Tammie Farrell Involved in 6-Figure GWG Disputes

Tammie Farrell (CRD# 2475931[1]), a broker registered with Capital Investment Group, violated securities law when recommending investments in GWG Holdings[2], according to investor disputes. MDF Law is investigating the Franklin, North Carolina-based financial professional for similar conduct. Current or former clients with concerns about their accounts should contact us for a free consultation.

To learn more about the allegations against Ms. Farrell, continue reading this post. The information below is based on an October 24, 2024 review of her BrokerCheck profile, a Financial Industry Regulatory Authority record.

Pending Disputes Allege GWG Holdings Violations

In 2024, two parties of investors lodged disputes involving Ms. Farrell. Both claims stem from investments in GWG Holdings, a company that filed for bankruptcy in 2022. The disputes include allegations that she breached her fiduciary duty, violated state and federal securities law, committed fraud, and engaged in negligence. Both are still pending: one seeks $275,000 in damages, while the other seeks $357,000.

Firm Settled Past GWG Disputes

The above-described disputes are not the only one in Ms. Farrell’s professional history. Between 2022 and 2023, four parties of investors field disputes that her member firm settled. Two of these claims specify that the allegations stem from investments in GWG, according to her BrokerCheck record. All together, they detail allegations of negligence, fraud, breach of fiduciary duty, unsuitable recommendations, and breach of contract. Her member firm settled the disputes for more than $216,000 in total.

What Is GWG Holdings?

GWG Holdings filed for Chapter 11 bankruptcy on in April 2022. At that point, the company— whose L Bonds were risky, speculative products—had been under SEC investigation since at least October 2020. GWG’s principals directed investors’ funds toward their own ventures starting in 2018, of which they failed to inform investors. If you suffered losses investing in GWG L Bonds, you may be eligible to file a FINRA arbitration claim against the broker-dealer that marketed them to you. Investors who secure a recovery from such firms will still be eligible to receive any payments issued during GWG’s bankruptcy proceedings. 

FINRA: Broker Based in Franklin, Tennessee

Ms. Farrell launched her career as a broker in 1994, when she joined SunTrust Securities’ office in Atlanta. She went on to work at various firms over the years, including First Union Brokerage Services and Wells Fargo Advisors. She registered with Capital Investment Group’s branch office in Franklin, North Carolina in 2012, and she has remained there since. With 30 years of experience as a broker, she has completed four industry exams, including the Series 66 and the Series 63. 

Tammie Farrell Complaints? Call MDF Law

If you have lost funds on GWG L Bonds or other investments recommended by Tammie Farrell, you may have recovery options. At MDF Law, our attorneys have significant experience advocating for investors through the FINRA arbitration process. We have recovered tens of millions in lost funds for our clients, who only pay a fee if they win. Call 800-767-8040 for a free consultation today.