Jerome Krause; First Heartland Capital; Menomonee Falls, Wisconsin

Stoltmann Law Offices is investigating Jerome Krause, a former registered representative with First Heartland Capital in Menomonee Falls, Wisconsin. Allegedly, Mr. Krause borrowed funds without authorization, executed unauthorized trades and “used his position of trust and the Claimants’ vulnerability as older adults to siphon money from them under the guise of ‘loans’ as part of a false and fraudulent scheme.” He also allegedly “borrowed a total of $51,000 from two customers” in violation of firm policy. For this, he was fined $15,000 and suspended for two months. He also mismanaged an account. These are all against securities rules and regulations. Mr. Krause was registered with Thrivent Investment Management in Minneapolis, Minnesota from June 1987 until September 2005 and First Heartland Capital in Menomonee Falls, Wisconsin from August 2005 until February 2012. He is not currently registered with any Financial Industry Regulatory Authority (FINRA) firm and is not licensed within the industry. Please call us today for a free consultation as to whether you may be able to bring a claim against Krause’s former firm, First Heartland Capital, for investment losses. 312-332-4200.

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