Adam Kuettel– Engaging in Private Securities Transactions without Prior Written Notice and Approval
Adam Kuettel Allegedly Engaged in Private Securities Transactions without Prior Written Notice and Approval
Adam Kuettel allegedly engaged in private securities transactions without proper prior written notice and approval from St. Bernard Financial Services, Inc., according to a recent FINRA Letter of Acceptance, Waiver and Consent (AWC) currently under review by attorneys Jason Kane and Joe Peiffer.
Adam Kuettel allegedly assisted 11 investors (3 of whom customers) with the purchase of a total of 128,627 shares of stock and warrants in a public company through a private investment in a public equity (PIPE) transaction, the aforementioned AWC notes.
The Peiffer Wolf Carr & Kane securities lawyers are currently investigating Adam Kuettel’s alleged unapproved private securities transactions.
Adam Kuettel Suspended and Fined $10,000; Allegedly Assisted 11 Investors with a Private Investment in a Public Equity (PIPE) Transaction in Which Customers Collectively Invested $836,075.50
Adam Kuettel’s aforementioned alleged PIPE transaction took place in July of 2014, and said customers purportedly invested $836,075.50, collectively, according to the aforementioned AWC currently under review by attorneys Jason Kane and Joe Peiffer.
As a result of the aforementioned alleged and unapproved private securities transactions, Adam Kuettel allegedly violated NASD and FINRA Rules and, hence, has consented to a nine-month suspension and a $10,000 fine.
One should also note that, according to the AWC, Adam Kuettel 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 unapproved private securities transaction, and are currently investigating Adam Kuettel’s alleged unapproved private securities transactions. 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 Adam Kuettel’s alleged unapproved private securities transactions may contact the securities lawyers at Peiffer Wolf Carr & Kane, Jason Kane or Joe Peiffer, for a free no-obligation evaluation of their recovery options, at (585) 310-5140.