Articles Tagged with Farmers Financial Solutions

The law offices of Gana Weinstein LLP are currently investigating claims that Broker Jeffrey Arbeit (Arbeit) has been accused by investors of engaging in fraudulent misappropriation of their funds. According to records kept by The Financial Industry Regulatory Authority (FINRA), it appears that Arbeit was employed by Farmers Financial Solutions, LLC at the time of the activity.  If you have been a victim of Arbeit’s alleged misconduct our firm may be able to assist you in recovering funds.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $131,000.00 on July 01, 2025.

Beginning sometime in or around 2019, the registered representative engaged in the sale of unsecured, non-registered promissory notes that were neither offered nor approved by Farmers Financial Solutions, LLC (the Firm) to an individual who was not a customer of the Firm. These transactions were conducted without the Firm\\u2019s knowledge or authorization.

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Todd Wurth (Wurth), currently associated with Farmers Financial Solutions, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Wurth recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $21,041.00 on April 11, 2022.

Customers allege that an Equitable Life Insurance Company service representative provided incorrect information to the registered representative, which resulted in significant taxes and penalties to the customers for a withdrawal that they took from their variable annuity contract in 2021.

The law offices of Gana Weinstein LLP are currently investigating claims that Broker Justin Funakura (Funakura) has been accused by investors of engaging in fraudulent misappropriation of their funds. According to records kept by The Financial Industry Regulatory Authority (FINRA), it appears that Funakura was employed by Farmers Financial Solutions, LLC at the time of the activity.  If you have been a victim of Funakura’s alleged misconduct our firm may be able to assist you in recovering funds.

FINRA BrokerCheck shows a final customer complaint on February 20, 2025.

Without admitting or denying the findings, Funakura consented to the sanctions and to the entry of findings that he participated in private securities transactions by soliciting investors to invest a total of $120,000 in promissory notes issued by a company claiming to operate crypto asset mining and investment programs without prior written notice to, or approval from, his member firm. The findings stated that one of the investors was a customer of the firm. Funakura’s involvement in the investments included introducing investors to the investment opportunity, providing information regarding the funds offered by the company to investors, and facilitating their transactions. Funakura received $4,000 as a commission for soliciting these investments. The company later defaulted on the notes. Subsequently, the State of Illinois Secretary of State, Securities Department initiated proceedings against the company and ultimately issued a Final Order of Prohibition, finding, among other things, that the company and related individuals committed fraud in the offer and sale of securities. In addition, on annual compliance questionnaires, Funakura falsely answered ‘no’ to questions asking whether he had engaged in private securities transactions or received compensation for transactions outside of the firm.

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