Mark Peter Koestner— Allegations of Engaging in a Private Securities Transaction or an Outside Business Activity or Both
Mark Peter Koestner Allegedly Engaged in a Private Securities Transaction or an Outside Business Activity amid a Wells Fargo Internal Review of a Wire Transaction that Transpired between His Bank Account and a Panama Law Firm
Mark Peter Koestner, of Naples, Florida, a stockbroker with Wells Fargo Advisors, LLC, allegedly executed a wire transfer was associated with a private securities transaction that purportedly took place between his bank account and a Panama law firm, according to a recent FINRA Letter of Acceptance, Waiver and Consent (AWC) currently being reviewed by attorneys Jason Kane and Joe Peiffer.
Mark Peter Koestner, who resigned from Wells Fargo on July 23, 2014, became the subject of a FINRA investigation in January 2016 regarding allegations of his outside business activity and/or private securities transactions, the AWC notes.
The Peiffer Wolf Carr & Kane securities lawyers are currently investigating Mark Peter Koestner’s alleged private securities transactions or an outside business activity, or both.
Mark Peter Koestner Permanently Barred from Associating with Any FINRA Member Firm in Any Capacity after Consenting to Findings He Allegedly Obstructed a FINRA Investigation
Mark Peter Koestner’s attorney allegedly communicated with FINRA, indicating FINRA’s request was acknowledged by Koestner, and stating that Koestner would not be providing testimony pursuant to FINRA’s investigation at any point, according to the aforementioned AWC presently under review by attorneys Jason Kane and Joe Peiffer.
Koestner also allegedly never appeared for the March 1, 2016 testimony, the AWC reports.
FINRA further alleges that Koestner’s refusal to cooperate in the investigation violated FINRA Rules, and hence, Koestner has been permanently barred, according to the aforementioned AWC.
Securities Lawyers Investigating
The Peiffer Wolf Carr & Kane securities lawyers often represent investors who lose money as a result of outside business activities and private securities transaction and are currently investigating Mark Peter Koestner’s alleged private securities transaction. 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 Mark Peter Koestner’s alleged private securities transaction 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.