Next Financial Group Advisor Farid Farhoumand Subject of Recent Complaint

FORT WAYNE, INDIANA

Are you a current or former client of financial advisor Farid Farhoumand from Fort Wayne, Indiana? The securities and investment fraud law firm of Israels & Neuman is reviewing claims made by former customers of Farid Farhoumand, who has worked with Next Financial Group since September 2014.  He now works for American Financial Brokerage and One Resource Financial Consultants.

According to his BrokerCheck report (view link below),  a customer complaint was filed in FINRA arbitration in August 2023 against Next Financial Group.  The complaint alleges that Farhoumand made an unsuitable recommendation in two BDCs or business development companies.  BrokerCheck discloses that the business development companies (BDC) allegedly lost $100,000.

Farid Farhoumand works in a Fort Wayne, Indiana office.  In addition to the complaint mentioned above, he has been the subject of 13 other customer complaints during his career in the securities industry.

Brokerage firms in the securities industry must reasonably supervise their advisors.  If the firms fail to do so, they could be liable for investment losses.

VIEW BROKERCHECK REPORT HERE

If you lost money with Farid Farhoumand or Next Financial Group, please Contact Us at (206) 795-5798 for a free evaluation of your case.