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Written by 4:39 pm Blog, Current Investigations

Broker Narinder Singh Barred from Securities Industry

Broker Narinder Singh Barred from Securities Industry, featured by top securities attorneys, The White Law Group

Narinder Singh, Farmer’s Financial Solutions, Sacramento, CA

FINRA Bars Narinder Singh after Allegations of Fraudulent Investment Recommendations

According to public records on August 28, 2020, the Financial Industry Regulatory Authority (FINRA) has barred former financial advisor Narinder Kaur Singh (also known as Narinder Dutt) from associating with any FINRA member at any time after she reportedly refused to provide information in its investigation. 

FINRA began an investigation after it received a customer statement of claim disclosed in an amended Form U5 filed by Singh’s  former member firms. The findings stated that the firms’ Form U5 amendments disclosed a pending arbitration filed by the customer alleging that Singh had “invested the customer funds into a fraudulent investment.” Although Singh initially cooperated with FINRA’s investigation, she ultimately ceased doing so, and consequently has been barred, according to the Letter of Acceptance Waiver and Consent (AWC).

According to Singh’s broker report, she was reportedly registered with Farmer’s Financial Services in Sacramento, CA from 2017 until 2019. She was also reportedly affiliated with three other firms in Elk Grove, CA between 2014 and 2016, including Proequities, Inc. Her broker report indicates that 5 customer complaints have been filed against her, one was an award, three were settled and one is still pending. Allegations are in connection with “investment contracts with a company Singh controlled (Express Asset and Wealth Management, Inc.).”

Filing a Complaint against your Brokerage Firm

The White Law Group is investigating potential securities claims involving Singh and the liability her former employers may have for failure to properly supervise her. 

When brokers abuse client accounts or conduct transactions that violate securities laws, such as selling away  or making unsuitable investment recommendations, the brokerage firm they are working with may be liable for investment losses. Brokerage firms that fail to monitor the business activities of their employees may be liable for investment losses due to negligent supervision for the misconduct of their employees.

If you are concerned about investments with Narinder Singh (aka Narinder Dutt), the securities attorneys of The White Law Group may be able to help you. For a free consultation with a securities attorney, please call 888-637-5510.

The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Franklin, Tennessee.

For more information on The White Law Group, visit www.whitesecuritieslaw.com.




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