Jonathan Kurta is a founding partner of Fitapelli Kurta where he focuses on securities arbitration as well as litigation. Mr. Kurta has extensive experience arbitrating customer claims involving broker-dealers before the Financial Industry Regulatory Authority (FINRA), where he has handled hundreds of cases throughout the United States, including cases involving stocks, bonds, options, mutual funds, private placements, real estate investment trusts (REITS), structured products, annuities, life insurance policies, and exchange-traded funds (ETFs). Prior to founding Fitapelli Kurta, Mr. Kurta represented large and medium sized brokerage firms throughout the country. This experience gives Mr. Kurta a unique background that is extremely beneficial to investors.
Mr. Kurta has been consistently ranked by SuperLawyers, by Thompson Reuters, a distinction that is awarded to only 2.5% of attorneys nationwide. He is also ranked AV Preeminent®, which is the highest of the three peer rating standards of Martindale-Hubbell. Mr. Kurta received his Juris Doctor from Hofstra University School of Law where he served as an Editor of the Labor and Employment Law Journal. He also graduated from New York University, where he earned his B.A. in both political science and psychology. Mr. Kurta is admitted to practice law in New York, New Jersey and Illinois and handles securities arbitration cases before FINRA nationwide.
Mr. Kurta is also a member of numerous professional organizations, including the New York City Bar Association and the Public Investors Arbitration Bar Association (PIABA).Media Mentions
“Same Annuity, Same Broker, Same Arbitrator = Another Client Victor” AdvisorHub, April 21, 2017
“Fitapelli Kurta Report: ‘Top’ Financial Advisors have the Worst Records” Nasdaq Global Newswire, July 14, 2016
“Fitapelli Kurta Files Arbitration Claim Involving Merrill Lynch Advisor Jacquin Fink” Nasdaq Global Newswire, April 29, 2016
“Broker Pal of Bow Wow Gets Bitten by CFP Board” Financial Planning, April 18, 2016
“Ex-advisor Racks up $16M in Client Complaints” On Wall Street, March 11, 2015
“After 8 Years, Morgan Stanley Claws Back $380K From Ex-Employee” On Wall Street, March 26, 2015
“How to Win at Mediation” Wall Street Journal, March 9, 2015
“Broker Ordered to Pay More than $1 Million in Churning Case” Wall Street Journal, October 13, 2014
“Ex-Sterne Agee Broker Faces Expulsion over $6 Million Hedge Fund” Investment News, July 11, 2014
“Fitapelli Kurta Files 14 Customer Arbitration Cases Involving Failed Real Estate Investments: Urges Securities and Exchange Commission to Reform Rule” Nasdaq Global Newswire, July 31, 2014
Won a $1 million FINRA arbitration award on behalf of a New Mexico resident who alleged that his account was churned by his brokerage firm. The award also included interest and attorneys’ fees under the New Mexico Securities Act. A copy of the award can be accessed here.
Successful in negotiating settlements of over $5 million on behalf of groups of investors in syndicated tenant-in-common investments. The investors were situated in various parts of the country and the cases involved multiple brokerage firms.
Won a FINRA arbitration award for over $523,000 on behalf of a Tampa, Florida based trust. The case involved the purchase of a non-traded real estate investment. A copy of the award can be accessed here.
Secured a $3 million settlement for a group of California clients. The case involved the unsuitable holding of “daily” ETFs for periods of longer than one day.
Won a FINRA arbitration award for $1,073,440 in Salt Lake City, Utah. The case involved the misrepresentation of a variable annuity and the award included $536,720 in punitive damages. A copy of the award can be accessed here.
Won a FINRA arbitration award for $130,000 in Denver, Colorado. The case involved the misrepresentation of a variable annuity. A copy of the award can be accessed here.
Negotiated a seven-figure settlement on behalf of a Denver, Colorado family that was invested in speculative and illiquid real estate securities.
Won a FINRA arbitration on behalf of a Philadelphia, Pennsylvania small business owner who alleged churning in his brokerage account. A copy of the award can be accessed here.
Successfully negotiated settlements on behalf of clients in Hawaii, California and Texas whose financial advisors made unauthorized purchased of municipal bonds issued by Puerto Rico.
Won over $97,000 on behalf of a New Jersey resident who alleged account losses as a result of unsuitable investment recommendations. A copy of the award can be accessed here.
Negotiated a settlement of over $500,000 on behalf of a New York client based on allegations of selling away, overconcentration and unsuitability.
Settled FINRA arbitration claim for $475,000 on behalf of a group of investors related to private placements in start-up venture capital companies. The clients alleged that the brokerage firm misrepresented the investments and failed to conduct even basic due diligence on the companies before recommending the investments to clients.
Successful in negotiating a six-figure FINRA settlement on behalf of a North Carolina family. The case involved allegations that the brokerage firm failed to conduct due diligence on the private investments that were sold to the family over a ten-year time period.
Secured large FINRA settlement for an elderly client from Washington in an arbitration seeking over $2.5 million in damages against national broker-dealer for allegations of front-running, churning, fraud, cross- trading with other customer accounts and failure to supervise in connection with the sale of multiple penny stocks.
Successfully negotiated a settlement on behalf of a 93 year old widow from Indiana against a national broker-dealer in connection with unsuitable investments. The case involved the over concentration of her portfolio in highly speculative securities.
Negotiated a six-figure settlement on behalf of elderly Delaware residents. The case involved mutual fund switching and excessive “mark-ups” of securities.
Obtained a six-figure settlement on behalf of an elderly client from Alaska. The case involved microcap stocks.
Secured settlements for European clients whose securities accounts were churned by a New York based broker-dealer.