Third Avenue Focused Credit Fund

FINRA Kicks Wells Fargo Broker Out of Securities Industry

FINRA has barred Wells Fargo broker Aaron Parthemer for failing to disclose outside businesses. From 2009 to 2013, Parthemer was a broker with Morgan Stanley and then Wells Fargo, counting NFL and NBA players among his clients. But during that time, he allegedly failed to disclose his business involvement in a Miami nightclub, loans that he made to clients, or that he referred clients to invest in a startup company.

In response to Morgan Stanley and Wells Fargo questionnaires, Parthemer also apparently falsely represented that he was not participating in any outside business activities that required disclosure. Finally, he also apparently gave false information to FINRA about his outside business activities.

If you believe you are a victim of stockbroker misconduct, contact investment fraud lawyers for a consultation. With offices in Los Angeles, New York City and Miami, investment fraud lawyers at Dimond Kaplan & Rothstein, P.A. are available for in-person consultations. Contact us today to set up an appointment.