Publicly available records published by the Financial Industry Regulatory Authority (FINRA) on July 6, 2017 indicate that former Illinois-based Redridge Financial broker/adviser Brent Hurt has been sanctioned by FINRA and suspended from acting as a broker. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Hurt (CRD# 1976536).
Brent Hurt has spent 25 years in the securities industry and was most recently registered with Redridge Securities in Chicago, Illinois (1999-2015). Previous registrations include Program Trading Corporation in Boca Raton, Florida; Stein Shore Securities in Orlando, Florida; Emanuel and Company in New York, New York; First Midwest Securities in Bloomington, Illinois; Chatfield Dean & Company in Greenwood Village, Colorado; and the Stuart-James Company in Denver, Colorado. He is currently not registered with any state or firm.
According to his BrokerCheck report, he has received one customer complaint, one pending customer complaint, and was recently sanctioned by FINRA.
In May 2017 FINRA sanctioned him following allegations he “failed to supervise a registered representative of his member firm in connection with the sale of private offerings of securities related to a real estate development project.” FINRA’s findings state further: “as the firm’s CEO and CCO, and the registered representative’s direct supervisor at the firm, Hurt was responsible for ensuring that the firm established, maintained, and enforced a reasonable supervisory system as required by the applicable FINRA rule. Hurt was the only person responsible supervising the registered representative’s solicitation of investors to purchase the offerings, but he did not reasonably review or supervise the registered representative’s activities in this regard. As a result, the registered representative signed Hurt’s name to subscription documents and pre-populated a universal execution date on subscription documents, regardless of when the investors executed those documents… Because Hurt’s supervision did not include a review of the representative’s activities related to the offerings, or a review of investor documents to ensure that they were accurate and complete, that system of supervision was unreasonable.” He was issued a 13-month suspension and a fine of $10,000.
In 2016 a customer alleged Brent Hurt, while employed at RedRidge Securities, breached his fiduciary duty. The customer is seeking $196,840 in damages in the pending complaint.
In 1993 a customer alleged Brent Hurt, while employed at Chatfield Dean & Company, made unsuitable recommendations, breached his fiduciary duty, misrepresented material facts, and failed in his supervisory duties. The complaint resulted in an award to the customer of $17,600.
If you or someone you know has lost money investing with Brent Hurt,, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup your losses. Fitapelli Kurta accepts all cases on a contingency basis: we only get paid if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.