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Holly Korth Fined by SEC Following Unauthorized Trading Allegations

Nov 23, 2021 SEC Complaint

Holly Korth (CRD #5270817), a broker and investment advisor  registered with  J.W. Korth & Company, has been fined by the SEC for allegedly executing unauthorized trades, according to her BrokerCheck Record accessed on November 8, 2021.  

Holly Korth’s SEC Allegations 

On September 13, 2021, an SEC complaint was filed collectively against JW Korth & Company’s managing partner James Korth, managing director Holly Korth  and JW Korth & Company. 

The complaint alleges that between January 2016 and April 2018, JW Korth & Company allegedly affected 201 riskless principal transactions with its advisory clients' accounts without disclosing to the clients in writing before the completion of each transaction the capacity in which it was acting and obtaining transaction-by-transaction client consent in violation of Section 206(3) of the Advisers Act.  

Further, JW Korth & Company violated Advisers Act Section 206(4) and Rule 206-4(7) thereunder by allegedly failing to implement written policies and procedures reasonably designed to prevent violations of Section 206(3) of the Advisers Act. 

According to the SEC, JW Korth & Company managing partner James Korth and managing director Holly Korth each caused JW Korth & Company violationsJW Korth & Company generated $46,857 in net profits from these transactions. 

SEC Sanctions 

Holly Korth was ordered to pay a fine in the amount of $25,000 to the Securities and Exchange Commission. 

Holly Korth Background Information 

Holly Korth has passed the following exams: 

  • Series 66 - Uniform Combined State Law Examination 
  • SIE - Securities Industry Essentials Examination 
  • Series 7 - General Securities Representative Examination 
  • Series 27 - Financial and Operations Principal Examination 
  • Series 24 - General Securities Principal Examination 

She is a registered broker and investment advisor in Michigan and Florida. 

Besides J.W. Korth & Company, Holly Korth has not worked with any other firms. 

Kurta Law Can Help  

If you have been victimized by Holly Korth or James Korth, please contact us today at 877-600-0098 or 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 and 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.