Kyle P. Harrington Allegedly Engaged in Undisclosed Private Securities Transactions and Also Attempted to Hide Them from National Securities Corporation; Linda Milberger Allegedly Helped Create False Documents to Submit to FINRA to Hide Said Misconduct
Kyle Harrington allegedly engaged in undisclosed private securities transactions and also made attempts to conceal them from National Securities Corporation while Linda Milberger allegedly helped create false documents to submit to FINRA to help conceal said misconduct, according to a Complaint from FINRA’s Department of Enforcement currently under review by attorneys Alan Rosca and James Booker.
Peiffer Rosca Wolf securities practice lawyers are investigating Kyle Harrington’s alleged undisclosed private securities transactions.
Investors who believe they may have lost money in activity related to Kyle Harrington’s alleged undisclosed private securities transactions are encouraged to contact attorneys Alan Rosca or James Booker with any useful information or for a free, no obligation discussion about their options.
Harrington allegedly converted approximately $20,000 from one of his customers and also allegedly engaged in several undisclosed private securities transactions which he attempted to conceal from National Securities Corporation, according to the aforementioned Complaint.
Harrington Allegedly Sold Over 300,000 Shares of Restricted Stock which He Purportedly Took as Payment from Islet Sciences, Inc; Milberger Allegedly Falsified Wire Requests which Allowed Harrigton’s Conversion of Customer Funds
Harrington, in August 2012 and early 2013, allegedly engaged in a series of private securities transactions with at least two individuals through which he sold over 300,000 shares of restricted stock, shares which he had purportedly taken as payment from a company under the name of Islet Sciences, Inc. for about $276.000, the Complaint reports.
Harrington allegedly had opened customer accounts collectively holding approximately $20 million in restricted Islet stock at National Securities Corporation, the Complaint notes.
Milberger, meanwhile, allegedly falsified wire request forms which allowed Harrington’s conversion of customer funds, submitted those falsified wire request forms to her firm and another broker dealer as if they were authentic records, and knowingly assisted Harrington in providing an altered bank statement to FINRA, the Complaint reports.
By virtue of the aforementioned alleged behavior, Harrington allegedly violated NASD and FINRA Rules, and FINRA orders that Harrington make full and complete restitution, together with interest and bear such costs of proceeding as are deemed fair and appropriate under the circumstances in accordance with FINRA Rules, the Complaint states.
Securities Lawyers Investigating
The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of alleged investment fraud and are currently investigating Kyle Harrington’s alleged undisclosed private securities transactions. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.
Investors who believe they lost money as a result of Kyle Harrington’s alleged undisclosed private securities transactions may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520 or via e-mail at arosca@prwlegal.com or jbooker@prwlegal.com.
from Investment Fraud Lawyers | Investor Loss Recovery http://ift.tt/2uGFmK2
via Securitieslitigatos.com
