According to Investment News, the Financial Industry Regulatory Authority (FINRA) has barred Wells Fargo broker and Miami socialite Aaron Parthemer for failure to disclose his involvement in various outside businesses. FINRA rules require brokers to disclose outside business activity to the brokerage firm where they work.

FINRA alleged that from 2009 to 2013 Parthemer failed to disclose his involvement in the night club Club Play. He also was allegedly involved in a tequila marketing operation and an internet branding startup. In addition, FINRA alleged Parthemer loaned almost $400,000 to the three owners of the night club. The loans violated the firms policy regarding loans.

Furthermore, according to reports, Parthemer falsely represented himself on compliance questioners he provided to Morgan Stanley and Wells Fargo. When Finra began to request more information regarding his outside businesses he again allegedly provided false information.

If you suffered losses investing with Aaron Parthemer and would like to discuss your potential to recover your losses through a FINRA arbitration claim, please call the securities attorney of The White Law Group at (312) 238-9650 for a free consultation.

The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Vero Beach, Florida.

For more information on The White Law Group, please visit our website at www.whitesecuritieslaw.com.