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John Darmanian is Facing Allegations that He Misrepresented Alternative Investments

John Darmanian (CRD #: 2899924), a broker registered with Western International Securities, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on December 5, 2023. Keep reading if you have questions about his conduct as a broker. 

On September 22, 2023, an investor alleged that John Darmanian breached his contract, violated his fiduciary duty, and engaged in negligence. He further alleged that John Darmanian engaged in misrepresentation and omission in the sale of corporate debt and alternative instruments. 

Misrepresentation and Omission 

FINRA Rule 2020 forbids the use of deceptive, manipulative, and otherwise fraudulent methods to influence the purchase and sale of securities. The misrepresentation or omission of material facts violates this rule. Brokers who recommend alternative investments and corporate debt securities should always communicate the risks involved with these types of investments. 

Background Information 

John Darmanian has passed the following exams:

  • Series 66 Uniform Combined State Law Examination 
  • Series 63 Uniform Securities Agent State Law Examination 
  • SIE – Securities Industry Essentials Examination 
  • Series 7 General Securities Representative Examination 

He is a registered broker and investment adviser in California. He is also registered as a broker in Minnesota, Nevada, New York, and Washington. 

John Darmanian has registered with the following firms: 

  • Western International Securities (CRD #: 39262) 
  • CitiGroup Global Markets (CRD #: 7059) 
  • CitiCorp Investment Services (CRD #: 23988) 
  • TD Waterhouse Investor Services (CRD #: 7870) 

 Kurta Law Can Help 

If you have worked with John Darmanian and have concerns about your investments, don’t hesitate to contact us today at 877-600-0098 or for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that 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. Do not let securities fraud go unchecked. Start your recovery process today.