Kyle Charter Suspended by FINRA for Alleged Private Securities Transaction

Kyle Charters (CRD #: 6288496), a broker formerly registered with Inner Circle Sports, allegedly failed to notify his firm of a private securities transaction, according to his BrokerCheck record, accessed on June 15, 2025. Keep reading if you want to know more about his alleged conduct as a broker.

FINRA Suspension

On May 12, 2025, Kyle Charters consented to the entry of findings that he allegedly participated in a private securities transaction in 2022 without notifying his firm, Inner Circle Sports.

According to a Letter of Acceptance, Waiver & Consent (AWC), Kyle Charters allegedly facilitated the sale of a limited partnership interest in a fund formed by a private equity firm to an institutional investor. The AWC further alleged that Kyle Charters hoped to later join this firm.

The institutional investor was allegedly not a client of Kyle Charters at Inner Circle Sports and ultimately invested approximately 1.5% of its assets in exchange for LP interest in January 2023.

Kyle Charters allegedly failed to notify Inner Circle Sports or receive approval to participate in this transaction.

The AWC concluded that these allegations constituted violations of FINRA Rules 3280 and 2010.

FINRA Rule 3280

FINRA Rule 3280 requires brokers to provide written notice to their firm before engaging in private securities transactions. This includes selling away, which is the practice of brokers selling investments not offered or approved by their firm.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

Sanctions

Kyle Charters consented to the following sanctions:

• Six-month suspension from associating with FINRA members
• $10,000 fine

His suspension began on May 19, 2025, and will end on November 18, 2025. You can read a copy of the AWC here.

Background Information

Kyle Charters has passed the following exams:

• Securities Industry Essentials Examination – SIE
• Investment Banking Registered Representative Examination – Series 79
• Uniform Securities Agent State Law Examination – Series 63

He previously worked for Inner Circle Sports (CRD#:127772).

Kurta Law Can Help

If you worked with Kyle Charters and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want 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.