Broker Kyle Harrington Barred by FINRA, Accused of Stealing Funds

Kyle Harrington (CRD#: 2282328) is a former registered broker/investment advisor. From 2012 to 2016, Mr. Harrington was employed at National Securities Corporation in San Diego, California. After that, Mr. Harrington joined Aurora Capital (2016 to 2018) in Bridgehampton, New York.

Notably, in November of 2016, National Securities Corporation discharged Mr. Harrington after the firm conducted an internal review. The uncovered evidence suggested that he unlawfully converted client funds. Soon after his termination, FINRA launched its own investigation into the allegations against this broker.

Barred Broker: Kyle Harrington

On November 12th, 2018, FINRA barred former National Securities Corporation broker Kyle Harrington. Among other things, a Hearing Panel concluded that this financial advisor stole money from an investor. The panel assessed that Mr. Harrington not only converted nearly $20,000 from a former client, but he also took active steps to conceal the fraud.

The Hearing Panel issued several sanctions against Kyle Harrington. First, this broker was permanently barred from associating with any FINRA member in any capacity. In addition, Mr. Harrington was ordered to pay more than $190,000 in disgorgement of ill-gotten gains and an additional $105,000 in financial restitution to the affected parties.

Get Help From Our Top-Rated Investment Fraud Attorneys

At Sonn Law Group, we represent investors in FINRA arbitration and securities litigation. If you were a victim of financial advisor theft, you may be eligible to recover compensation. To set up a free, no obligation review of your case, please do not hesitate to contact our law firm today.

Disclaimer: This article contains opinions and NOT statements of fact in any way whatsoever. The information here is general information that should not be taken as legal advice. NO attorney-client relationship is established between you and our attorneys by reading this article. This article is attorney advertising and should not be used as a substitute for legal advice from a qualified securities lawyer.

 

Rate this post:

1 Star2 Stars3 Stars4 Stars5 Stars
(No Ratings Yet)
Loading...