Growth Capital Broker Found Selling Away
Kenny Danny Mezher of San Francisco California a stockbroker formerly registered with Growth Capital Services Inc. has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he participated in unauthorized private securities transactions. Letter of Acceptance Waiver and Consent No. 2017053887501 (July 27, 2018).
According to the AWC, from January of 2017 to March of 2017, Mezher was employed by Growth Capital Services as well as Crescent Ridge Capital Partners – a hedge fund which has since become defunct. The AWC stated that the owner of Crescent Ridge directed Mezher to accumulate capital for the hedge fund through the sale of Crescent Ridge Volatility Fund limited partnership interests. Evidently, five investors had been sold a total of $179,500.00 worth of limited partnership interests.
Mezher apparently never provided written notice to Growth Capital Services about his transactions, and he failed to procure the firm’s approval to engage in the transactions outside the firm’s auspices. Consequently, FINRA found that Mezher sold away from his firm in violation of FINRA Rules 2010 and 3280.
FINRA Public Disclosure confirms that Mezher is referenced in a customer initiated investment related arbitration claim in which the customer requested $50,000.00 in damages based upon accusations that while Mezher was associated with Growth Capital Services, he engaged in an unapproved private securities transaction where the customer’s money had been stolen. FINRA Arbitration No. 17-03266 (Dec. 12, 2017).
Mezher’s registration with Growth Capital Services has been terminated as of April 11, 2017.
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