Adam Kuettel, former financial advisor from Bentonville, Arkansas allegedly engaged in private securities transactions without prior written notice and approval.
During the period from June 2014 – August 2014, while associated with two FINRA-regulated broker-dealers, Kuettel violated NASD Rule 3040 and FINRA Rule 2010 when he engaged in private securities transactions without prior written notice and approval from his employing broker-dealers, according to FINRA Letter of Acceptance, Waiver, and Consent.
First from June 2014 – July 2014, while associated with St. Bernard Financial Services, Kuettel purportedly engaged in private securities transactions whereby he assisted 11 investors, three of whom were St. Bernard customers, to invest a total of $836,075.50 in exchange for stock and warrants in a public company. Kuettel did not provide prior written notice to St. Bernard or receive the requisite written approval from St Bernard for his participation.
Second, in August 2014, while associated with Veritas, Kuettel allegedly engaged in a private securities transaction he assisted an LLLP which he was a general partner to purchase a $50,000 equity interest in a limited liability company “LLC”. Kuettel did not provide prior written notice to Veritas or receive the requisite written approval from Veritas for his participation.
Kuettel was sanctioned by FINRA with a nine month suspension from associating with any FINRA member in all capacities and a $10,000 fine.
If you have concerns regarding your investments with Adam Kuettel, and would like to speak with a securities attorney about your options, please call The White Law Group at 888-637-5510.
The foregoing information, which is all publicly available on FINRA’s website, is being provided by The White Law Group. The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Franklin, Tennessee. For more information on the firm and it’s representation of investors, visit https://www.whitesecuritieslaw.com.