Broker Kevin Graetz, Paulson Investment Company, New York, NY
SEC Reportedly charges Joe Hede and Kevin Graetz with Selling Away in connection with Belize Infrastructure Fund I
Are you concerned about investments with Kevin R. Graetz in New York, New York? If so, the securities attorneys at The White Law Group may be able to help you by filing a FINRA Dispute Resolution claim.
SEC Files Charges Alleging Sales of Illegal Securities – Updated August 25, 2020
According to a press announcement on August 24, 2020, the Securities and Exchange Commission announced charges against former brokers Kevin Graetz and Minish “Joe” Hede for acting as unregistered brokers in the sale of securities issued by Belize Infrastructure Fund I, LLC.
Graetz and Hede purportedly sold approximately $9.6 million worth of Belize Fund notes to their customers at the brokerage firm where they were then registered, even though the firm had already declined to approve the Belize Fund’s notes for offer and sale to its customers, according to the SEC’s charges.
The SEC alleges that Graetz and Hede profited through the commissions from the sales, while the firm’s customers purportedly suffered significant losses.
According to the Financial Industry Regulatory Authority (FINRA), the regulator on February 13, 2018 reportedly barred Graetz from association with any FINRA member in all capacities after he reportedly failed to request termination of his suspension within three months of the date of the Notice of Suspension; therefore, he is automatically barred from association with any FINRA member in all capacities.
FINRA records indicate Graetz has a pending customer dispute reportedly filed against him in March 2019 requesting damages of $500,000 for allegations that he sold “unregistered, fraudulent, and unapproved investments during February 2015.” According to FINRA records, the “fraudulent” investments were reportedly “Belize Infrastructure Fund and Canyon Acquisitions, LLC.”
According to his FINRA BrokerCheck report, Graetz was reportedly affiliated with Paulson Investment Co. in New York, NY from February 2013 until May 2017 when he was reportedly discharged after a “customer-related arbitration claim alleging fraud, negligence, unjust enrichment.”
He reportedly has 8 customer complaints filed against him according to his broker report. Allegations include unsuitable investment recommendations, fraud and negligence, among others.
Investigating Potential Claims
The White Law Group is investigating potential lawsuits regarding the liability that his former employers may have for failure to properly supervise Graetz.
When brokers violate securities laws, such as making unsuitable recommendations or excessively trading accounts, the brokerage firm they are working with may be liable for investment losses through FINRA Arbitration. Brokerage firms that fail to monitor the business activities of their employees may be liable for investment losses due to negligent supervision for the misconduct of their employees.
The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Franklin, Tennessee.
We represent investors in FINRA arbitration claims in all 50 states, including New York. Our attorneys have recovered millions of dollars from many brokerage firms in the past.
If you have suffered losses investing with Kevin Graetz, please call the securities fraud attorneys at The White Law Group at 888-637-5510 for a free consultation.
For more information on The White Law Group, and its representation of investors, please visit www.WhiteSecuritiesLaw.com.