According to FINRA, Kyle Joshua Charters of Chatham, New Jersey was assessed a deferred fine of $10,000 and suspended from association with any FINRA member in all capacities for six months for participating in a private securities transaction without required notice or approval.

Charters participated in the sale of a limited partnership interest without notifying or receiving written approval from his member firm. The offering was sponsored by a private equity firm that Charters was hoping to join.

The purchaser was an institutional investor who was not Charters' customer at his firm, and the sale was outside the regular scope of his employment. Charters' participation included attending meetings with the investor about the limited partnership interest and editing marketing materials for the fund.

The transaction resulted in the investor committing approximately 1.4 percent of its assets in exchange for the limited partnership interest.

FINRA rules require registered persons to provide written notice before participating in private securities transactions and to receive prior approval if they will receive compensation. These requirements exist because private securities activities conducted outside firm supervision create risks—firms cannot evaluate the appropriateness of the activity or supervise the representative's conduct.

The fact that Charters was hoping to join the private equity firm sponsoring the offering raises additional concerns about his motivations. He may have been trying to demonstrate his value to a prospective employer rather than acting solely in the investor's interest.

The suspension is in effect from May 19 through November 18, 2025.

For investors, always verify that any investment offered to you has been properly approved by the representative's firm.