Securities Arbitration Lawyers BlogJohn Hurry May Face FINRA Charges, Sanctions Following Allegations
Allegations include sales of millions of unregistered stock shares
John Hurry, a broker investment adviser who has been in the securities industry for 20 years, is pending disciplinary review by FINRA following allegations of his involvement with the illicit sale of more than 74 million unregistered shares through Arizona-based firm Scottsdale Capital Advisors.
In May, FINRA filed a complaint against the firm, Hurry and two of the firm’s higher-ups in regards to allegations that the individuals and the firm violated FINRA rules by selling 74 million unregistered shares of three separate stocks, resulting in proceeds of more than $1.7 million for the customer and $170,000 in commissions for the firm, according to FINRA.