Kenneth J. Mathieson—Private Securities Transactions without Providing Written Notice to BD
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 Wolf Carr & Kane Securities Lawyers Often Assist Investors
The Peiffer Wolf Carr & Kane 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 Wolf Carr & Kane, Jason Kane or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at (585) 310-5140.