Kyle Ray Critcher (CRD #7351555) Was Disciplined by FINRA

Kyle Ray Critcher (CRD #7351555) has been the subject of disclosure events reported on FINRA BrokerCheck. This article is a general overview of those disclosures based on information publicly available through BrokerCheck (accessed January 14, 2026). If you have worked with Kyle Ray Critcher and you have concerns about his activity, keep reading.

BrokerCheck link: Kyle Critcher’s BrokerCheck profile

BrokerCheck report: Kyle Critcher’s BrokerCheck report (PDF)

Regulatory action (FINRA)

According to Kyle Critcher’s FINRA BrokerCheck disclosure summary and the underlying FINRA settlement, FINRA initiated a regulatory action on December 10, 2025 (Case No. 2024083173801) related to recommendations made while associated with LPL Financial LLC. The matter involved corporate bond purchases that were described to two senior customers as FDIC-insured certificates of deposit. The AWC states that Critcher consented to findings that he contravened Section 17(a)(2) of the Securities Act by negligently misrepresenting a material fact, and thereby violated FINRA Rule 2010.

AWC link: FINRA Letter of Acceptance, Waiver and Consent (AWC)

Kyle Critcher’s FINRA BrokerCheck report reflects that the matter resulted in a three-month suspension from associating with any FINRA member in all capacities (December 15, 2025 through March 14, 2026), a $5,000 fine, and a requirement that he requalify by examination before acting as a General Securities Representative with a FINRA member.

Rule summary #1: FINRA Rule 2010

FINRA Rule 2010 is a broad, principles-based rule requiring members and associated persons to observe high standards of commercial honor and just and equitable principles of trade in the conduct of their business.

Rule summary #2: FINRA Rule 2020

FINRA Rule 2020 prohibits effecting transactions or inducing the purchase or sale of securities by means of any manipulative, deceptive, or other fraudulent device or contrivance. Allegations involving misrepresentations about the nature or protections of an investment can implicate this rule.

Employment separation after allegations (Termination)

Kyle Critcher’s FINRA BrokerCheck report also reflects one employment termination disclosure. LPL Financial LLC reported that Kyle Critcher was discharged on August 1, 2024 after allegations that he failed to follow customer instructions to purchase a certificate of deposit.

Why this matters to investors (Regulation Best Interest)

Regulation Best Interest (Reg BI) is a U.S. securities regulation designed to strengthen the standard of conduct that broker-dealers owe to retail investors when making recommendations about securities transactions or investment strategies. Adopted by the U.S. Securities and Exchange Commission and effective as of June 30, 2020, Reg BI aims to enhance investor protection while preserving investor access to brokerage products and services.

Reg BI requires broker-dealers and financial advisors to act in the best interest of the retail customer at the time a recommendation is made, and not to place their own financial or other interests ahead of the customer’s. This represents a higher standard than the historical “suitability” requirement, which only required that recommendations be suitable, not necessarily optimal or conflict-free.

Reg BI is built around four key obligations:

1. Disclosure Obligation – Broker-dealers must disclose material facts about the relationship and recommendations, including fees, scope of services, and conflicts of interest.
2. Care Obligation – Recommendations must be made with reasonable diligence, care, and skill, considering costs, risks, and alternatives.
3. Conflict of Interest Obligation – Firms must identify, disclose, and mitigate or eliminate conflicts, particularly those that create incentives to favor one product over another.
4. Compliance Obligation – Firms must establish policies and procedures designed to ensure compliance with Reg BI as a whole.

Importantly, Reg BI applies at the recommendation level, not as a continuous duty like the fiduciary standard applicable to registered investment advisers. Still, it significantly narrows the gap by emphasizing cost considerations, conflict management, and investor-focused decision-making.

Overall, Regulation Best Interest seeks to promote transparency, improve the quality of investment recommendations, and reinforce trust between retail investors and broker-dealers in the U.S. securities markets.

Background information (from BrokerCheck)

Based on Kyle Critcher’s BrokerCheck report, Kyle Critcher reportedly:

Is not currently registered with a brokerage firm.

Has passed the Series 7TO, Series 6TO, SIE, Series 63, and Series 66 exams.

Was previously registered with firms that include LPL Financial LLC, Vanguard Marketing Corporation, and W&S Brokerage Services, Inc.

Kurta Law Can Help

If you have worked with Kyle Critcher and you have concerns about his conduct, you may have options to recover investment losses. Kurta Law is a nationally recognized law firm that represents investors in FINRA arbitration and securities litigation matters.

To learn more about investor claims that can arise from misrepresentations and related misconduct, see: What does a securities lawyer do? | What is securities fraud?

Contact Kurta Law at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

Helpful resources: FINRA Rule 2010 | FINRA Rule 2020

For nearly 20 years, Kurta Law has advocated for investors and helped them pursue recoveries through FINRA arbitration and other claims. If you believe broker misconduct or securities fraud impacted your account, consider speaking with a securities attorney about your options.