J. Randall Gladden– Private Securities Transactions without Proper Prior Written Notice
J. Randall Gladden Allegedly Participated in Private Securities Transactions, Creating Church Development Fund, LLC, without Proper Prior Written Notice to Securities Equity Group
J. Randall Gladden allegedly participated in private securities transactions, conceiving of and participated in the creation of Church Development Fund, LLC, without providing prior written or other notice to his Firm, Securities Equity Group (SEG), and without receiving written approval from SEG, according to a recent Complaint from FINRA’s Department of Enforcement currently under review by attorneys Joe Peiffer and Jason Kane.
Furthermore, J. Randall Gladden also allegedly failed to provide SEG with prompt written notice of his participation in Church’s management outside the scope of his relationship with SEG and also purportedly falsely stated that he had not engaged in any capital raising activities and failed to disclose that he was a principal member of the Church Development Fund, FINRA reports.
The Peiffer Wolf Carr & Kane securities lawyers are investigating J. Randall Gladden’s alleged participation in private securities transactions.
J. Randall Gladden also Allegedly Solicited Seven Investors to Invest More than $2.1 million in the Funds through Purchases of Securities
J. Randall Gladden, from May 2011 through September 2013, also allegedly solicited seven investors to collectively invest more than $2.1 million in Church Development Fund, LLC through purchases of securities, according to said Complaint from FINRA’s Department of Enforcement presently being examined by attorneys Joe Peiffer and Jason Kane.
FINRA reports, however, that on Gladden’s 2011 and 2012 Compliance Certifications, he allegedly informed SEG that he had not “engaged in any capital raising activities for any company, corporation or business entity”, FINRA reports.
As a result of the aforementioned behavior, FINRA alleges that Gladden violated NASD and FINRA Rules, and has ordered that one or more sanctions be imposed, including monetary sanctions, the Complaint notes.
Securities Lawyers Investigating
The Peiffer Wolf Carr & Kane securities lawyers often represent investors who lose money as a result of alleged private securities transactions. They are currently investigating the sale of Church Development Fund, LLC by J. Randall Gladden. 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 alleged private securities transactions, or whom have invested funds with J. Randall Gladden may 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.