Seth Mckinney – FINRA Alleges Participation In Private Securities Transactions Totaling $2 million

SETH ALAN MCKINNEY

CRD#: 5832597

Call 800-500-4442 if you think that you have received unsuitable investment recommendations from your adviser.

SETH ALAN MCKINNEY (CRD#: 5832597), a former representative for FHN FINANCIAL SECURITIES CORP. in HOUSTON, TX, is the subject of a FINRA suspension and fine. Lerner consented to a $10,000.00 fine and an 18 month suspension.

The findings stated that McKinney formed an entity to purchase a commercial property located in Georgia. To partially fund the purchase, the entity raised $600,000 from eight investors as part of a private offering. McKinney personally invested $91,515 in the offering.

Subsequently, McKinney formed another entity to purchase a commercial property in Illinois. To partially fund the purchase, this entity raised $1.4 million from 12 investors as part of a private offering. McKinney personally invested $91,000 in this offering.

In addition to investing his own funds in the offerings, McKinney, along with his business partner, participated in these securities transactions by soliciting all investments, drafting marketing materials, and executing subscription agreements on behalf of the entities. The entities charged a one-percent management fee on the invested funds, and McKinney received 65 percent of that fee.

Seth Mckinney – FINRA Alleges Participation In Private Securities Transactions Totaling $2 million

Goodman & Nekvasil, P.A., is investigating brokers who may have exercising unauthorized discretion in customer accounts.

St. Petersburg, Florida law firm Goodman & Nekvasil, P.A., has a national practice representing victimized investors. The firm continues to investigate brokerage firms that placed elderly retirees and other conservative investors in unsuitable investments.

Goodman & Nekvasil, P.A., has filed numerous cases against brokerage firms selling high-risk investments and has recovered more than $400 million dollars on behalf of victimized investors.

We allege in these cases that these investment recommendations were unsuitable for our clients in view of their financial situation, needs and investment objectives.

There is no charge for an evaluation of your case. We handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee.

If you incurred losses on your investment and would like your case evaluated by a securities attorney, please contact us.

Some of the information in this blog post was obtained from FINRA on 7/26/24. If you believe this information was reported incorrectly, please contact our firm: 1-800-500-4442.

[]

1 Step 1

FormCraft - WordPress form builder