Michael Dinerman Suspended for Alleged Outside Biotech Business Activity
The Peiffer Rosca Wolf investment recovery lawyers are currently investigating former Piper Jaffray & Co. stockbroker Michael Dinerman.
Beginning in September 2012, Michael Dinerman, of New York City, allegedly engaged in outside business activity by performing CFO duties of a startup biotechnology company for over thirteen months sans proper prior written notice lo Piper Jaffray, according to a FINRA Letter of Acceptance, Waiver and Consent (AWC) currently being reviewed by attorneys Alan Rosca and Joe Peiffer.
Furthermore, Dinerman also allegedly purchased shares of the company in a private offering and purchased a convertible note from the company without prior written notice to Piper, according to the aforementioned AWC.
What is more, attorneys Alan Rosca and Joe Peiffer are further looking into the AWC which states that Dinerman allegedly knowingly answered an annual questionnaire inaccurately from his firm regarding his outside business activities and his private securities transactions, in gross violation of NASD and FINRA Rules.
Dinerman Agrees to Suspension and $10,000 Fine
Micahel Dinerman has reportedly consented to FINRA sanctions, including a suspension in all capacities from association with any FINRA member firm for three months, and a $10,000 fine, according to the AWC.
Investment Recovery Lawyers Investigating
The Peiffer Rosca Wolf investment recovery lawyers often represent investors who lose money as a result of investment fraud, or stockbroker misconduct. They are currently investigating Michael Dinerman, and the possibility of assisting any victims with the recovery of losses they may have suffered. 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 Dinerman’s alleged misconduct may 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.
Broker: Michael Dinerman
Status: INVESTIGATED by Peiffer Rosca.
For brokercheck report and additional info click here!