Articles Tagged with Montana

Stoltmann Law Offices is investigating Kenneth Lowell Freseman, a former registered representative with RBC Capital Markets. Freseman entered into a Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA). Freseman was accused of borrowing money from one of his customers at the firm. He allegedly borrowed $9,600 from the customer. This is against securities rules and regulations. For this, he was fined $5,000 and suspended from the industry for one month.

Freseman was registered with Shearson, Hammill & Co. from June 1969 until March 1974, Harris Gary & Frederick from January 1974 until July 1975, E.F. Hutton & Co. from June 1975 until January 1988, Prudential Securities in New York, New York from January 1988 until March 1994, A.G. Edwards & Sons in Missoula, Montana from March 1994 until January 2008, Wachovia Securities in Missoula from January 2008 until May 2009 and RBC Capital Markets in Missoula from May 2009 until September 2014. He is currently registered with S.G. Long & Co. in Missoula and has been since August 2014.

If you invested money with Kenneth Lowell Freseman, please call our securities law firm at 312-332-4200 to speak to an attorney. The call is free with no obligation. We sue firms such as RBC Capital Markets in the FINRA arbitration forum. The firm had a duty to reasonably supervise him while he was employed there. We take cases on a contingency fee basis only.

The Massachusetts Securities Regulator, William Galvin, recently filed a lawsuit against the SEC to overturn a recently adopted rule. Galvin claims the adopted rule curtails state oversight of stock offerings by small and emerging companies. The new regulation, Regulation A+, was adopted in April and seeks to ease the registration requirements for start-up companies that wish to raise up to $50 million. Offerings up to $20 million would be filed with the state and SEC. Between $20 and $50 million would require SEC registration only. Galvin claimed the rule was vague in its definition of the type of investor who qualifies to purchase the small offerings, such as local businesses could target retail investors because it did not place net worth or salary restrictions. The state of Montana also brought a suit against the rule.

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