Kyle Manning Allegedly Made Misrepresentations
Kyle Manning (CRD #: 4571317), a broker formerly registered with Spartan Capital Securities, allegedly made misrepresentations, according to his BrokerCheck record, accessed on March 9, 2023. If you want to know more about his alleged conduct as a broker, keep reading.
Investor Dispute
On January 28, 2020, an investor filed a dispute alleging that Kyle Manning made unsuitable investment recommendations and misrepresentations. The client sought $668,000 in damages and received a settlement of $75,000.
This dispute was part of a larger arbitration filed against Spartan Capital Securities and over a dozen of its brokers. You can read the arbitration agreement here.
FINRA Rule 2111
FINRA Rule 2111 requires brokers to evaluate whether an investment fits their investor’s financial goals. Brokers must use the information in the investor’s profile, such as their tax status, risk tolerance, and age when recommending investments.
Investors who rely on their broker for recommendations may be able to recoup their losses through FINRA arbitration.
FINRA Rule 2020
FINRA Rule 2020 prohibits the use of deception, manipulation, and other fraudulent means of influencing the purchase and sale of securities. This includes the misrepresentation or omission of information, such as an investment’s risks, requirements, or limitations.
Tax Liens
From 2015-2020, Kyle Manning was subject to a total of $434,728.95 in tax liens.
Background Information
Kyle Manning has passed the following exams:
- Series 63 – Uniform Securities Agent State Law Examination
- SIE – Securities Industry Essentials Examination
- Series 7 – General Securities Representative Examination
In the past, he worked for the following firms:
- Spartan Capital Securities (CRD#:146251)
- Southeast Investments, N.C. (CRD#:43035)
- National Securities Corporation (CRD#:7569)
- Hunter Scott Financial (CRD#:45559)
- J.P. Turner & Company (CRD#:43177)
Kurta Law Can Help
If you worked with Kyle Manning 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 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.