Kyle Harrington, of San Diego, California, Subject of FINRA Complaint
Have you lost money with financial advisor Kyle Harrington of San Diego, California? We are investigating allegations made by FINRA, the Financial Industry Regulatory Authority, against Kyle P. Harrington. FINRA brought a claim against Harrington, making several allegations.
FINRA alleged that in August 2012, while he was registered with National Securities Corp., Harrington converted or stole $20,000 from one of his customers by wiring the money to his personal checking account. Harrington also had his assistant, Linda Milberger, alter wire request forms in an attempt to conceal this conduct. Moreover, in 2012 and 2013, Kyle Harrington sold over 300,000 shares of restricted stock in Islet Sciences, Inc. to at least two individuals, without receiving permission from National Securities Corp.
Kyle Harrington was a financial advisor and registered representative of National Securities Corp. from July 2012 to November 2016. He has also been affiliated with Aurora Capital from December 2016 to the present. He worked at a branch office in San Diego, California.
According to BrokerCheck, Harrington has been the subject of at least 9 customer complaints, some of which make allegations regarding the sales of penny stocks (including Fantex) while he was with National Securities Corp. He was fired by National Securities Corp., and he was also previously fired by another brokerage firm in 2011. Harrington runs and operates Harrington Capital Management. Harrington also was the subject of a prior FINRA investigation after he failed to disclose a personal bankruptcy.
Brokerage firms like National Securities Corp. have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in the Seattle area, Vancouver, Washington, Denver, and Ann Arbor, Michigan. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in California and in the San Diego area. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including National Securities Corp.
Click to view: Harrington, Kyle FINRA Complaint
Click to view: Harrington, Kyle BrokerCheck 6.26.17
If you lost money with Kyle Harrington or National Securities Corp., please Contact Us at 206-795-5798 for a free evaluation of your case.
Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency. Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency. All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact. This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice. Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis. In contingent representation, clients may still be liable for costs.