Kenneth J. Mathieson—Private Securities Transactions without Providing Written Notice to BD

New Orleans stockbroker fraud attorney

New Orleans stockbroker fraud attorney

Kenneth J. Mathieson Allegedly Invested $96,550 in Stock of Aspen University Inc. through 14 Separate Private Securities Transactions without Providing Written Notice to Merrill Lynch

Kenneth J. Mathieson allegedly participated in private securities transactions by investing $96,550 in stock of Aspen University Inc. through 14 separate transactions for himself and his children without providing written notice to his Broker Dealer, Merrill Lynch, according to a recent Complaint from FINRA’s Department of Enforcement.

Kenneth J. Mathieson also allegedly participated in the sale of Aspen shares to other investors without notifying Merrill Lynch, said Complaint notes.

The FINRA Complaint further alleges that Kenneth J. Mathieson purportedly participated in the management of Aspen, and helped manage the company’s relations with investors and advising the company’s Board of Directors and CEO.

Kenneth J. Mathieson Allegedly Continued to be Involved with Aspen after Merrill Lynch Denied Request to Do So; FINRA Alleges that Mathieson Violated FINRA Rules by submitting false answers on his annual firm sales questionnaire, Orders Monetary Sanctions

Kenneth J. Mathieson allegedly continued to be involved with Aspen University Inc., which was a private for-profit entity specializing in post-secondary online education, after Merrill Lynch denied his request to do so, according to the aforementioned FINRA Complaint.

FINRA also alleges that Mathieson violated FINRA Rules by submitting false answers on his annual firm sales questionnaire, the Complaint also notes.

As a result of the aforementioned behavior, FINRA has concluded that Mathieson violated FINRA Rules and ordered the imposition of monetary sanctions possibly including that Mathieson bear such costs of proceeding as are deemed fair and appropriate, the Complaint reports.

The Peiffer Rosca Wolf Securities Lawyers Often Assist Investors

The Peiffer Rosca Wolf securities lawyers assist investors who lose money as a result of unapproved 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 unapproved private securities transactions are encouraged to contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at 888-998-0520.

Alan Rosca (1159 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.


In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.