Aaron Parthemer – Unauthorized Outside Business Allegations
Aaron Parthemer Ran Miami Nightclub, Allegedly Failed to Disclose Wells Fargo Outside Business Activities
Aaron Parthemer, who ran a hot South Beach night club Club Play, allegedly failed to disclose his outside business activities to Wells Fargo, made loans to clients and engaged in private securities transactions, according to FINRA Letter of Acceptance, Waiver and Consent (AWC).
From 2009 to 2013, Aaron Parthemer allegedly failed to disclose his involvement in Club Play, in addition to an Internet branding startup and a tequila marketing operation, according to the AWC.
FINRA Barred Aaron Parthemer from Association with any FINRA Member Broker-dealer in any Capacity
Aaron Parthemer allegedly violated a number of securities industry violations, including involvement in outside business activities, and thus has been barred by FINRA from associating with any FINRA member broker-dealer in any capacity, the AWC further alleges.
Parthemer, the AWC notes, also an adviser for many NFL and NBA players and often seen with celebrities such as singers Chris Brown and Nicki Minaj, allegedly marketed an international tequila brand, and provided approximately $400,000 in loans to certain securities customers.
Furthermore, Parthemer allgedly provided false information to FINRA when the regulatory agency began to request more information regarding his outside business activities in 2012, according to the AWC.
Securities Lawyers Investigating
The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of outside business activities. 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 investment misconduct or outside business activities may contact the securities lawyers at Peiffer Rosca Wolf, Jason Kane or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at 888-998-0520.