KYLE HARRINGTON Formerly with Aurora Capital Barred by FINRA

KYLE PATRICK HARRINGTON (KYLE HARRINGTON) CRD#: 2282328, a broker formerly with AURORA CAPITAL LLC of BRIDGEHAMPTON, NY, was barred by FINRA from acting as a broker or otherwise associating with a broker/dealer firm for allegedly converting a client’s funds.  Harrington was ordered to pay $105,000, plus interest, in restitution to his member firm and ordered to pay disgorgement of $190,974, plus interest, to FINRA.
According to FINRA’s report, Harrington was named in a FINRA complaint alleging that he converted client funds by intentionally and without authorization taking and exercising ownership over $19,874.64 belonging to one of his clients.
The FINRA complaint alleges that 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 had received as compensation from a company for approximately $276,000. Harrington failed to provide his member firm with prior written notice of his private securities transactions, including his proposed role as seller in the transactions.
FINRA also alleges that KYLE HARRINGTON lied to his firm when he falsely characterized three payments received from one of the individuals for the purchase of the stock as vacation-rental-by-owner (VRBO) income. Harrington also falsely characterized the $100,000 payment he received from the other individual for the purchase of stock as a payment from his former broker/dealer. Also, Harrington knowingly caused at least two falsified VRBO rental contracts to be sent to his firm in order to conceal the true purpose of funds he had received in private securities transactions.
The FINRA complaint also alleges that as FINRA began investigating, at Harrington's direction or with his knowledge and consent, his assistant altered certain bank statements requested by FINRA in order to conceal the originator of a payment Harrington received for the stock. KYLE HARRINGTON allegedly submitted the altered bank statement to FINRA. Also, allegedly Harrington falsely and repeatedly insisted that the phony VRBO agreements he had created were authentic and represented legitimate rental transactions. The complaint also alleges that after he learned that FINRA was investigating his conversion of the client's funds, Harrington contacted the client and attempted to have her sign a false document stating that he was entitled to the money he stole.
According to FINRA’s BrokerCheck, KYLE HARRINGTON, has 14 Disclosures on his report, 9 of which are “Customer Disputes.” In 2003, FINRA conducted a review of the CRD’s of all 663,000 registered representatives, only 2,751 (.41%) had been the subject of (3) or more customer complaints. Harrington’s customer complaints rank him in the top one-hundredth percent of all registered representatives for customer complaints. 
Harrington was registered in the securities industry for 20 years and was listed with 17 firms, the most current listed below:
12/07/2016 - 07/18/2018  AURORA CAPITAL LLC - BRIDGEHAMPTON, NY
07/05/2012 - 11/18/2016  NATIONAL SECURITEIS CORP - SAN DIEGO, CA
03/12/2012 - 07/18/2012  BANNOCKBURN PARTNERS LLC - SYOSSET, NY
12/15/2009 - 11/18/2011  MATRIX CAPITAL GROUP INC - NEW YORK, NY
02/07/2008 - 12/21/2009  FIRST ALLIED SECURITIES INC - LA JOLLA, CA
If you have experienced financial losses due to the actions or recommendations of KYLE HARRINGTON, formerly with AURORA CAPITAL LLC of BRIDGEHAMPTON, NY, contact Soreide Law Group and speak to an experienced securities lawyer at no cost regarding the possible recovery of your investment losses through a FINRA arbitration at:  888-760-6552.
Soreide Law Group represents our clients nationally before FINRA on a contingency fee basis.