Securities Lawyers Blog
The law offices of Gana Weinstein LLP are currently investigating claims that Broker Kurt Berry (Berry) has been accused by investors of engaging in fraudulent misappropriation of their funds. According to records kept by The Financial Industry Regulatory Authority (FINRA), it appears that Berry was employed by Vanderbilt Securities, LLC at the time of the activity. If you have been a victim of Berry’s alleged misconduct our firm may be able to assist you in recovering funds.
FINRA BrokerCheck shows a final customer complaint on June 17, 2024.
Without admitting or denying the findings, Berry consented to the sanctions and to the entry of findings that he participated in private securities transactions involving customers without providing prior written notice to his member firms or receiving approval from them. The findings stated that Berry’s customers invested $517,410 in oil and gas wells through a series of securities offerings. These customers were all either pre-existing clients or family members of existing clients of Berry’s advisory firm. Berry met with and made each customer aware of the oil and gas securities offerings, discussed the investments with each customer, and introduced each customer to a colleague who had visited some of the oil and gas wells to conduct due diligence. For each of the customers, Berry received $2,000, totaling $8,000.
