Adam Veron— Alleged Private Securities Transactions without Proper Notice
Adam K. Veron Formed Contract Funding & Corporate Management LLC (CFCM) and Allegedly then Sold Approximately $1.8 Million of CFCM Shares to Nine Questar Customers and $50,000 of Shares to One Non-customer, All Without Informing Questar
Adam Veron formed Contract Funding & Corporate Management LLC (CFCM) and then allegedly sold approximately $1.8 Million of CFCM shares to nine Questar customers and $50,000 of shares to one non-customer without informing Questar, according to a recent Letter of Acceptance, Waiver and Consent (AWC) currently under review by attorneys Jason Kane and James Booker.
Investors who believe they may have lost money in activity related to Adam Veron’s alleged private securities transactions without proper notice 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 Adam Veron’s alleged private securities transactions without proper notice.
Adam Veron, of Lake Charles, LA, allegedly failed to submit proper written notification to Questar and to receive approval for the venture prior to starting the company, the aforementioned AWC states.
Furthermore, Veron also allegedly did not reveal the existence of CFCM in annual compliance questionnaires he was required to complete, the AWC notes.
Adam Veron Barred by FINRA for Allegedly Selling Away
Adam Veron allegedly sold shares away from his firm, and therefore violated NASD and FINRA Rules, according to the aforementioned AWC currently under review by attorneys Jason Kane and James Booker.
Hence, Veron has been barred from the securities industry by FINRA , the AWC notes.
CFCM purportedly provides a line of credit to Company A, which uses the funds to fulfill its federal procurement contracts and, in turn, passes on a portion of its profits to CFCM, the AWC reports.
Veron has also allegedly since repaid two investors the amount of their investment plus interest, the AWC states.
Veron reportedly worked at Questar from September 2013 to February 2017 and also at LPL Financial in Lake Charles from September 2009 to September 2013, the AWC reports.
Finally, one should also note that, according to the AWC, Adam K. Veron 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 fraud and are currently investigating Adam K. Veron’s alleged private securities transactions without proper notice. 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 K. Veron’s alleged private securities transactions without proper notice 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 firstname.lastname@example.org or email@example.com.