Financial Industry Regulatory Authority (FINRA) BrokerCheck shows disclosures about securities broker / financial advisor Kurt Allen Berry [CRD: 4550773, Elizabethton, Tennessee]. Berry worked for Vanderbilt Securities LLC from November 1, 2019, to July 7, 2022, and Regulus Advisors LLC from October 5, 2016, to November 6, 2019. Recently, Berry has faced sanctions and a client complaint, including a fine and suspension related to private securities transactions. Keep reading to learn more about these disclosures.
FINRA Sanctions Kurt Berry for Private Securities Transactions
On June 17, 2024, Kurt Berry was sanctioned by FINRA under Letter of Acceptance, Waiver, and Consent No. 2023080473501. Berry was fined $5,000 and suspended for six months from associating with any FINRA member. This disciplinary action arose from Berry's alleged involvement in private securities transactions between 2019 and 2021. Supposedly, he facilitated clients’ investments totaling $517,410 in oil and gas wells without providing prior written notice to Regulus Financial Group LLC and Vanderbilt Securities LLC. Therefore, he violated FINRA Rules 3280 and 2010.
Kurt Berry Accused of Misrepresentations
On November 14, 2023, a client of Regulus Advisors LLC filed FINRA Arbitration No. 23-03247 about Kurt Berry, seeking $473,000 in damages. The client accused Berry of misrepresenting facts about the risks of oil and gas securities. This was during his time with Regulus Advisors LLC. This matter is currently pending a resolution.
Contact Soreide Law Group online or at (888) 760-6552 to speak with a securities attorney for more information. Berry and the firms he worked for deny accusations of sales practice violations. Soreide Law Group has experience representing investors throughout the country. The firm handles cases on a contingency basis.
