Kathleen Jeanette Tarr, of Lafayette, California, a stockbroker formerly registered with Royal Alliance Associates, Inc., has been named in a customer initiated investment related arbitration claim, which settled on February 27, 2017, for $550,000.00 in damages based upon allegations that Tarr made unsuitable investment recommendations to the customer regarding real estate securities.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Tarr has been named in forty-one additional customer initiated investment related disputes pertaining to allegations of Tarr’s wrongdoing while associated with Royal Alliance. Specifically, on March 19, 2012, a customer was awarded $1,403,500.00 in damages according to an investment related arbitration claim involving Tarr’s conduct, based upon allegations including fraud, omission and misrepresentation, negligence, breach of contract and fiduciary duty, and violation of California Securities Act.
Subsequently, on February 17, 2016, a customer was awarded $597,290.00 in damages according to an investment related arbitration claim involving Tarr’s misconduct, based upon allegations that Tarr effected variable annuities which were not suitable for the customers. On March 16, 2016, another customer initiated investment related arbitration claim regarding Tarr’s activities was resolved for $61,850.00 in damages based upon allegations that Tarr induced the customer’s investments based upon misrepresentations.
Moreover, on April 25, 2016, a customer was awarded $91,907.00 in damages according to an investment related arbitration claim regarding Tarr’s activities, based upon allegations that she effected unsuitable real estate investment trust and variable annuity transactions. On December 5, 2016, another customer initiated investment related arbitration claim was settled for $25,000.00 in damages based upon allegations that Tarr effected illiquid and unsuitable real estate securities transactions in the customer’s account.
Guiliano Law Group
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