Usacomplaints.com » Scam, Fake » Complaint / Review: Park Lane, Andrew Kline, Glenn Anderson, Rain Maker, Jamie Shorthill - Rain Maker Securities, Park Lane, Andrew Kline, James Shorthill. Unlicensed securities offering. Stole $100K. #1104042

Complaint / Review
Park Lane, Andrew Kline, Glenn Anderson, Rain Maker, Jamie Shorthill
Rain Maker Securities, Park Lane, Andrew Kline, James Shorthill. Unlicensed securities offering. Stole $100K

I worked for a company that paid Park Lane/ Rain Maker securities of CA, IL $100, 000 while they were suspended by the FINR for selling any securities. Park Lane Andrew Kline, Jamie Shorthill of Park Lane and Glenn Anderson of Rain Maker stole and bluntly lied to a small business on raising funds. Operate out of a 300 SQ foot boiler room located at 2029 Century Park East Floor 4
Park Lane CA charged the company $100, 000 to raise capital. Park Lane securities licensed via Rain Maker IL from being suspended during the contractual raise and without disclosure, recklessly stole $100, 000 from hard working American business. Attached are the reports. Contact enforcement agent and FINR Report before giving this company a dollar. If you have more information please contact the enforcement agent working the case against Park Lane and Rain Maker Glen Anderson IL at Tom Sianis 312-793-3988 or contact the SEC directly that is currently investigating this company’s listed.

http://www.finra.org/brokercheckc Rain Maker Securities, Park Lane, Andrew Kline, James Shorthill of Canada BEWARE. Unlicensed securities offering.

www.prkln.com Securities offered through RainMaker Securities, LLC, member FINRA/SIPC

Allegations on Finr Website
WITHOUT ADMITTING OR DENYING THE FINDINGS, THE FIRM CONSENTED TO THE SANCTIONS AND TO THE ENTRY OF FINDINGS THAT IT AND A PRINCIPAL FAILED TO ENFORCE COMPLIANCE WITH WRITTEN SUPERVISORY PROCEDURES (WSPS) RELATING TO ADEQUATE DUE DILIGENCE FOR UNREGISTERED PRIVATE OFFERINGS. THE FIRM MARKETED AND SOLD UNREGISTERED PRIVATE PLACEMENT SECURITIES OFFERINGS, AND WITH RESPECT TO THE OFFERINGS, THE FIRM, ACTING BY AND THROUGH THE RESPONSIBLE PRINCIPAL, FAILED TO ENFORCE ITS WSPS IN THAT THE FIRM FAILED TO EVIDENCE THAT ADEQUATE DUE DILIGENCE WAS CONDUCTED. IN ADDITION, WITH RESPECT TO THREE OF THE OFFERINGS, THE FIRM AND THE PRINCIPAL FAILED TO COMPLETE AND MAINTAIN A PRIVATE PLACEMENT COMPLIANCE CHECKLIST REQUIRED BY THE FIRM'S WSPS AS EVIDENCE OF ITS DUE DILIGENCE. THE FINDINGS STATED THAT WITH RESPECT TO EACH OF THE
OFFERINGS, THE FIRM SOLICITED THOSE OFFERINGS TO PROSPECTIVE INVESTORS WITH WHOM THE FIRM DID NOT HAVE A PRE-EXISTING, SUBSTANTIVE RELATIONSHIP. AS A RESULT, THE FIRM ENGAGED IN GENERAL SOLICITATIONS OF EACH OF THE OFFERINGS IN CONTRAVENTION OF SECTION 5 OF THE SECURITIES ACT OF 1933. IN ADDITION, BOTH THE FIRM AND ITS PRINCIPAL FAILED TO ENFORCE THE FIRM'S WSPS PROHIBITING GENERAL SOLICITATIONS. THE FINDINGS ALSO STATED THAT THE FIRM DISTRIBUTED COMMUNICATIONS WITH THE PUBLIC THAT WERE NOT FAIR AND BALANCED, DID NOT PROVIDE A SOUND BASIS FOR EVALUATING ANY FACTS RELATING TO A PARTICULAR SECURITY, AND CONTAIN EXAGGERATED, UNWARRANTED AND MISLEADING STATEMENTS. IN ADDITION, THE FIRM'S MARKETING DOCUMENT FAILED TO DISCLOSE, PROMINENTLY OR OTHERWISE, THE FIRM AS THE BROKER-DEALER THROUGH WHICH PRIVATE PLACEMENTS WOULD BE OFFERED AND SOLD. THE FIRM ALSO FAILED TO ENFORCE RELATED WSPS. THE FINDINGS ALSO INCLUDED THAT THE FIRM ALLOWED UNREGISTERED PERSONS TO ENGAGE IN ACTIVITY REQUIRING REGISTRATION AND FAILED TO ENFORCE RELATED WSPS. FINRA FOUND THAT THE FIRM ALLOWED A PERSON WHO WAS NOT A REGISTERED PRINCIPAL TO ACT IN A PRINCIPAL CAPACITY AND FAILED TO ENFORCE RELATED WSPS. FINRA ALSO FOUND THAT THE FIRM FAILED TO REGISTER AN OFFICE LOCATION AS A BRANCH OFFICE, AND FAILED TO IDENTIFY THE OFFICE LOCATION AS BRANCH OFFICE IN ITS WSPS AND FAILED TO DESCRIBE WHEN AND HOW THAT BRANCH OFFICE WOULD BE INSPECTED. IN ADDITION, FINRA DETERMINED THAT THE FIRM AND THE PRINCIPAL FAILED TO ENFORCE COMPLIANCE WITH ITS WSPS RELATING TO CUSTOMER SUITABILITY INFORMATION. MOREOVER, FINRA FOUND THAT THE FIRM AND THE PRINCIPAL FAILED TO ESTABLISH, MAINTAIN AND ENFORCE WRITTEN PROCEDURES THAT WERE REASONABLY DESIGNED TO REVIEW AND APPROVE OUTSIDE BUSINESS ACTIVITY (OBA) AS REQUIRED BY THE NEW FINRA RULE 3270 AND FAILED TO ENFORCE THE FIRM'S OUTDATED PROCEDURES BY FAILING TO REQUIRE REGISTERED
Report# 52266-78374 about RAINMAKER SECURITIES, LLC. Data current as of Friday, February 12, 2016. REPRESENTATIVES TO COMPLETE OBA FORMS RELATED TO OBAS OF
©2016 FINRA. All rights reserved.
16
WHICH THE FIRM WAS NOTIFIED. IN ADDITION, THE FIRM AND THE
www.finra.org/brokercheck
User Guidance

Initiated By:
Date Initiated: Docket/Case Number:
Principal Product Type:
Other Product Type(s):
Principal Sanction(s)/Relief Sought:
Other Sanction(s)/Relief Sought:
Resolution: Resolution Date: Sanctions Ordered:
Other Sanctions Ordered: Sanction Details:
i
FIRM'S OUTDATED PROCEDURES BY FAILING TO REQUIRE REGISTERED REPRESENTATIVES TO COMPLETE OBA FORMS RELATED TO OBAS OF WHICH THE FIRM WAS NOTIFIED. IN ADDITION, THE FIRM AND THE PRINCIPAL FAILED TO DOCUMENT OR OTHERWISE EVIDENCE THAT THE ANALYSIS REQUIRED BY RULE 3270 HAD BEEN CONDUCTED FOR THE REFERENCED OBAS. FURTHERMORE, FINRA FOUND THAT THE FIRM FAILED TO TIMELY DISCLOSE OBAS ON FORMS U4 AND FAILED TO ENFORCE THE RELATED WSPS. THE FINDINGS ALSO STATED THAT THE FIRM FAILED TO CONDUCT INDEPENDENT ANTI MONEY LAUNDERING TEST AND FAILURE TO ENFORCE RELATED WSPS. THE FINDINGS ALSO INCLUDED THAT THE FIRM FAILED TO HAVE WSPS THAT ADEQUATELY ADDRESSED THE REVIEW AND APPROVAL, (AND THE ONGOING MONITORING), OF OUTSIDE WEBSITES MAINTAINED BY REGISTERED REPRESENTATIVES HYPERLINKED FROM THE FIRM'S WEBSITE, AND FAILED TO SUFFICIENTLY DOCUMENT THE REVIEW AND APPROVAL OF OUTSIDE WEBSITES HYPERLINKED FROM THE FIRM'S WEBSITE. FINRA FOUND THAT THE FIRM FAILED TO REVIEW FORMS U5 OF NEWLY HIRED REGISTERED REPRESENTATIVES WHO HAD PREVIOUSLY BEEN REGISTERED WITH FINRA FIRMS AND FAILED TO ENFORCE RELATED WSPS. FINRA ALSO FOUND THAT THE FIRM AND ITS PRINCIPAL FAILED TO IMPLEMENT AND ENFORCE REASONABLE WSPS RELATING TO EMAIL REVIEW AND FAILED TO ENFORCE RELATED WSPS.
FINRA 07/15/2015 2013035059001
Other
PRIVATE PLACEMENT SECURITIES OFFERINGS Suspension
Acceptance, Waiver & Consent(AWC) 07/15/2015
Censure
Monetary/Fine $125, 000.00
THE FIRM WAS CENSURED AND FINED $125, 000.

Initiated By:
Date Initiated: Docket/Case Number:
Principal Product Type:
Other Product Type(s):
Principal Sanction(s)/Relief Sought:
Other Sanction(s)/Relief Sought:
Resolution: Resolution Date: Sanctions Ordered:
Other Sanctions Ordered: Sanction Details:
Firm Statement
AND FINRA RULE 2010. FAILURE TO IMPLEMENT AND ENFORCE REASONABLE WSPS RELATING TO EMAIL REVIEW AND FAILURE TO ENFORCE RELATED WSPS- NASD RULES 3010(B) AND (D) AND FINRA RULE 2010.
FINRA 03/01/2011 2013035059001
No Product
Censure
MONETARY FINE. SUSPENSION OF GLEN ANDERSON FROM GENERAL SUPERVISION FOR 60 DAYS AND A $10, 000 FINE.
Acceptance, Waiver & Consent(AWC) 07/15/2015
Censure
Monetary/Fine $125, 000.00 Suspension
GLEN ANDERSON ALSO RECEIVED A 60 DAY SUSPENSION FROM GENERAL SUPERVISION AND A $10, 000 FINE.
GLEN ANDERSON IS SUSPENDED FROM ACTING AS A GENERAL SECURITIES PRINCIPAL FROM AUGUST 3, 2015 TO OCTOBER 3, 2015.
THE ACTION IS FINAL.

Disclosure 2 of 2
Reporting Source: Current Status: Allegations:
Regulator Final
WITHOUT ADMITTING OR DENYING THE FINDINGS, THE FIRM CONSENTED TO THE SANCTIONS AND TO THE ENTRY OF FINDINGS THAT IT AND A PRINCIPAL FAILED TO ENFORCE COMPLIANCE WITH WRITTEN SUPERVISORY PROCEDURES (WSPS) RELATING TO ADEQUATE DUE DILIGENCE FOR UNREGISTERED PRIVATE OFFERINGS. THE FIRM MARKETED AND SOLD UNREGISTERED PRIVATE PLACEMENT SECURITIES OFFERINGS, AND WITH RESPECT TO THE OFFERINGS, THE FIRM, ACTING BY AND THROUGH THE RESPONSIBLE PRINCIPAL, FAILED TO ENFORCE ITS WSPS IN THAT THE FIRM FAILED TO EVIDENCE THAT ADEQUATE DUE DILIGENCE WAS CONDUCTED. IN ADDITION, WITH RESPECT TO THREE OF THE OFFERINGS, THE FIRM AND THE PRINCIPAL FAILED TO COMPLETE AND MAINTAIN A PRIVATE PLACEMENT COMPLIANCE CHECKLIST REQUIRED BY THE FIRM'S WSPS AS EVIDENCE OF ITS DUE DILIGENCE. THE FINDINGS STATED THAT WITH RESPECT TO EACH OF THE
OFFERINGS, THE FIRM SOLICITED THOSE OFFERINGS TO PROSPECTIVE INVESTORS WITH WHOM THE FIRM DID NOT HAVE A PRE-EXISTING, SUBSTANTIVE RELATIONSHIP. AS A RESULT, THE FIRM ENGAGED IN GENERAL SOLICITATIONS OF EACH OF THE OFFERINGS IN CONTRAVENTION OF SECTION 5 OF THE SECURITIES ACT OF 1933. IN ADDITION, BOTH THE FIRM AND ITS PRINCIPAL FAILED TO ENFORCE THE FIRM'S WSPS PROHIBITING GENERAL SOLICITATIONS. THE FINDINGS ALSO STATED THAT THE FIRM DISTRIBUTED COMMUNICATIONS WITH THE PUBLIC THAT WERE NOT FAIR AND BALANCED, DID NOT PROVIDE A SOUND BASIS FOR EVALUATING ANY FACTS RELATING TO A PARTICULAR SECURITY, AND CONTAIN EXAGGERATED, UNWARRANTED AND MISLEADING STATEMENTS. IN ADDITION, THE FIRM'S MARKETING DOCUMENT FAILED TO DISCLOSE, PROMINENTLY OR OTHERWISE, THE FIRM AS THE BROKER-DEALER THROUGH WHICH PRIVATE PLACEMENTS WOULD BE OFFERED AND SOLD. THE FIRM ALSO FAILED TO ENFORCE RELATED WSPS. THE FINDINGS ALSO INCLUDED THAT THE FIRM ALLOWED UNREGISTERED PERSONS TO ENGAGE IN ACTIVITY REQUIRING REGISTRATION AND FAILED TO ENFORCE RELATED WSPS. FINRA FOUND THAT THE FIRM ALLOWED A PERSON WHO WAS NOT A REGISTERED PRINCIPAL TO ACT IN A PRINCIPAL CAPACITY AND FAILED TO ENFORCE RELATED WSPS. FINRA ALSO FOUND THAT THE FIRM FAILED TO REGISTER AN OFFICE LOCATION AS A BRANCH OFFICE, AND FAILED TO IDENTIFY THE OFFICE LOCATION AS BRANCH OFFICE IN ITS WSPS AND FAILED TO DESCRIBE WHEN AND HOW THAT BRANCH OFFICE WOULD BE INSPECTED. IN ADDITION, FINRA DETERMINED THAT THE FIRM AND THE PRINCIPAL FAILED TO ENFORCE COMPLIANCE WITH ITS WSPS RELATING TO CUSTOMER SUITABILITY INFORMATION. MOREOVER, FINRA FOUND THAT
THE FIRM AND THE PRINCIPAL FAILED TO ESTABLISH, MAINTAIN AND Report# 52266-78374 about RAINMAKER SECURITIES, LLC. Data current as of Friday, February 12, 2016.
18
ENFORCE WRITTEN PROCEDURES THAT WERE REASONABLY DESIGNED
TO REVIEW AND APPROVE OUTSIDE BUSINESS ACTIVITY (OBA) AS
www.finra.org/brokercheck
User Guidance

Initiated By:
Date Initiated: Docket/Case Number:
Principal Product Type:
Other Product Type(s):
Principal Sanction(s)/Relief Sought:
Other Sanction(s)/Relief Sought:
Resolution: Resolution Date:
Does the order constitute a
final order based on
violations of any laws or
regulations that prohibit
THE FIRM AND THE PRINCIPAL FAILED TO ESTABLISH, MAINTAIN AND ENFORCE WRITTEN PROCEDURES THAT WERE REASONABLY DESIGNED TO REVIEW AND APPROVE OUTSIDE BUSINESS ACTIVITY (OBA) AS REQUIRED BY THE NEW FINRA RULE 3270 AND FAILED TO ENFORCE THE FIRM'S OUTDATED PROCEDURES BY FAILING TO REQUIRE REGISTERED REPRESENTATIVES TO COMPLETE OBA FORMS RELATED TO OBAS OF WHICH THE FIRM WAS NOTIFIED. IN ADDITION, THE FIRM AND THE PRINCIPAL FAILED TO DOCUMENT OR OTHERWISE EVIDENCE THAT THE ANALYSIS REQUIRED BY RULE 3270 HAD BEEN CONDUCTED FOR THE REFERENCED OBAS. FURTHERMORE, FINRA FOUND THAT THE FIRM FAILED TO TIMELY DISCLOSE OBAS ON FORMS U4 AND FAILED TO ENFORCE THE RELATED WSPS. THE FINDINGS ALSO STATED THAT THE FIRM FAILED TO CONDUCT INDEPENDENT ANTI MONEY LAUNDERING TEST AND FAILURE TO ENFORCE RELATED WSPS. THE FINDINGS ALSO INCLUDED THAT THE FIRM FAILED TO HAVE WSPS THAT ADEQUATELY ADDRESSED THE REVIEW AND APPROVAL, (AND THE ONGOING MONITORING), OF OUTSIDE WEBSITES MAINTAINED BY REGISTERED REPRESENTATIVES HYPERLINKED FROM THE FIRM'S WEBSITE, AND FAILED TO SUFFICIENTLY DOCUMENT THE REVIEW AND APPROVAL OF OUTSIDE WEBSITES HYPERLINKED FROM THE FIRM'S WEBSITE. FINRA FOUND THAT THE FIRM FAILED TO REVIEW FORMS U5 OF NEWLY HIRED REGISTERED REPRESENTATIVES WHO HAD PREVIOUSLY BEEN REGISTERED WITH FINRA FIRMS AND FAILED TO ENFORCE RELATED WSPS. FINRA ALSO FOUND THAT THE FIRM AND ITS PRINCIPAL FAILED TO IMPLEMENT AND ENFORCE REASONABLE WSPS RELATING TO EMAIL REVIEW AND FAILED TO ENFORCE RELATED WSPS.
FINRA 07/15/2015 2013035059001
Other
PRIVATE PLACEMENT SECURITIES OFFERINGS
Acceptance, Waiver & Consent(AWC) 07/15/2015


Regulator Statement
i
Reporting Source: Current Status: Allegations:
©2016 FINRA. All rights reserved.
22

Report# 52266-78374 about RAINMAKER SECURITIES, LLC. Data current as of Friday, February 12, 2016.
INVOLVING RESPONDENT TEN X. RESPONDENT FAILED TO REQUIRE
PEBLEY TO UPDATE HIS U4 DISCLOSURES TO REFLECT THE OUTSIDE
www.finra.org/brokercheck

Initiated By:
Date Initiated: Docket/Case Number:
Principal Product Type: Other Product Type(s):
Principal Sanction(s)/Relief Sought:
Other Sanction(s)/Relief Sought:
RECORDS RESPONDENT PEDLEY'S OUTSIDE BUSINESS ACTIVITIES INVOLVING RESPONDENT TEN X. RESPONDENT FAILED TO REQUIRE PEBLEY TO UPDATE HIS U4 DISCLOSURES TO REFLECT THE OUTSIDE BUSINESS ACTIVITIES CONDUCTED BY RESPONDENT PEBLEY WHICH LED TO A VIOLATION OF THE ILLINOIS SECURITIES LAW OF 1953
ILLINOIS 11/05/2014
Date:

Offender: Park Lane, Andrew Kline, Glenn Anderson, Rain Maker, Jamie Shorthill

Country: USA   State: California   County: USA   City: Los Angeles   ZIP: 90067
Address: 2029 Century Park East Suite 437

Category: Scam, Fake

2 comments

August 23, 2016 03:42 PM
Sounds like a fake trolling post, there's no mention of the post's actual company, name or info. Looks like fake slander when there's no names attached... Lol this sounds like an angry yelp review from a restaurant! Just saying..
If these allegations are true I have colleagues that can help you . PM me your info I'll fwd your name.
#CABulldogLegal
September 15, 2016 02:11 PM
I wonder if Andrew is as arrogant today as the day when we first met? @cabulldoglegal I tried to reach out, but you do not exist. There is not such #hashtag under such name.
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