Stoltmann Law Offices is investigating John Charles Kautter II and his former firm, New England Securities. According to a Financial Industry Regulatory Authority (FINRA) disciplinary proceeding, Kautter received a wire transfer of $36,000 from a client’s securities account and put it into George Hoffman, a registered representative of the firm’s personal bank account. Kautter was supposed to have known that Hoffman was not allowed to accept money from a firm customer. Hoffman told Kautter that the customer owed him a fee of $36,000. Kautter also did not properly ascertain the reason or pertinent facts relating to the transaction. This is a violation of FINRA rules and regulations. For this, Hoffman was barred from the industry.
John Charles Kautter II was registered with Morgan Stanley in Purchase, New York from September 2002 until November 2005, Merrill Lynch in Baltimore, Maryland from November 2005 until February 2010 and New England Securities in Bethesda, Maryland from March 2010 until February 2013. He has one customer dispute against him. He is not currently licensed, nor is he with any member firm. If you would like to sue Kautter, please call our Chicago-based securities law firm at 312-332-4200 for a free consultation with one of our attorneys. We may be able to help you recover your investment losses by suing his former firm, New England Securities. They may be liable for his actions, because they had a duty to supervise him while he was a registered representative with them. We sue firms such as New England Securities to recover money for investors in the FINRA arbitration forum.
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