numerous investors in Colorado, including numerous investors in the greater Denver area.  Attorney Aaron Israels is licensed to practice law in Colorado.  All of our cases are taken on a contingent fee basis meaning you don’t pay us unless we recover money.

 

Click to view:  Farrah, Dennis FINRA AWC

Click to view:  Farrah, Dennis Colorado Order

Click to view:  Farrah, Dennis BrokerCheck 2.12.18

 

Related Articles:

Dennis Farrah and Madyson Capital Complaints

Madyson Capital Fraud Update

 

If you have lost money with Dennis Farrah, Madyson Capital, or Taylor Capital Management and want to hear about ALL legal options, please CONTACT ISRAELS & NEUMAN at 720-599-3505.

 

Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency.  Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency.  All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact.  This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice.  Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis.  In contingent representation, clients may still be liable for costs.

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