Halen Capital Management Inc.– Sale of Unregistered Common Stock
Halen Capital Management Inc. Allegedly Participated in the Sale of Unregistered Common
Halen Capital Management Inc., from June 2010 through December 2013, allegedly participated in the sale of unregistered common stock offered by Atlas Federal Holdings Corp., now known as AtlasBanc Holding Corp., according to a recent FINRA Letter of Acceptance, Waiver and Consent (AWC).
Halen Capital also allegedly distributed Atlas PPMs (private placement materials) that did not comply with FINRA rules governing member firm communications with the public, the AWC also notes.
Furthermore, the AWC reports that Halen Capital allegedly failed to ensure that certain sales to non-accredited investors complied with applicable SEC rules.
Halen Capital Management Inc Allegedly Failed to File Atlas Offering Documents with FINRA before Providing them to Prospective Investors; Halen Censured and Fined $100k for Participating in the Sale of Unregistered Common Stock Offered by Atlas
Halen Capital also allegedly failed to file Atlas offering documents with FINRA before providing them to prospective investors after Atlas became the parent company of Halen in October, 2012, according to the aforementioned AWC.
As a result of the aforementioned behavior, Halen Capital Management Inc allegedly violated FINRA Rules, and, hence, Halen Capital Management Inc has been censured and fined $100k for participating in the sale of unregistered common stock offered by Atlas Federal Holdings Corp., the AWC reports.
One should also note that, according to the AWC, Halen Capital neither admitted nor denied the FINRA findings.
The Peiffer Wolf Carr & Kane Securities Lawyers Often Assist Investors
The Peiffer Wolf Carr & Kane securities lawyers assist investors who lose money as a result of the sale of unregistered common stock. 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 the sale of unregistered common stock are encouraged to contact the securities lawyers at Peiffer Wolf Carr & Kane, Jason Kane or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at (585) 310-5140.