Adesola Amosun—Undisclosed Business Activities Allegations, Suspension

ponzi scheme lawyersAdesola Amosun Engaged in Undisclosed Business Activities Related to Contango Trading Inc, a Corporation She Allegedly Started to Buy and Re-sell Unrefined Gold

Adesola Amosun engaged in undisclosed business activities, Contango Trading Inc, a corporation she set up to buy and later re-sell unrefined gold, according to a recent FINRA Letter of Acceptance, Waiver and Consent (AWC).

Amosun, who was associated with VALIC Financial Advisors, Inc. as a General Securities Representative, an Agent, and as a Registered Advisor from December 2011 through March 2013, allegedly failed to provide proper written notice to VALIC regarding her involvement with Contango Trading, according to the AWC.

Adesola Amosun Suspended and Fined by FINRA

Adesola Amosun, from December 2011 through March 2013, and while associated with VALIC,  was the sole officer of an outside business, Contango Trading lnc., and Amosun operated said entity with the expectation of receiving compensation, the AWC reports.

The AWC further alleges Amosun opened and maintained a bank account in the name of Contango through which Amosun transacted business on behalf of Contango, and received loans from non-customers of at least $19,000 to operate the firm.

In addition, according to the AWC, Amosun attempted to purchase gold ore for $14,600 from an entity in Africa to refine and sell it for a profit. As a result of her action, Amosun violated numerous FINRA Rules, and thus shall be suspended for two months from associating with any FINRA member in any capacity and fined $5,000, the AWC notes.

The Peiffer Wolf Investment Rights Lawyers Often Represent Investors

The Peiffer Wolf investment rights lawyers often represent investors who lose money as a result of investment misconduct. 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 may contact the investment rights lawyers at Peiffer Wolf, Jason Kane or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at 585-310-5140.

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