According to a FINRA disciplinary action announcement, Kevin Francis Hamilton (CRD #1089468, Wycombe, Pennsylvania) recently submitted a Letter of Acceptance, Waiver and Consent in which he was barred from association with any FINRA member in any capacity.
Without admitting or denying the findings, Hamilton consented to the sanction and to the entry of findings that he converted or misused approximately $522,000 of funds he received from investors in a limited partnership he controlled and marketed as an investment fund. The findings stated that Hamilton used some of this money for personal use, to pay expenses, and to redeem partnership units of individuals who had previously invested in his limited partnership. The findings also stated that Hamilton made fraudulent misrepresentations and omissions of material facts to, at minimum, the investors in his limited partnership in connection with the sale of its securities. As a result of his conduct, Hamilton willfully violated Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder, and FINRA Rules 2010 and 2020.
For the full findings, see FINRA Case #2013038645001.
According to his FINRA Broker Report, Hamilton was registered with Philadelphia Brokerage Corporation from January 1998 through April 2014.
The foregoing information, which is all publicly available on FINRA’s website, is being provided by The White Law Group.
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