Jeffrey Delone– Private Securities Transactions
Jeffrey W. Delone Allegedly Engaged in Private Securities Transactions Not Disclosed to FSC Securities Corp.; Delone Allegedly Solicited Six Investors, including Three Clients of FSC Securities Corp., to Make Investments Totaling $310,000 in a Learning Center Franchise of which Delone was Purportedly Part-owner
Have you or a loved one invested your hard-earned cash with Jeffrey W. Delone of Malvern, Pennsylvania?
Jeffrey Delone allegedly engaged in private securities transactions not disclosed to FSC Securities Corp., according to a recent Letter of Acceptance, Waiver and Consent (AWC) currently under review by attorneys Jason Kane and James Booker.
Investors who believe they may have lost money in activity related to Jeffrey Delone’s alleged engagement in private securities transactions are encouraged to contact attorneys Jason Kane or James Booker with any useful information or for a free, no obligation discussion about their options.
The Peiffer Wolf Carr & Kane securities lawyers are currently investigating Jeffrey Delone’s alleged engagement in private securities transactions.
Jeffrey Delone, who was a financial advisor and registered representative of FSC Securities Corp. from 2007 to February 2017, allegedly solicited six investors, including three clients of FSC Securities Corp., to make investments totaling $310,000 in a learning center franchise of which Delone was purportedly a part-owner, according to the aforementioned AWC.
Jeffrey Delone Suspended for Six Months and Fined $10,000 by FINRA
Jeffrey Delone, at various times from June 2010 through September 2013, allegedly participated in private securities transactions in connection with a learning center franchise of which he was a part owner, according to the aforementioned AWC currently under review by attorneys Jason Kane and James Booker.
As a result of the aforementioned alleged behavior, Delone allegedly violated NASD and FINRA Rules, and hence Delone had been suspended six months and fined $10,000 by FINRA, according to the AWC.
NASD Rules prohibit any person associated with a member firm from participating in any manner in a private securities transaction unless, prior to participating in the transaction, the associated person provides “written notice to the member with which he is associated describing in detail the proposed transaction and the person’s proposed role therein and stating whether he has received or may receive selling compensation in connection with the transaction”, the AWC notes.
One should also note that, according to the AWC, Jeffrey W. Delone, neither admitted nor denied the FINRA findings.
Securities Lawyers Investigating
The Peiffer Wolf Carr & Kane securities lawyers often represent investors who lose money as a result of investment fraud and are currently investigating Jeffrey Delone’s alleged engagement in private securities transactions. 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 Jeffrey Delone’s alleged engagement in private securities transactions may contact the securities lawyers at Peiffer Wolf Carr & Kane, Jason Kane or James Booker, for a free no-obligation evaluation of their recovery options, at (585) 310-5140 or via e-mail at firstname.lastname@example.org or email@example.com.