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Kyle Wool is the Subject of Unauthorized Trading Allegations

Kyle Wool (CRD #: 4238101), a broker registered with Dominari Securities, is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on November 21, 2023. Investors should know that this is the fourth investor dispute on his record. 

On October 2, 2023, an investor alleged that Kyle Wool engaged in unauthorized trading. The investor is seeking $1,477,272.39. 

FINRA Rule 3260

FINRA Rule 3260 limits discretionary trading by brokers to pre-approved discretionary accounts. These accounts must be approved for discretionary trading by both the client and the firm. Discretionary trading that takes place in an account that has not been approved is unauthorized.

FINRA Rule 2010

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

Background Information 

Kyle Wool has passed the following exams: 

  • Series 65 Uniform Investment Adviser Law Examination 
  • Series 63 Uniform Securities Agent State Law Examination 
  • SIE – Securities Industry Essentials Examination 
  • Series 7 General Securities Representative Examination
  • Series 62 Corporate Securities Limited Representative Examination 
  • Series 24 General Securities Principal Examination. 

He is a registered broker in 47 states and D.C. 

During his 23 years of experience, he has registered with eight firms: 

  • Dominari Securities (CRD #: 18975) 
  • Revere Securities (CRD #: 14178) 
  • Morgan Stanley (CRD #: 149777) 
  • Oppenheimer & Co. (CRD #: 249) 
  • Raymond James Financial Services (CRD #: 6694) 
  • Sands Brothers & Co. (CRD #: 26816) 
  • Global Capital Securities Corporation (CRD #: 16184) 
  • Global Capital Markets (CRD #: 16191) 

Kurta Law Can Help

If you worked with Kyle Wool and 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 for 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.