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David Nieset Allegedly Failed to Disclose an Early Withdrawal Schedule

David Nieset (CRD #: 1621370), a broker registered with LPL Financial, is the subject of an investor dispute. This disclosure appears in his BrokerCheck record, accessed on August 24, 2023. Keep reading if you have questions about his conduct as a broker. 

On June 9, 2023, an investor alleged that David Nieset failed to disclose an early withdrawal schedule. This alleged misconduct took place from June 14, 2022, to June 7, 2023. 

FINRA Rule 2020

FINRA Rule 2020 prohibits the use of manipulation, deception, and other fraudulent methods to influence investors’ decisions. This includes the misrepresentation or omission of material information, such as an investment’s early withdrawal schedule, risks, or limitations. 

FINRA Rule 2010

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

Background Information 

David Nieset has passed the following exams: 

  • Series 63 Uniform Securities Agent State Law Examination 
  • SIE – Securities Industry Essentials Examination 
  • Series 6 Investment Company Products / Variable Contracts Representative Examination 

He is a registered broker in seven states and is a registered investment adviser in Indiana. 

David Nieset has registered with the following firms: 

  • LPL Financial (CRD #: 6413) 
  • Avantax Advisory Services (CRD #: 104556) 
  • Avantax Investment Services (CRD #: 13686) 
  • Chubb Securities Corporation (CRD #: 3870) 
  • Pruco Securities Corporation (CRD #: 5685) 
  • Andover Securities (CRD #: 16903) 
  • Investment Brokers of America (CRD #: 14607) 
  • First American National Securities (CRD #: 10111) 

Kurta Law Can Help

If you worked with David Nieset 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. The firm only earns a fee if our securities attorneys recover money on your behalf.

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