Category Archives: Farmers Financial Solutions

Farmers Financial Solutions Broker Sanctioned for Back Dating Insurance Policy

August 7, 2015,

Kevin C. Trost entered into a Letter of Acceptance Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA) to resolve allegations that he backdated an insurance policy on himself following a three car accident in which he was involved which resulted in injuries to one of the other drivers

By virtue of such conduct, Trost engaged in unethical business practices and thereby failed to observe just and equitable principles of trade and high standards in violation of FINRA Rule 2010.

AWC NO. 2015045969901

Trost was barred from the securities industry. According to FINRA records, Trost was registered with Farmers Financial Solutions in King of Prussia, PA, from 2/2013-6/2015.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Farmers Financial Solutions Broker Scott Barker Sanctioned by Securities Regulator

November 24, 2014-Ogden, Utah

The Financial Industry Regulatory Authority (FINRA) barred Scott D. Barker from the securities industry to resolve allegations that he failed to provide documents and information to FINRA who was conducting and investigation into whether Barker misused insurance premiums for business and/or office expenses.

Barker was registered with Farmers Financial Solutions since January 2004.

Rex Securities Law , located in Boca Raton, FL, provides representation to  investors  in Utah and  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney. Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Rex Securities Law

561 391 1900

Farmers Financial Solutions Broker James Reid Sanctioned by Regulators

December 1, 2014- Stafford, TX

The Financial Industry Regulatory Authority (FINRA) barred James Francis Reid from the securities industry for failing to respond to requests for testimony into allegations that he had misappropriated over $21,000 in insurance premiums from 15 customers.

Reid was registered with Farmers Financial Solutions in 3/2000 and was discharged “for misappropriating insurance premiums” on 8/1/2013. After failing to respond to FINRA’s requests for testimony on three occasions, he was barred for violating FINRA Rule 2010 by converting insurance customer funds.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Former Farmers Financial Solutions Broker James Reid Named in Regulatory Complaint

In August 2014, FINRA filed a regulatory complaint against James Francis Reid of Cypress, TX, alleging that he converted over $21,000 of funds collected from customers intended for the payment of insurance premiums. The complaint alleges that instead of paying the premiums, Reid deposited them in his personal bank account. The complaint also alleges that Reid failed to appear and provide testimony to FINRA concerning the conversion of funds.

Farmers Financial Solutions terminated Reid in August 2013.

Rex Securities Law provides nationwide representation to investors seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.  Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Rex Securities Law

561 391 1900

Kevin Marris Coats-Former Farmers Financial Solutions Broker -Barred by FINRA

In November 2013, FINRA announced that Marris Kevin Coats (CRD #4469855) of Belton, Texas, had been barred from the industry based on findings that he collected cash premium payments totaling at least $4,984 from insurance customers but failed to deposit the funds in the firm’s designated premium account. Instead Coats converted the funds for his personal use.

According to FINRA records, Coats was registered with Farmers Financial Solutions, LLC from 9/2002-9/2012.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870