Kyle P. Harrington Allegedly Took Part in Undisclosed Private Securities Transactions & Linda Milberger Allegedly Helped Conceal Said Misconduct
Kyle Harrington allegedly engaged in undisclosed private securities transactions, according to a Complaint from FINRA’s Department of Enforcement currently under review by attorney Alan Rosca.
Attorney Alan Rosca, of the RoscaLaw LLC firm, is investigating activity related to 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 attorney Alan Rosca with any useful information or for a free, no obligation discussion about their options.
Harrington also allegedly made attempts to hide said transactions from National Securities Corporation and Linda Milberger also allegedly assisted in making false documents to submit to FINRA to help conceal said misconduct, according to the aforementioned Complaint.
Harrington allegedly engaged in several undisclosed private securities transactions which he attempted to conceal from National Securities Corporation and also allegedly converted approximately $20,000 from one of his customers, the Complaint notes.
Harrington Allegedly Made Sales of Over 300,000 Shares of Restricted Stock; Harrington Allegedly Took Said Shares as Payment from Islet Sciences, Inc
Harrington, specifically, in August 2012 and early 2013, allegedly took part in a series of private securities transactions with at least two individuals, according to the aforementioned Complaint under review by attorney Alan Rosca.
Said transactions involved Harrington allegedly selling 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 also had allegedly opened customer accounts, collectively, holding approximately $20 million in restricted Islet stock at National Securities Corporation, the Complaint states.
Milberger, in the meantime, allegedly falsified wire request forms which allowed Harrington’s conversion of customer funds, the Complaint notes.
Milberger then allegedly submitted said 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.
One should also note that, according to the AWC, Kyle Harrington neither admitted nor denied the FINRA findings.
Securities Lawyer Investigating
The RoscaLaw firm represents investors who lose money as a result of investment-related fraud or misconduct and are currently investigating Kyle Harrington’s alleged undisclosed private securities transactions. The firm takes most cases of this type on a contingency fee basis and advance the case costs, and only gets paid for their fees and costs out of money recovered for clients. Attorney Alan Rosca, a securities lawyer and adjunct professor of securities regulation, has represented thousands of victimized investors across the country and around the world in cases ranging from arbitrations to class actions, and has helped recover tens of millions of dollars on behalf of investors.
Investors who believe they lost money as a result of Kyle Harrington’s alleged undisclosed private securities transactions may contact attorney Alan Rosca for a free no-obligation evaluation of their recovery options, at 888-998-0530, via email at email@example.com, or through the contact form on this webpage.