David Kreiter Subject to State Regulatory Actions

David Kreiter (CRD #: 2552964), a broker registered with Northwestern Mutual Investment, has been the subject of two state regulatory actions, according to his BrokerCheck record, accessed on November 13, 2024. Keep reading if you want to know more about his alleged conduct as a broker.

Kansas Regulatory Action

On October 9, 2024, the Kansas Department of Insurance alleged that David Kreiter failed to disclose a 2020 administrative action by the New York Department of Financial Services on his August 2024 application for an insurance producer license in Kansas.

David Kreiter was ordered to pay a $300 penalty.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

New York Regulatory Action

On December 23, 2020, the New York Department of Financial Services alleged that David Kreiter admitted to providing materially incorrect and untrue information on his 2017 application for a New York non-resident agent’s license and again on his renewal application in 2018.

The Department alleged that David Kreiter failed to disclose a misdemeanor conviction from 1989.

David Kreiter entered a Stipulation and Consent agreement and was fined $1,500.

Background Information

David Kreiter has passed the following exams:

• Series 66 – Uniform Combined State Law Examination
• Series 63 – Uniform Securities Agent State Law Examination
• SIE – Securities Industry Essentials Examination
• Series 7 – General Securities Representative Examination
• Series 6 – Investment Company Products/Variable Contracts Representative Examination
• Series 10 – General Securities Sales Supervisor – General Module Examination
• Series 9 – General Securities Sales Supervisor – Options Module Examination
• Series 8 – General Securities Sales Supervisor Examination (Options Module & General Module)

David Kreiter is a registered broker in 29 states and a registered investment adviser in Iowa.

He has also worked for Robert W. Baird & Company (CRD#:8158).

Kurta Law Can Help

If you worked with David Kreiter and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.