Seth McKinley Fined $10,000 by FINRA

Seth McKinley (CRD #: 5832597) has been suspended by FINRA. This disclosure appears on his BrokerCheck record, accessed on August 23, 2024. Keep reading if you have questions concerning his alleged conduct. 

Regulatory Action 

On July 25, 2024, Seth McKinely entered into an Acceptance, Waiver, and Consent agreement (AWC) in which he consented to the findings that he participated in private securities transactions totaling $2 million without disclosing his participation in these transactions to, nor seeking approval from, his member firm. 

• Seth McKinley allegedly formed an entity to purchase a commercial property in Georgia, and to fund the purchase raised $600,000 from eight investors as part of a private offering. 
• He allegedly also raised $1.4 million from 12 investors to purchase a commercial property in Illinois. 

In addition to soliciting the investments and investing his own money, Seth McKinkley allegedly drafted marketing materials and executed subscription agreements. The entities allegedly charged a one-percent management fee on the investment funds, and he allegedly received 65% of that fee. 

Terms of the AWC 

As part of the terms of the AWC, Seth McKinley consented to an 18-month suspension and a $10,000 fine. He has also agreed to pay a disgorgement of $13,000. 

You can read a copy of the AWC here. 

Private Securities Transactions

FINRA Rule 3280 requires brokers to provide written notice to their firm before engaging in private securities transactions.

Background Information 

Seth McKinley has passed the following exams: 

• Series 63 Uniform Securities Agent State Law Examination 
• SIE – Securities Industry Essentials Examination 
• Series 50 Municipal Advisor Representative Qualification Exam 
• Series 7 General Securities Representative Examination 

During his 12 years of experience, he has registered with three firms: 

• FHN Financial Securities (CRD #: 46346) 
• Coastal Securities (CRD #: 27834) 
• Crews & Associates (CRD #: 8052) 

Kurta Law Can Help 

If you worked with Seth McKinley and you have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email 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.