Fariba Madison Involved in Pending Disputes Alleging Negligence

Fariba Madison (CRD #: 1178259), a broker registered with Western International Securities, is the subject of several pending disputes, according to her BrokerCheck record, accessed on September 12, 2022. If you want to learn more about Fariba Madison’s alleged conduct as a broker, read on.

Investor Disputes

On August 4, 2022, an investor filed a dispute alleging Fariba Madison committed an undisclosed violation of the suitability rule. This dispute is pending.

A pending dispute filed on June 1, 2022, alleges that Fariba Madison acted negligently. The client seeks $300,000 in damages.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to consider investors’ financial goals when recommending investments. Brokers must use the information contained in an investor’s profile, which includes their age, risk tolerance, and overall financial situation when making recommendations.

Investors who believe they have lost money due to unsuitable investment recommendations may be able to recoup their losses through FINRA arbitration.

FINRA Rule 2020

FINRA Rule 2020 prohibits the use of deceptive, manipulative, and otherwise fraudulent means of influencing investors’ decisions. This includes the misrepresentation of an investment’s potential returns, risks, or limitations.

What qualifies as broker negligence?

Many forms of broker misconduct can qualify as broker negligence. Some examples include giving unsuitable investment recommendations, failing to supervise other brokers, or executing unauthorized trades.

Investors who feel their losses were caused by broker negligence may be able to recoup their losses by pursuing FINRA arbitration.

Background Information

Fariba Madison has passed the following exams:

• Series 65 – Uniform Investment Adviser Law Examination
• Series 63 – Uniform Securities Agent State Law Examination
• SIE – Securities Industry Essentials Examination
• Series 7 – General Securities Representative Examination
• Series 53 – Municipal Securities Principal Examination
• Series 10 – General Securities Sales Supervisor – General Module Examination
• Series 9 – General Securities Sales Supervisor – Options Module Examination
• Series 24 – General Securities Principal Examination

Fariba Madison is a registered broker in seven states and a registered investment adviser in California.

She has also worked for the following firms:

• U.S. Bancorp Investments (CRD#:17868)
• Citicorp Investment Services (CRD#:23988)
• Essex National Securities (CRD#:25454)
• Fiserv Investor Services (CRD#:34637)
• Gateway Investment Services (CRD#:31153)
• FIMCO Securities Group (CRD#:30343)
• National Partnership Equities (CRD#:10956)
• ISFA Corporation (CRD#:12984)

Kurta Law Can Help

If you worked with Fariba Madison and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.