Advisor Alert: Our Attorneys Are Investigating Arthur Gilbert Faren For Investment Fraud
Did You Lose Money Because of Arthur Faren?
Filed: February 9, 2024
Arthur Faren has been the subject of six (6) customer complaints. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on Arthur Gilbert Faren.
Who Is Arthur Gilbert Faren of Truist Investment Services, Inc. and Truist Advisory Services, Inc.?
- Advisor Name: Arthur Gilbert Faren
- Aliases: Arthur Faren
- CRD: 1958380
- Location: Fort Lauderdale, Florida
- Current Employer: Truist Investment Services, Inc. and Truist Advisory Services, Inc.
- Previous Firms: Wells Fargo Clearing Services, LLC and Prudential Securities Incorporated
- Number of Known Customer Complaints: 6
- Can Arthur Faren Be Sued: Yes, in Private Arbitration
- Can Arthur Faren’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $200,000
- Highest Settlement: $29,500
If you have suffered investment losses by Arthur Faren, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a stock market losses lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against Arthur Faren For Broker Misconduct
As of this publication date, Arthur Faren has been the subject of 6 customer disputes. Let’s review them below.
In February 2020, a FINRA arbitration was filed against or in reference to Arthur Faren by a customer of Suntrust Investment Services, Inc. alleging that Mr. Faren failed to update Stop Limit orders to reflect the market. Per the customer, he/she lost over $100,000 because of Mr. Faren’s actions. On February 2, 2022, Mr. Faren settled the claim for $29,500, and some or all of this amount may have been paid by Mr. Faren’s employer and/or insurance carrier.
In August 2009, a complaint was filed against or in reference to Arthur Faren by a customer of Wells Fargo Advisors, LLC alleging that the bonds with market value plus accrued interest were purchased on her behalf with the understanding that she could cancel within 24 hours. The customer also alleged that she was asked to sign a blank piece of paper, which was later modified into a handwritten note promising to bring the funds necessary for the purchase. Per the customer, she lost over $6,634.15 because of Mr. Faren’s actions.
In June 2004, a FINRA arbitration was filed against or in reference to Arthur Faren by multiple customers of Merrill Lynch, Pierce, Fenner & Smith Incorporated alleging unsuitable investment recommendations. Per the customers, they lost over $200,000 because of Mr. Faren’s actions. On December 27, 2005, Mr. Faren settled the claim for $21,500, and some or all of this amount may have been paid by Mr. Faren’s employer and/or insurance carrier.
In December 2001, a complaint was filed against or in reference to Arthur Faren by a customer of Merrill Lynch, Pierce, Fenner & Smith Incorporated alleging that Mr. Faren made unsuitable investments and recommendations.
In November 2000, a complaint was filed against or in reference to Arthur Faren by a customer of Merrill Lynch alleging that inappropriate junk bonds were recommended to the client. Per the customer, he/she lost over $62,675.37 because of Mr. Faren’s actions.
In December 1999, a complaint was filed against or in reference to Arthur Faren by a customer of Merrill Lynch alleging that Mr. Faren bought and sold funds without the client’s consent. Per the customer, he/she lost over $45,000 because of Mr. Faren’s actions. On October 3, 2000, Mr. Faren settled the claim for $1,948.28, and some or all of this amount may have been paid by Mr. Faren’s employer and/or insurance carrier.
How To File A Claim Against Arthur Faren of Truist Investment Services, Inc. and Truist Advisory Services, Inc. (previously with Wells Fargo Clearing Services, LLC and Prudential Securities Incorporated) To Get Your Money Back
If you have questions about Arthur Faren, Truist Investment Services, Inc., Truist Advisory Services, Inc., Wells Fargo Clearing Services, LLC, Prudential Securities Incorporated, or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll-free at 1-800-950-6553.