Dale Earl Krueger Allegedly Accepted Customer Funds to Make Purchases of Collectible Medals but failed to Properly Segregate and Account for Said Medals from his Own Holdings and Purportedly Used a Portion of the Funds to Loan Commission Payments to Third Parties
Dale Earl Krueger, a former broker in Midland, Michigan, allegedly accepted customer funds to make purchases of collectible medals but purportedly failed to properly segregate and account for the medals from his own holdings and also used a portion of the funds to make unauthorized loan and commission payments to third parties, according to a recent Letter of Acceptance, Waiver, and Consent (AWC) presently being reviewed by attorneys Jason Kane and James Booker.
Investors who believe they may have lost money in activity related to Dale Earl Krueger‘s alleged acceptance of funds to purchase collectible medals are encouraged to contact attorneys Jason Kane or James Booker with any useful information or for a free, no obligation discussion about their options.
The Peiffer Wolf Carr & Kane securities lawyers are currently investigating Dale Earl Krueger’s alleged acceptance of funds to purchase collectible medals.
Dale Earl Krueger Barred by FINRA after Not Appearing at a Hearing Involving His Alleged Activities with Collectible Medals
Dale Earl Krueger, a former broker in Midland, Mich., who most recently was associated with Moloney Securities, has been barred by FINRA for not appearing at a hearing involving his activities with collectible medals, according to the aforementioned AWC currently being reviewed by attorneys Jason Kane and James Booker.
For example, in December 2011, customers allegedly invested $25,000 in collectible medals purportedly sold by Krueger and said customers’ investment in the medals was allegedly made through a business entity controlled by Krueger and the $25,000 was then purportedly deposited into a bank account that he owned or controlled, FINRA states.
FINRA goes on to note that Krueger allegedly failed to provide customers with any documentation of the sale, physically separate the medals that had been purchased from his own holdings, or adequately document the customers’ holdings in his own records, the AWC reports.
Finally, one should also note that, according to the AWC, Dale Earl Krueger neither admitted nor denied the FINRA findings.
Securities Lawyers Investigating
The Peiffer Wolf Carr & Kane securities lawyers often represent investors who lose money as a result of investment-related fraud or misconduct and are currently investigating Dale Earl Krueger‘s alleged acceptance of funds to purchase collectible medals. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.
Investors who believe they lost money as a result of Dale Earl Krueger‘s alleged acceptance of funds to purchase collectible medals may contact the securities lawyers at Peiffer Wolf Carr & Kane, Jason Kane or James Booker, for a free no-obligation evaluation of their recovery options, at (585) 310-5140 or via e-mail at email@example.com or firstname.lastname@example.org.