Anderson Township Trustee O'Brien to Challenge State Accusations of Fraud
Kevin O'Brien, owner and operator of Cincinnati- based O'Brien Private Wealth Management LLC, has decided to challenge the state's recent accusations that he illegally acted as an investment adviser and committed securities fraud.
In 2008, the Financial Industry Regulatory Authority (FINRA) banned O'Brien from the securities industry for life after allegations arose that he had stolen more than $300,000 from a client in his role as a registered representative with Robert W. Baird & Co Inc. At the time, O'Brien neither admitted nor denied the allegations.
Just under two months ago, O'Brien - now the Anderson Township trustee - ran into new allegations from the Ohio Division of Securities.
This past June, the Division issued a notification that announced the department's intention to file a cease-and-desist order against O'Brien for allegedly discounting the 2008 ban and working as an unregistered investment adviser through his firm, Private Wealth Management, LLC. (For more information, read our June 28 blog post.)
"I've never provided investment advice in violation of state or federal laws," said O'Brien in June.
O'Brien will challenge the state's accusations on Aug. 22 at an adjudicatory hearing in Columbus.
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The Ohio-based law firm of David P. Meyer & Associates represents individuals in Ohio and throughout the country who have been harmed by investment fraud. All of our cases are handled on a contingency fee basis and we never request a retainer of any kind. Contact us toll-free at 1-866-827-6537 for more information or complete the online form on the top of this page and we will respond promptly.
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