Matthew Douglas McFarland (also known as Matt McFarland), of Torrance, California, a stockbroker registered with WealthForge Securities LLC, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $1,500,000.00 in damages based upon alleged unsuitable recommendations and misrepresentations of material fact in connection with the sale of private placements during the period that McFarland was associated with WealthForge Securities LLC. FINRA Arbitration No. 21-03128 (December 6, 2023).
FINRA Public Disclosure shows that McFarland was the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer was awarded $327,902.73 in compensatory damages because WealthForge Securities LLC was held liable for sales practice violations. FINRA Arbitration No. 21-00945 (September 2, 2022). The Statement of Claim alleged negligence, breach of fiduciary duty, fraud, and violation of California securities laws and federal securities laws in connection with the sale of NP Skyloft DST products during the time that McFarland was associated with WealthForge Securities LLC.
McFarland was associated with WealthForge Securities LLC in Torrance, California from November 22, 2017, to July 28, 2020. McFarland has been associated with FNEX Capital LLC in Torrance, California since January 23, 2022.
