Aaron Parthemer – Unauthorized Outside Business Allegations

stockbroker fraud attorney

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, Alan Rosca or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at 888-998-0520.

Alan Rosca (1163 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.


In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.