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Austin Arata Allegedly Engaged in Unauthorized Trading

Austin Arata (CRD #: 6448739), a broker registered with Kinecta Financial & Insurance Services, is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on April 22, 2024. Keep reading if you have questions concerning his alleged conduct. 

Investor Allegations 

On March 11, 2024, an investor alleged that Austin Arata executed unauthorized transactions. The investor is seeking $340,000. 

Unauthorized Trading 

Unauthorized trading violates FINRA Rule 3260, which limits brokers to exercising their trading discretion in pre-approved discretionary accounts.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Unauthorized trading also violates this rule. 

Background Information 

Austin Arata has passed the following exams: 

  • Series 66 – Uniform Combined State Law Examination 
  • SIE – Securities Industry Essentials Examination 
  • Series 7 General Securities Representative Examination 

He is a registered broker in 33 states and California. 

During his nine years of experience, Austin Arata has registered with two firms: Kinecta Financial & Insurance Services (CRD #: 136597) and LPL Financial (CRD #: 6413).

Kurta Law Can Help 

If you have worked with Austin Arata and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. Do not let securities fraud go unchecked. Start your recovery process today.

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