Adam Kuettel Suspended By FINRA

Adam Kuettel suspended

In May, 2016, the Financial Industry Regulatory Authority (“FINRA”) announced that Adam Kuettel of Bentonville, Arkansas, formerly with St. Bernard Financial Services and Veritas Investment Partners, both of Bentonville was suspended from association with any FINRA member for nine months and fined $10,000 as a result of his participation in private securities transactions.  According to the findings, Kuettel participated in two undisclosed outside business activities whereby customers invested in private securities transactions away from Kuettel’s firm, a violation of FINRA rules.  In one case customers invested over $800,000 in stocks and warrants in a PIPE transaction.  In the other transaction customers invested in a partnership that Kuettel held an interest in.  Kuettel’s suspension runs until January, 2017

Registration and disciplinary history

In order to lawfully sell investments to the public,  a registered rep must either be registered or exempt from registration.  Adam Kuettel was registered with:

08/2014 – 12/2014
VERITAS INDEPENDENT PARTNERS, LLC
02/2013 – 08/2014
ST. BERNARD FINANCIAL SERVICES, INC.
10/2012 – 10/2012
AUSDAL FINANCIAL PARTNERS, INC.
12/2010 – 11/2011
DIVIDEND CAPITAL SECURITIES, LLC
05/2008 – 11/2010
1ST GLOBAL CAPITAL CORP.

According to FINRA’s CRD disclosure report, Adam Kuettel has been the subject of one regulatory investigation.

The Law Office of David Liebrader practices exclusively in the field of investment loss recovery.  For the past 23 years, we have dedicated our law practice to assisting investors who have been victims of investment fraud via fraudulent and unsuitable investment transactions.  During that time we have recovered money for over one thousand individuals, pension plans, trusts and companies.  The recoveries we have obtained via judgments, awards and settlements on behalf of our clients exceed $40,000,000.

When investors contact our firm they can expect prompt attention, and a detailed analysis of their issues.  Typical claims that we are asked to review  involve “unsuitability (where a financial advisor makes investment recommendations that are inconsistent with a customer’s investment objectives), claims for “churning” (where a broker enters into an excessive number of trades for the purpose of generating commissions), claims involving illiquid investments such as private placements (I.e., real estate investment trusts, limited partnerships, equipment leasing and oil and gas drilling programs) as well as claims for violations of state securities laws, which often provide investors remedies like attorney’s fees and interest, if they are successful on the claim.

If you suspect that you have been the victim of investment fraud, or had a financial advisor recommend unsuitable investments to you, call us today for a free, confidential consultation at (702) 380-3131.