David Peter Kluth & Intervest International Equities Corp. Allegedly Engaged in a Fraudulent Wire in the Amount of $40K from an IRA Account
David Kluth is the subject of a pending customer complaint filed on October 8, 2018 which alleges that Intervest International Equities Corp. was purportedly involved with a fraudulent wire in the amount of $40,000, according to FINRA Reports under review by investor rights attorney Alan Rosca.
Alan Rosca, of the Goldman Scarlato & Penny PC law firm, is investigating activity related to David Kluth’s alleged wire fraud. Investors who believe they may have lost money in activity related to David Kluth’s alleged wire fraud are encouraged to contact attorney Alan Rosca with any useful information or for a free, no obligation discussion about their options.
Said funds were allegedly taken from a Mr. Behling’s IRA account, which was purportedly held at Fringe Benefit Design Inc, a third party administrator which is allegedly an outside business activity for respondent David Kluth, FINRA notes. Kluth was allegedly acting as an employee of Fringe Benefits Design, his declared OBA, FINRA notes.
Said wire transfer was the alleged result of Fringe Benefits (OBA) forms which instructed the wire to take place, and the damage amount requested is $50,000, FINRA notes.
David Peter Kluth Has 10 Years in the Securities Industry and Has Been Registered with Intervest International Equities Corporation since 2008
David Kluth has 10 years in the securities industry and has been registered with Intervest International Equities Corporation in Bloomington, Minnesota since May 6, 2008, FINRA notes.
There are no other cases against Kluth or Fringe Benefits, FINRA states.
Brokerage firms such as Intervest International Equities Corporation have a responsibility to adequately supervise all of their registered representatives who are employed through their firm, to prevent violations of securities rules and regulations. Brokerage firms also must initiate action to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. If and when brokerage firms fail to adequately supervise their registered representatives, they may be held liable for investment losses sustained by customers.
Finally, it is important to note that, as of the date of this article, there has not been a finding of liability as to the complaints mentioned in this article, unless otherwise indicated.
Securities Lawyer Investigating
The Goldman Scarlato & Penny PC law firm represents investors who lose money as a result of investment-related fraud or misconduct and are currently investigating David Kluth’s alleged wire fraud. 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, and has represented thousands of victimized investors across the country and around the world in cases ranging from arbitrations to class actions.
Investors who believe they lost money as a result of David Kluth’s alleged wire fraud may contact attorney Alan Rosca for a free no-obligation evaluation of their recovery options, at 888-998-0530, via email at firstname.lastname@example.org, or through the contact form on this webpage.