Kurt Allen Berry (CRD #4550773, Johnson City, Tennessee)

June 17, 2024 – An AWC was issued in which Berry was assessed a deferred fine of $5,000, suspended from association with any FINRA member in all capacities for six months, and ordered to pay deferred disgorgement of financial benefits received in the amount of $8,000, plus interest. Without admitting or denying the findings, Berry consented to the sanctions and to the entry of findings that he participated in private securities transactions involving customers without providing prior written notice to his member firms or receiving approval from them. The findings stated that Berry’s customers invested $517,410 in oil and gas wells through a series of securities offerings. The customers were all either pre-existing clients or family members of existing clients of Berry’s advisory firm. Berry met with and made each customer aware of the oil and gas securities offerings, discussed the investments with each customer, and introduced each customer to a colleague who had visited some of the oil and gas wells to conduct due diligence. Berry received $2,000 in compensation for each of the customers, totaling $8,000. The suspension is in effect from June 17, 2024, through December 16, 2024. (FINRA Case #2023080473501)

If you have suffered losses as a result of Kurt Allen Berry's act and/or actions we would like to hear from you. We are currently investigating claims on behalf of clients who have suffered significant losses in their portfolios that are managed by Kurt Allen Berry. The Schwartz Law Firm represents investors in claims against financial advisors and their firms. If you have questions about your potential claim or need assistance from an investment fraud lawyer, please contact us at 866-618-0545 or email Matthew Schwartz directly at mschwartz@tslfirm.com.