Brian O’Neil Putt & O’Neil Capital Partners, L.P. Allegedly Made Sales of Reportedly Unregistered Securities, & also Borrowed Money from a Customer

Brian O’Neil Putt & O’Neil Capital Partners, L.P. allegedly made sales of unregistered securities, failed to return funds, and also allegedly borrowed money from a customer, according to Documents from the Tennessee Department of Commerce & Insurance currently under review by attorney Alan Rosca.

Attorney Alan Rosca, of the Goldman, Scarlato & Penny law firm, is investigating activity related to Brian O’Neil Putt & O’Neil Capital Partners, L.P.’s  alleged sale of unregistered securities. Investors who believe they may have lost money in activity related to Brian O’Neil Putt & O’Neil Capital Partners, L.P.’s  alleged sale of unregistered securities are encouraged to contact attorney Alan Rosca with any useful information or for a free, no obligation discussion about their options.

Brian O’Neil Putt & O’Neil Capital Partners, L.P. also allegedly borrowed money from a customer and failed to return customer funds, the aforementioned Documents note, and also allegedly were not forthcoming regarding the nature of their transactions and purportedly did not abide by the noted terms of the aforementioned transactions.

O’Neil Capital Partners, L.P. were also allegedly never even registered as broker-dealer or investment advisor in Tennessee, according to the aforementioned Documents from the Tennessee Department of Commerce & Insurance.

O’Neil Capital Partners, L.P. Allegedly Never Registered as Broker-Dealer or Investment Advisor in Tennessee; Brian O’Neil Putt Was Allegedly Terminated from UBS after Obtaining Loans from Elderly Clients

What is more, the Tennessee Department of Commerce & Insurance (TDCI) disciplinary action under review by attorney Alan Rosca also further reports that Brian O’Neil Putt & O’Neil Capital Partners, L.P., based on the aforementioned alleged actions, allegedly violated securities laws.

Therefore, TDCI issued a Final Order which purportedly imposes a $115,000 civil penalty against O’Neil Capital Partners and Putt, and orders them to cease and desist from any future activity in violation of the State of Tennessee’s securities laws.

What is more, Brian O’Neil Putt allegedly has a checkered past in the securities industry.

For example, Brian O’Neil Putt was allegedly terminated from UBS after obtaining loans from an elderly client between 2009 and 2010 for the amount of $58,000, according to the aforementioned Documents, and O’Neil Putt then allegedly make misrepresentations to aforementioned UBS client that the principal and interest had been returned to the client when the funds had purportedly not been paid, the Documents note.

In another case Brian O’Neil Putt provided investment services to a couple starting around 2002 or 2003, and in 2011 allegedly took in $100,000 for a short-term CD, the Documents allege.

By 2013 the couple asked for their cash and allegedly received a check for $100,000 plus $4,000 in interest, but the check was allegedly returned for holding insufficient funds, the Documents also report.

Brian O’Neil Putt was then allegedly convicted in May of 2016 in a Shelby County Criminal Court of alleged theft of $60,000 and given eight years of probation, the Documents also state.

The Documents also further alleged that Brian O’Neil Putt also allegedly made no payments regarding any of his obligations before his conviction.

Securities Lawyer Investigating

The Goldman, Scarlato & Penny law firm represents investors who lose money as a result of investment-related fraud or misconduct and are currently investigating Brian O’Neil Putt & O’Neil Capital Partners, L.P.’s  alleged sale of unregistered securities. The firm takes most cases of this type on a contingency fee basis and advance the case costs, and only gets paid for their fees and costs out of money recovered for clients. Attorney Alan Rosca, a securities lawyer and adjunct professor of securities regulation, has represented thousands of victimized investors across the country and around the world in cases ranging from arbitrations to class actions, and has helped recover tens of millions of dollars on behalf of investors.

Investors who believe they lost money as a result of Brian O’Neil Putt & O’Neil Capital Partners, L.P.’s  alleged sale of unregistered securities may contact attorney Alan Rosca for a free no-obligation evaluation of their recovery options, at 888-998-0530, via email at rosca@lawgsp.com, or through the contact form on this webpage.

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