LAGUNA NIGUEL, CALIFORNIA
Have you lost money with financial advisor Aaron Douglas Maurer, formerly with Ascendant Alternative Strategies, in Laguna Niguel, California? We are investigating allegations made by FINRA, the Financial Industry Regulatory Authority, against Doug Maurer. FINRA suspended Maurer from the securities industry for two years and fined him $10,000.
FINRA was investigating Aaron Douglas Maurer regarding allegations that he engaged in undisclosed private securities transactions. In particular, Maurer raised $1.1 million for college and SAT preparation services by issuing securities on behalf of the company. Maurer is also the part-owner of a company called Horizon Education which is engaged in SAT and ACT prep.
Aaron Douglas Maurer (or Doug Maurer) was a financial advisor and registered representative of Ascendant Alternative Strategies from June 2018 to June 2019. He worked at a branch office in Laguna Niguel, California. He was also affiliated with Institute for Wealth Consultants, a registered investment advisory firm.
Brokerage firms like Ascendant Alternative Strategies have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Ann Arbor, Michigan; Phoenix, Arizona; and Seattle, Washington. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in California. Our attorneys have represented over one thousand investors against many brokerage firms in the past.