Mitchell Allen Kurtz (also known as Mitch Allen Kurtz) of Roslyn Heights New York a stockbroker formerly registered with Henley Company LLC is the subject of a customer initiated investment related arbitration claim in which the customer sought $691,367.14 in damages based upon accusations that Henley Company LLC failed to supervise Kurtz’s activities or trades in the customer’s account between February of 2014 and July of 2018 during the time that Kurtz was employed by Henley Company LLC. Financial Industry Regulatory Authority (FINRA) Arbitration No. 19-00199 (Jan. 24, 2019).
FINRA Public Disclosure reveals that Kurtz is referenced in three additional customer initiated investment related disputes containing allegations of his violative conduct while he was employed with Advest and Raymond James. Specifically, a customer initiated investment related arbitration claim involving Kurtz’s conduct was settled for $400,000.00 in damages supported by accusations that when Kurtz was associated with Arvest, stock transactions executed in the customer’s account were unsuitable and the customer’s account was churned.
Kurtz is referenced in another customer initiated investment related arbitration claim which was resolved for $1,110,000.00 in damages founded on allegations including negligence; failure to supervise; misrepresentation relating to options and equities transactions; breach of contract; breach of fiduciary duty; and churning of the customer’s account during the period in which Kurtz was employed by Raymond James Financial Services.
Also, a customer initiated investment related arbitration claim concerning Kurtz’s activities was settled for $25,000.00 in damages based upon accusations that during the time that Kurtz was associated with Raymond James, fiduciary duties failed to be complied with; contractual obligations to the customer had been violated; unfounded statements were made about investments; and bad options trades were effected by the stockbroker which caused the customer’s losses.
FINRA Public Disclosure confirms that Kurtz has been barred from associating with any FINRA member in any capacity supported by allegations of the stockbroker obstructing a FINRA investigation into accusations of him taking part in unapproved outside business activities, engaging in private securities transactions, and violating his fiduciary duties. Letter of Acceptance Waiver and Consent No. 2018059423701 (Dec. 3, 2018).
According to the AWC, Kurtz was instructed by FINRA to furnish information and any documents he possessed relating to the allegations of his misconduct made by his securities broker dealer employer, Henley Company. Allegedly, FINRA sought to determine if Kurtz engaged in transactions that were violative of the securities broker dealer’s policies as well as Securities and Exchange Commission (SEC) rules and FINRA rules. Counsel for Kurtz indicated to FINRA that the stockbroker would not cooperate in the investigation. FINRA determined that Kurtz’s conduct was violative of FINRA Rules 2010 and 8210.
Kurtz was discharged from Henley Company LLC on July 30, 2018 founded on the securities broker dealer’s accusations that SEC and FINRA rules were violated as a result of Kurtz selling away, engaging in outside business activities, and violating a fiduciary obligation.
