Kimberly Nuessmann Suspended by FINRA Following Alleged Client Impersonation
Kimberly Nuessmann (CRD #: 1596560), a broker formerly registered with Securities America, allegedly impersonated a deceased client, according to her BrokerCheck record, accessed on January 17, 2023. If you want to know more about her alleged conduct as a broker, read on.
FINRA Suspension
On December 21, 2022, Kimberly Nuessmann consented to the entry of findings that she allegedly impersonated a deceased client in a telephone call with her firm, Securities America.
According to a Letter of Acceptance, Waiver & Consent (AWC), Kimberly Nuessmann allegedly submitted a distribution request to Securities America in December 2021 to transfer the proceeds of a deceased relative’s IRA to an account controlled by two other relatives.
A Securities America employee allegedly called the deceased client’s phone number to verify the distribution request. Kimberly Nuessmann allegedly answered this call, impersonating the client, and confirmed the request.
The same firm employee allegedly discovered that the client had been reported deceased and contacted the broker associated with the client’s account. The AWC alleges that Kimberly Nuessmann represented to this employee that the client was alive. Securities America allegedly ultimately determined that the client was, in fact, deceased, and canceled the distribution.
The AWC concluded that these allegations constituted violations of FINRA Rule 2010.
FINRA Rule 2010
FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.
Sanctions
Kimberly Nuessmann consented to the following sanctions:
- $5,000 fine
- 30 calendar-day suspension
Her suspension began on January 3, 2023, and will end on February 1, 2023.
You can read the full AWC here.
Background Information
Kimberly Nuessmann has passed the following exams:
- SIE – Securities Industry Essentials Examination
- Series 6 – Investment Company Products/Variable Contracts Representative Examination
She previously worked for Securities America (CRD#:10205).
Kurta Law Can Help
If you worked with Kimberly Nuessmann 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 and 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.
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