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