Chad Koehn Suspended by FINRA Following Alleged Unapproved Securities Transactions
Chad Koehn (CRD #: 2216169), a broker formerly registered with SA Stone Wealth Management, allegedly participated in unapproved private securities transactions, according to his BrokerCheck record, accessed on November 21, 2022. Read on to learn more about his conduct as a broker.
FINRA Suspension
On October 21, 2022, Chad Koehn consented to the entry of findings that he allegedly participated in private securities transactions without providing notice to or receiving approval from his firm, SA Stone Wealth Management, between August and October 2020.
According to a Letter of Acceptance, Waiver & Consent (AWC), Chad Koehn allegedly participated in private securities transactions involving investments by at least 59 individuals in Company A, a company that claimed to own software development and blockchain technology businesses. The AWC alleged that approximately 34 of these individuals were SA Stone Wealth Management clients.
Chad Koehn allegedly discussed the private placement offering of Company A’s common stock with these investors, told them he intended to invest in the company’s private placement, and introduced them to the company’s founder.
Additionally, the AWC alleged that Chad Koehn invited the investors to meetings he himself hosted, where the founder delivered presentations about the company’s business and the private placement. Following these meetings, investors allegedly invested approximately $1,475,000 in Company A’s stock. Chad Koehn allegedly did not receive selling compensation in these transactions.
The AWC alleged that Chad Koehn did not provide written notice to SA Stone Wealth Management or receive approval to participate in these transactions, in violation of FINRA Rules 3280 and 2010.
FINRA Rules 3280 and 2010
FINRA Rule 3280 requires brokers to receive approval from their firm before engaging in private securities transactions.
FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.
Sanctions
Chad Koehn consented to the following sanctions:
- $10,000 fine
- 1-year suspension
His suspension began on November 7, 2022, and will end on November 6, 2023.
You can read a copy of the AWC here.
Background Information
Chad Koehn has passed the following exams:
- Series 65 – Uniform Investment Adviser Law Examination
- Series 63 – Uniform Securities Agent State Law Examination
- SIE – Securities Industry Essentials Examination
- Series 7 – General Securities Representative Examination
- Series 6 – Investment Company Products/Variable Contracts Representative Examination
He previously worked for SA Stone Wealth Management (CRD#:18456) and Waddell & Reed (CRD#:866).
Kurta Law Can Help
If you worked with Chad Koehn and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.
For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.
Loading...
Reload document 
Open in new tab