Peiffer Wolf is currently investigating claims against Matthew Bahrenburg, a registered broker and investment advisor with CFD Investments Inc. in the Kokomo, Indiana Branch. If you’ve invested with Matthew Bahrenburg, Contact Us by calling 585-310-5140 or by filling out an online Contact Form for a FREE Consultation.
According to FINRA’s BrokerCheck website for Public Disclosures, Mathew Bahrenburg has been the subject of 3 disclosures.
2022: Customer Dispute – Settled for $210,000. Allegations: The complaint pertains to another Registered representative who allegedly “engaged in the sale of private investments in the form of deposit agreement, in companies that he had ownership or control of, and that in the process, he engaged in the breach of fiduciary duty, violation of FINRA suitability rules, and fraud.” Bahrenburg is CFD’s Chief Compliance Officer, and for his part the complaint alleged he “engaged in Failure to Supervise, Negligent Supervision, and Aiding and Abetting Fraud.”
In 2020, Matthew Bahrenburg was sanctioned by FINRA because “he and his member firm failed to conduct reasonable due diligence into oil and gas private placement offerings and failed to document the limited due diligence that they did conduct.” Moreover, “The firm [CFD], through Bahrenburg, did not reasonably investigate the circumstances of an investor lawsuit that he knew had resulted in a $9 million jury verdict. Bahrenburg was not familiar with the allegations made or the specifics of the verdict entered, which included factual determinations that the principals of the issuer made misrepresentations to investors about their experience in the oil and gas industry, and its ability to afford the costs associated with drilling an oil well.”
The issuer that Bahrenburg failed to investigate was Payson Petroleum. In 2016, the SEC had charged Payson Petroleum’s two owners: “The SEC alleges that, between November 2013 and July 2014, the Griffins, through their company, Payson Petroleum, Inc., conducted a fraudulent two-phase offering of interests in two Texas partnerships, raising $23 million from approximately 150 investors for the purpose of developing three oil and gas wells.”
According to FINRA’s BrokerCheck, Bahrenburg actions resulted in a suspension and fine.
The third disclosure is from 2017 and related to Bankruptcy.
To review Matthew Bahrenburg’s Brokercheck report, click here:
*BrokerCheck is run by the Financial Industry Regulatory Authority, Inc. (FINRA)
Financial advisors (brokers) have a legal obligation and regulatory obligation to recommend only suitable investments that are appropriate for their individual clients. Their broker-dealer (employing brokerage firm) has a legal obligation and regulatory obligation to supervise the financial advisor’s sales practices and dealings with clients. To the extent that any of these duties are breached, the customer may be entitled to a recovery of his or her investment losses.
Matthew Bahrenburg has worked at CFD Investments Inc. and Creative Financial Designs Inc. during his time in the industry. FINRA maintains a database of investor complaints and disciplinary and employment history for registered representatives and publishes some of this information on its BrokerCheck website, www.brokercheck.finra.org.
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If you believe you were a victim of investment fraud or broker misconduct, it is imperative to take action. Peiffer Wolf has represented thousands of victims, and we remain committed to fighting on behalf of investors.
Peiffer Wolf is currently investigating claims against Matthew Bahrenburg of CFD Investments for his recommendation of illiquid investments and annuities. If you’ve invested with Matthew Bahrenburg, Contact Us by calling 585-310-5140 or by filling out an online Contact Form for a FREE Consultation.