Seth Alan McKinney (CRD #5832597, College Station, Texas)

July 25, 2024 – An AWC was issued in which McKinney was assessed a deferred fine of $10,000, suspended from association with any FINRA member in all capacities for 18 months, and ordered to pay deferred disgorgement to FINRA in the amount of $13,000, plus interest. Without admitting or denying the findings, McKinney consented to the sanctions and to the entry of findings that he participated in private securities transactions totaling $2 million without disclosing his participation in these transactions to, nor seeking or receiving approval from, his member firm. The findings stated that McKinney formed an entity to purchase a commercial property located in Georgia. To partially fund the purchase, the entity raised $600,000 from eight investors as part of a private offering. McKinney personally invested $91,515 in the offering. Subsequently, McKinney formed another entity to purchase a commercial property in Illinois. To partially fund the purchase, this entity raised $1.4 million from 12 investors as part of a private offering. McKinney personally invested $91,000 in this offering. In addition to investing his own funds in the offerings, McKinney, along with his business partner, participated in these securities transactions by soliciting all investments, drafting marketing materials, and executing subscription agreements on behalf of the entities. The entities charged a onepercent management fee on the invested funds, and McKinney received 65 percent of that fee. The suspension is in effect from August 5, 2024, through February 4, 2026. (FINRA Case #2022076766901) If you have suffered losses as a result of Seth Alan McKinney'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 Seth Alan McKinney. 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.