Dennis K. Karasik, Diversified Unlawful Bond Sale Allegations
Dennis K. Karasik Allegedly Took Part in Diversified’s Unregistered Offer and Sale of Bonds
Dennis K. Karasik, 59 and the cofounder and 50% owner of CKA, allegedly took part in Diversified’s unregistered offer and sale of bonds, according to a Cease and Desist Order from the SEC.
Karasik, of Reisterstown, Maryland, was one of the top grossing independent sales agents of Diversified, the SEC documents allege. Karasik, who had a limited liability partnership CKA, which is a limited liability partnership doing business in Baltimore County, Maryland, the SEC reports. CKA states it is an independent financial services firm for wealth management issues.
Karasik owns 50% of CKA, the SEC further alleges, which was not registered as a broker-dealer or an investment advisor between 2006 and 2012, the relevant period in the case.
Dennis K. Karasik Barred by FINRA from Associating with any FINRA Member Firm in Connection with His Offer and Sale of Diversified’s Bonds
Diversified, between 2006 and 2012, allegedly raised at least $17.4 million from approximately 440 investors nationwide through a series of fraudulent, unregistered offerings of stock and bonds, according to a Cease and Desist Order from the SEC.
On July 8, 2014, the SEC notes, FINRA imposed a bar from association with any FINRA member firm against Karasik in connection with Karasik’s offer and sale of Diversified’s bonds. CKA, the SEC notes, was also received the same sanctions and waiver of penalty as Karasik.
The Peiffer Rosca Wolf Investment Recovery Attorneys Often Represent Investors
The Peiffer Rosca Wolf investment recovery attorneys 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 recovery attorneys at Peiffer Rosca Wolf, Alan Rosca or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at 888-998-0520.