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Lucas Hales is the Subect of a $10,000 FINRA Fine

Lucas Hales (CRD #: 6258497) has been suspended by FINRA. This disclosure appears on his BrokerCheck record, accessed on March 25, 2024. Keep reading if you have questions regarding his alleged conduct. 

FINRA Allegations 

On January 18, 2024, Lucas Hales entered into an Acceptance, Waiver, and Consent agreement (AWC) in which he consented to the findings that he participated in private securities transactions totaling $3 million without seeking or receiving his firm’s written approval to participate in those transactions, as required by FINRA Rule 3280. 

Lucas Hales and another individual allegedly established an LLC to act as a vehicle for an investment in a technology company. He allegedly participated in transactions by reviewing investors’ subscription documents and serving as a designated point of contact for investors. 

Terms of the AWC 

As part of the terms of the AWC, Lucas Hales consented to a $10,000 fine and a 12-month suspension. 

You can read a copy of the AWC here. 

Background Information

Lucas Hale has passed the following exams:

  • Series 99TO Operations Professional Examination 
  • SIE – Securities Industry Essentials Examination 
  • Series 7 General Securities Representative Examination 

During his five years of experience, he has registered with three firms: 

  • Virtu Americas (CRD #: 149823) 
  • Virtu Financial BD (CRD #: 148390) 
  • Virtu Financial Capital Markets (CRD #: 45986) 

Kurta Law Can Help 

If you have worked with Lucas Hales and have concerns about your investments, do not hesitate to contact us 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 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. Do not let securities fraud go unchecked. Start your recovery process today.

 

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