National investment loss lawyers KlaymanToskes is investigating investment advisor Kurt Berry (CRD# 4550773) of Regulus Advisors, Vanderbilt Securities and First Advisors National, who has been suspended from acting as a broker by the Financial Industry Regulatory Authority (“FINRA”), following allegations that he participated in private securities transactions involving oil & gas investments, and involving several customers, while associated with Regulus Financial Group and Vanderbilt Securities.
Financial advisor Kurt Berry is currently facing a pending customer complaint which alleges $473,000 in investor damages due to representations that Resolute/Petrorock Oil & Energy Investments were a non-correlated alternative to the stock market, which would not experience volatility.
The customer complaint further alleges that the representative “touted the so-called tax benefits of investing in oil and gas securities structured like the Resolute/Petrorock Investments” and “never balanced the presentation with a discussion of risk sand down played the boiler plate disclosure language that appeared in the offering documents as mandatory disclosure language that would have no application.”
According to FINRA’s findings, Berry’s customers invested $517,410 in oil and gas wells through a series of securities offerings. These customers were reportedly all either pre-existing clients or family members of existing clients of Berry’s advisory firm.
According to FINRA BrokerCheck, investment advisor Kurt Berry a/k/a Kurt Allen Berry was previously registered as a broker with Vanderbilt Securities from November 2019 to July 2022, when the firm filed a Uniform Termination Notice for Securities Industry Registration (“Form U5”) terminating his registration. On November 16, 2023, Vanderbilt Securities reportedly amended Berry’s Form US to disclose that four former customers had filed a statement of claim concerning Berry. Berry is currently registered as an investment advisor with First Advisors National in Johnson City, TN.
Investors that suffered losses with investment advisor Kurt Berry are encouraged to contact attorney Lawrence L. Klayman, Esq., at 888-997-9956 or by email at investigtaions@klaymantoskes.com to discuss recovery options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
KlaymanToskes is a leading national investment loss law firm that represents the interests of investors throughout the world who have suffered losses due to broker misconduct, investment fraud, and securities violations.
The article linked below contains important information relating to the complaint against investment advisor Kurt Berry:
If you suffered losses with investment advisor Kurt Berry, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.
The firm has helped recover over $600 million (exclusive of attorneys fees and costs) for investors, and can help you determine if your loss is due to financial advisor misconduct, unsuitable investment advice, and/or other securities violations.
As an investor, there are a few signs that you should look out for if you believe you may have a claim against investment advisor Kurt Berry. These signs could potentially indicate broker misconduct, negligence, or investment fraud. Investors are encourage to contact our firm immediately if you have experienced any of the following:
Some investors have close relationships with their brokers due to the time and trust built over the course of their investment relationship. However, it is crucial to remember that financial decisions should be based on careful analysis and due diligence rather than solely relying on personal relationships.
According to FINRA and the SEC, brokerage and investment advisory firms such as Regulus Advisors, Vanderbilt Securities and First Advisors National are responsible for the supervision of all of the activities of their registered brokers and investment advisors. Investors may be entitled to a financial recovery if their brokerage firm failed to supervise the representative managing their brokerage account, and/or if their broker/advisor made unsuitable investment recommendations.
Engaging the services of an experienced securities attorney to evaluate the specific circumstances of your case is strongly advised. At KlaymanToskes, our team of experienced securities attorneys has a deep understanding of this complex area of law, allowing us to provide invaluable insight and tailored guidance that directly addresses your individual needs.
If you suffered losses with investment advisor Kurt Berry or have concerns regarding your investment portfolio at Regulus Advisors, Vanderbilt Securities and/or First Advisors National, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation to discuss recovery options.