Bradley Claus Allegedly Engaged in Private Securities Transactions; Recommended RJ Oil & Gas as Investment While Engaging in Private Securities Transactions

stockbroker fraud attorneyFrom September 2010 through April 2013, Bradley Claus, formerly of Transamerica Financial Advisors, Inc., allegedly participated in private securities transactions with two customers of Transamerica Financial, and one non-firm customer without properly providing notice to and receiving approval from Transamerica Financial, according to an Amended Complaint from FINRA’s Department of Enforcement.

Transamerica Financial, which reportedly terminated Claus, filed a Form U-5 on August 8, 2012, the Complaint reports. On March 26, 2013, an Amendment to the U-5 reportedly disclosed that Transamerica Financial received information that Claus had solicited a client to invest $15,000 into an oil and gas company, RJ Oil & Gas, allegedly not approved for sale by the firm, according to an Amended Complaint from FINRA’s Department of Enforcement.

Bradley Claus Allegedly Made Material Misrepresentations via E-mail Regarding Potential Investments

Bradley Claus also allegedly made material misstatements of fact to a customer in e-mails regarding a potential investment, the Complaint further alleges. Furthermore, Claus also reportedly sent the aforementioned e-mails from a personal e-mail account that had not been approved by Transamerica Financial, FINRA reports, and the e-mails allegedly contained the firm’s contact information, and, hence, looked to be firm e-mails.

From September 2010 through April 2013, Transamerica Financial required Claus to only use an approved firm e-mail in conducting securities business, the Complaint further alleges. As a result of the alleged aforementioned actions, Claus violated FINRA and NASD Rules, FINRA reports.

Investor Rights Lawyers Investigating

The Peiffer Rosca 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 investor rights 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 (1157 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.