Nichole Adams Involved in a Million-Dollar Trustee Dispute 

Nichole Adams (CRD #: 4907232), a broker registered with UBS Financial Services, is facing allegations that she disbursed money to an unauthorized individual, leading to a loss of $1.75 million. This is according to her BrokerCheck record, accessed on July 20, 2023. Concerned investors should keep reading. 

On May 26, 2023, successor trustees alleged that Nichole Adams, a member of their financial advisor team, failed to follow the instructions of a deceased client and disbursed assets to an unauthorized individual. The trustee further alleged that they were assured everything was in order regarding the disbursement. The investor sought $1.75 million but the dispute was denied by the firm. 

Investors should know, however, that firms can deny disputes without any external review. Following a denial, investors may still be able to recover their funds via FINRA arbitration. 

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Failure to follow instructions may violate this rule.

Background Information 

Nichole Adams 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 

She is a registered broker in eight states and is a registered investment adviser in California and Tennessee. 

Besides UBS, Nichole Adams has worked with the following firms: 

• World Equity Group (CRD #:29087) 
• CitiGroup Global Markets (CRD #: 7059) 
• CitiGroup Investment Services (CRD #: 23988) 

Kurta Law Can Help

If you worked with Nichole Adams 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.