Category Archives: Strategic Point Securities

David F. Brochu and Kleossum, Inc. -New Hampshire Securities Bureau Files Action to Suspend Licenses

September 4, 2014

The New Hampshire Bureau of Securities Regulation issued an order of suspension, show cause and cease and desist against Kleossum, Inc. and David F. Brochu of Conway, New Hampshire.

The order alleges that between September 2011 and April 2013, Brochu, who is a licensed investment advisor with Kleossum sold interests in Brochu  Family Farms, LLC, Sustainable Forest Fuels Wood, LLC and KT1,LLC, and failed to disclose material conflicts of interest. It further alleges that Brochu and Kleossum continued to solicit investment funds with inaccurate business projections and with no place of business following his arrest in February 2014 and the closing o f Kleossum in March 2014.

Brochu and Kleossum may request a hearing within 30 days of receipt of the Order.

According to FINRA records, Brochu was formerly a licensed broker with Strategic Point Securities, LLC , Providence, Rhode Island.

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