Matthew Bahrenburg Allegedly Failed to Investigate Payson Private Placement
Matthew Bahrenburg (CRD #:5295661), a broker registered with CFD Investments, was named as a control person in an investor dispute, according to his BrokerCheck record, accessed April 12, 2022. He is also an investment advisor registered with Creative Financial Designs.
On February 1, 2022, Matthew Bahrenburg was named in an investor dispute filed against Dana Vietor, a formerly registered representative at Matthew Bahrenburg’s member firm.
According to the allegations, Dana Vietor allegedly engaged in the sale of private investments in companies he had ownership or control of, and in the process, he engaged in a breach of fiduciary duty, violation of FINRA suitability rules, and fraud.
The investor is seeking $345,000ーthe case is still pending.
FINRA Suspension and Fine
According to an Acceptance, Waiver, and Consent agreement dated August 24, 2020, Matthew Bahrenburg consented to the findings that he and his member firm failed to conduct reasonable due diligence into Payson oil and gas private placement offerings. If he had performed his due diligence, he would have known that Payson was the subject of an investor lawsuit that resulted in a $9 million verdict for the investor, which should have been a red flag. Payson also allegedly made misrepresentations to investors about their experience in the oil and gas industry, and their ability to afford the costs associated with drilling an oil well.
As part of the terms of the AWC, Matthew Bahrenburg consented to:
- A 45-day suspension
- A $5,000 fine
You can read a copy of the AWC here.
Matthew Bahrenburg has a bankruptcy on his record from 2017.
Matthew Bahrenburg has passed the following exams:
- Series 66 Uniform Combined State Law Examination
- SIE – Securities Industry Essentials Examination
- Series 7 General Securities Representative Examination
- Series 24 General Securities Principal Examination
Matthew Bahrenburg is a registered broker in 12 states and a registered investment adviser Florida, Indiana, Kentucky, North Carolina, and Ohio.
Besides CFD Investments and Creative Financial Designs, he has not worked with any other firm.
Kurta Law Can Help
If you have worked with Matthew Bahrenburg and have concerns about your investments, don’t hesitate to contact us today at 877-600-0098 or email@example.com for a free consultation.
For nearly 20 years, Kurta Law has advocated for investors 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.