Advisor Alert: Our Attorneys Are Investigating Joel Dale Farnsworth For Investment Fraud
Did You Lose Money Because of Joel Farnsworth?
Filed: February 19, 2024
Joel Farnsworth currently has one (1) pending customer complaint. Overall, he has been the subject of two (2) customer complaints and one (1) financial event. 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 Joel Dale Farnsworth.
Who Is Joel Dale Farnsworth of Wedbush Securities Inc.?
- Advisor Name: Joel Dale Farnsworth
- Aliases: Joel Farnsworth
- CRD: 1980052
- Location: Los Angeles, California and Tyler, Texas
- Current Employer: Wedbush Securities Inc.
- Previous Firms: First Wall Street Corp., Miller & Schroeder Financial, Inc., and Smith Barney, Harris Upham & Co., Incorporated
- Number of Known Customer Complaints: 2
- Number of Known Financial Events: 1
- Can Joel Farnsworth Be Sued: Yes, in Private Arbitration
- Can Joel Farnsworth’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $4,200,000
- Highest Settlement: $26,000
If you have suffered investment losses by Joel Farnsworth, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a breach of fiduciary duty 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 Joel Farnsworth For Broker Misconduct
As of this publication date, Joel Farnsworth has been the subject of 2 customer disputes and 1 financial event. Let’s review them below.
In July 2023, a FINRA arbitration was filed against or in reference to Joel Farnsworth by a customer of Wedbush Securities Inc. alleging negligence and breach of fiduciary duty. Per the customer, he/she lost over $4,200,000 because of Mr. Farnsworth’s actions. As of this publication date, this claim remains pending.
In July 2019, Unifund CCR Partners, LLC reported that Mr. Farnsworth had outstanding debt totaling $2,347.58. Mr. Farnsworth settled this matter in the amount of $2,000.
In April 2019, a complaint was filed against or in reference to Joel Farnsworth by a customer of Wedbush Securities Inc. alleging that Mr. Farnsworth unduly benefited from the execution of a Transfer of Death form. Per the customer, he/she lost over $600,000 because of Mr. Farnsworth’s actions. On April 29, 2020, Mr. Farnsworth settled the claim for $26,000, and some or all of this amount may have been paid by Mr. Farnsworth’s employer and/or insurance carrier.
How To File A Claim Against Joel Farnsworth of Wedbush Securities Inc. (previously with First Wall Street Corp., Miller & Schroeder Financial, Inc., and Smith Barney, Harris Upham & Co., Incorporated) To Get Your Money Back
If you have questions about Joel Farnsworth, Wedbush Securities Inc., First Wall Street Corp., Miller & Schroeder Financial, Inc., Smith Barney, Harris Upham & Co., 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.