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Michael Herman Resigns from Mutual of Omaha Following Alleged Privacy Violations

May 6, 2022 Employment

Michael Herman (CRD #: 1867337), a broker registered with Securities America, voluntarily resigned from his previous firm, according to his BrokerCheck record, accessed on April 28, 2022. Read on if you have questions about Michael Herman’s conduct as a broker.

Resignation from Mutual of Omaha

Michael Herman voluntarily resigned from Mutual of Omaha on January 7, 2022, following allegations he violated the firm’s privacy policy by removing confidential information from a branch office and emailing confidential client information to his personal email account.

Regulation S-P

Regulation S-P is an SEC regulation that restricts firms’ ability to disclose customers’ private information, including restricting firms from disclosing information to unaffiliated third parties without clients’ knowledge.

Background Information

Michael Herman has passed the following exams:

  • Series 65 – Uniform Investment Adviser Law Examination
  • Series 63 – Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 6 – Investment Company Products/Variable Contracts Representative Examination

Michael Herman is a registered broker in 6 states and a registered investment adviser in Colorado and Texas.

He has also worked for Mutual of Omaha Investor Services (CRD#:611).

Kurta Law Can Help

If you worked with Michael Herman 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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