{"id":18176,"date":"2019-07-12T10:59:26","date_gmt":"2019-07-12T15:59:26","guid":{"rendered":"https:\/\/www.investorlawyers.com\/?p=7263"},"modified":"2019-07-12T10:59:26","modified_gmt":"2019-07-12T15:59:26","slug":"kristofor-r-behn-fraud-charges","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/kristofor-r-behn-fraud-charges\/","title":{"rendered":"Kristofor R. Behn, Fieldstone Financial Management Face Fraud Charges"},"content":{"rendered":"<p>\t\t\t\tKristofor R. Behn and his Fieldstone Financial Management are now facing <a href=\"https:\/\/www.sec.gov\" target=\"_blank\" rel=\"noopener noreferrer\">US Securities and Exchange Commission (SEC) <\/a>charges accusing them of defrauding retail investors. Behn and the firm, which was a registered investment adviser until March, recommended that their clients invest in <a href=\"https:\/\/www.investorlawyers.com\/?s=aequitas\" target=\"_blank\" rel=\"noopener noreferrer\">Aequitas Management LLC-<\/a>issued securities. In 2016, Aequitas and four of its affiliates were accused of defrauding over 1500 investors of around $350M&#8211;although that figure could be as high as around $600M.<\/p>\n<p>The Commission contends that between 2014 and early 2016, Behn and Fieldstone advised about 40 individuals to invest over $7M in Aequitas securities, while failing to disclose that the company had given Fieldstone a $2M credit line and a $1.5M loan. Both were reasons for him and his firm to recommend the investments to clients seeing as, per the terms:<\/p>\n<ul>\n<li>If $25M of the assets of Fieldstone\u2019s clients went into Aequitas securities, then Behn could pay back the loan by \u201cconverting the debt into an equity interest\u201d in Fieldstone, with the interest belonging to Aequitas.<\/li>\n<\/ul>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/kristofor-r-behn-fraud-charges\/\"  title=\"Continue Reading Kristofor R. Behn, Fieldstone Financial Management Face Fraud Charges\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Kristofor R. Behn and his Fieldstone Financial Management are now facing US Securities and Exchange Commission (SEC) charges accusing them of defrauding retail investors. Behn and the firm, which was a registered investment adviser until March, recommended that their clients invest in Aequitas Management LLC-issued securities. In 2016, Aequitas and four of its affiliates were [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3781,3738,3760],"tags":[3779,3780,3782],"class_list":["post-18176","post","type-post","status-publish","format-standard","hentry","category-investment-advisers","category-investor-fraud","category-sec-enforcement","tag-aequitas-management","tag-fieldstone-financial-management","tag-kristofor-r-behn"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Kristofor R. Behn, Fieldstone Financial Management Face Fraud Charges &#8212; Investor Lawyers Blog &#8212; July 12, 2019<\/title>\n<meta name=\"description\" content=\"Kristofor R. Behn and his Fieldstone Financial Management are now facing SEC charges after recommendeding Aequitas Management LLC-issued securities.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/kristofor-r-behn-fraud-charges\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Kristofor R. Behn, Fieldstone Financial Management Face Fraud Charges &#8212; Investor Lawyers Blog &#8212; July 12, 2019\" \/>\n<meta name=\"twitter:description\" content=\"Kristofor R. Behn and his Fieldstone Financial Management are now facing SEC charges after recommendeding Aequitas Management LLC-issued securities.\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Kristofor R. Behn, Fieldstone Financial Management Face Fraud Charges &#8212; Investor Lawyers Blog &#8212; July 12, 2019","description":"Kristofor R. Behn and his Fieldstone Financial Management are now facing SEC charges after recommendeding Aequitas Management LLC-issued securities.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.investorlawyers.com\/blog\/kristofor-r-behn-fraud-charges\/","twitter_card":"summary_large_image","twitter_title":"Kristofor R. Behn, Fieldstone Financial Management Face Fraud Charges &#8212; Investor Lawyers Blog &#8212; July 12, 2019","twitter_description":"Kristofor R. Behn and his Fieldstone Financial Management are now facing SEC charges after recommendeding Aequitas Management LLC-issued securities.","twitter_misc":{"Written by":"Shepherd Smith Edwards &amp; Kantas, LLP","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/kristofor-r-behn-fraud-charges\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/kristofor-r-behn-fraud-charges\/"},"author":{"name":"Shepherd Smith Edwards &amp; Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"Kristofor R. Behn, Fieldstone Financial Management Face Fraud Charges","datePublished":"2019-07-12T15:59:26+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/kristofor-r-behn-fraud-charges\/"},"wordCount":558,"keywords":["Aequitas Management","Fieldstone Financial Management","Kristofor R. 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