Yes, that Harrington has been charged

Investigators for the Financial Industry Regulatory Authority (better known as FINRA) have charged Michael Patrick Harrington of San Diego's Harrington Capital Management and a Bridgehampton, New York, brokerage with taking $20,000 without authorization from a customer, using the money to pay his own business expenses, then concealing his activities from his firm and from FINRA investigators.

Harrington "created false documents to submit to FINRA to conceal his misconduct," says the authority, the private sector securities regulator.

He also sold more than 300,000 shares of restricted stock that he had received as compensation from a small company and "actively attempted to conceal" the sales, says the regulatory authority. "During a firm audit of his business, Harrington submitted falsified records to his firm," says FINRA.  When the authority's investigators began probing these matters, Harrington submitted an altered bank statement to FINRA "as if it were an authentic, non-altered document," says the authority.

Harrington was discharged from his firm, National Securities Corporation, late last year. FINRA officially charged him with the misconduct in June of this year. He says he will defend himself against the accusations.

Harrington has run afoul of the regulatory authority before. For example, in 2012 he did not report a personal bankruptcy on his brokerage forms and was suspended for 30 days. He has appeared on Fox and CNBC TV and once was a commentator locally on KUSI-TV.