Goodman & Nekvasil P.A., May Recover Investor Losses | Kyle Harrington – Financial Advisor Kyle Harrington Fired by National Securities Corporation
Kyle Harrington CRD #2282328
From 2012 until Kyle Harrington’s firing in 2016, Kyle Harrington was licensed with National Securities Corporation. Kyle Harrington is now licensed with Aurora Capital, LLC and was previously licensed with Bannockburn Partners, LLC. According to FINRA’s records, Kyle Harrington was fired by National Securities Corporation on November 18, 2016. National Securities Corporation reported to FINRA that Kyle Harrington’s firing was related to an internal review regarding the appearance of conversion of client funds. Prior to Kyle Harrington’s firing by National Securities Corporation, according to FINRA’s records, Kyle Harrington had previously been terminated by Matrix Capital Group, Inc. Matrix Capital Group, Inc. reported to FINRA that Kyle Harrington was terminated upon the firm’s determination that Kyle Harrington had failed to timely disclose a reportable event on Kyle Harrington’s Form U4 and on Kyle Harrington’s internal annual certification.
Following Kyle Harrington’s firing by National Securities Corporation, FINRA investigated Kyle Harrington and has brought a pending disciplinary action against Kyle Harrington. Kyle Harrington was named a respondent in a FINRA complaint alleging that Kyle Harrington converted customer funds by intentionally and without authorization taking and exercising ownership of over $19,874.64 belonging to one of Kyle Harrington’s customers when he neither owned the property nor was entitled to possess it. The complaint alleges that Kyle Harrington engaged in a series of private securities transactions with at least two individuals through which he sold over 300,000 shares of restricted stock he purportedly received as compensation from a company for approximately $276,000. The complaint also alleges that Kyle Harrington lied to his firm when he mischaracterized the purpose of payments received into his bank accounts.
The complaint involving Kyle Harrington’s conduct further alleges that as FINRA began investigating Kyle Harrington, Kyle Harrington continued to actively conceal his misconduct with the knowing assistance of his assistant. Specifically, according to FIRNA, at Kyle Harrington’s direction or with his knowledge and consent, Kyle Harrington’s assistant altered certain bank statements request by FINRA in order to conceal the originator of a payment Kyle Harrington received for the stock. Finally, the complaint alleges that after Kyle Harrington learned that FINRA was investigating his conversion of the customer’s funds, Kyle Harrington contacted the customer and attempted to have her sign a false document stating that Kyle Harrington was entitled to the money Kyle Harrington stole.
Prior to this, FINRA investigated Kyle Harrington and brought a disciplinary action against Kyle Harrington. Kyle Harrington consented to a 30 day suspension from the securities and investment banking industry. Kyle Harrington also consented to findings that Kyle Harrington filed a personal bankruptcy petition and failed to disclose that material fact on his Forms U4.
FINRA reports that an arbitration claim was filed involving Kyle Harrington’s conduct with National Securities Corporation alleging violation of section 10(b) of the Securities Exchange Act and SEC Rule 10b-5, common law fraud, negligent misrepresentation, breach of fiduciary duty, and violations of California Corporations Code section 25210(a). This case did not settle and proceeded to final hearing. The arbitration panel found Kyle Patrick Harrington and National Securities Corporation jointly and severely liable, and awarded $105,000 to the claimant in compensatory damages and $50,000 in attorneys’ fees.
FINRA also reports that an arbitration claim was filed involving Kyle Harrington’s conduct with Matrix Capital Group, Inc., Bannockburn Partners, LLC and/or National Securities Corporation alleging common law fraud, misrepresentation, unsuitability, excessive trading, churning, overconcentration, breach of fiduciary duty, breach of contract, negligence, forgery, conversion and agency. This arbitration claim was settled for $85,000. FINRA also reports that three other complaints and/or arbitration claims involving Kyle Harrington’s conduct have been settled.
If you lost any money on investments with Kyle Harrington while Kyle Harrington was employed with Aurora Capital, LLC, National Securities Corporation, and/or Bannockburn Partners, LLC you may be able to recover your losses from Aurora Capital, LLC, National Securities Corporation, and/or Bannockburn Partners, LLC. This is because Aurora Capital, LLC, National Securities Corporation, and Bannockburn Partners, LLC had a duty to supervise Kyle Harrington.
If you lost money on investments with Kyle Harrington and believe the investments may have been unsuitable or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action against Aurora Capital, LLC, National Securities Corporation, and/or Bannockburn Partners, LLC concerning Kyle Harrington’s conduct. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.
Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. Goodman & Nekvasil, P.A. has recovered more than $170 million on behalf of victimized investors. If you lost money on investments with Kyle Harrington and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.
Keywords: Kyle Harrington, Harrington, National Securities Coporation, National Securities, FINRA, Matrix Capital, Securities, Securities Attorney, Broker, Brokerage, Goodman and Nekvasil, Nekvasil, Goodman, Investment, Investment Fraud Attorney, Stockbroker Misconduct Disciplinary Actions, Unsuitable Investment Advice, Investment Fraud, Churning, Misrepresentation and Omission of Material Facts, Elder Fraud, Unauthorized Trading, Theft, Selling Away, Unapproved Outside Business, Nationwide, PIABA, SEC, Securities Exchange Commission, NASD, National Association of Securities Dealers, NASDAQ, Dow Jones, Wall Street, New York Stock Exchange