INVESTORS: Former Securities America broker Kimberly Elizabeth Nuessmann was suspended by FINRA following allegations she impersonated a dead client.
Kimberly Elizabeth Nuessmann (CRD: 1596560) was registered as a broker with Securities America from 2011 until 2022.
Nuessmann has two disclosures on her BrokerCheck report. One disclosure related to a personal criminal charge.
December 2022 Regulatory Judgment
Initiated By: FINRA
Allegations: Without admitting or denying the findings, Nuessmann consented to the sanctions and to the entry of findings that she impersonated a customer who was her deceased relative in a telephone call with her member firm. The findings stated that Nuessmann submitted a distribution request to the firm to transfer the proceeds of her deceased relative’s individual retirement account (IRA) to an account controlled by two of her other relatives. The firm did not know the customer was deceased. Several days later, a firm employee called the customer to verify the distribution request. Nuessmann answered, impersonated the deceased customer and verified the request. The employee discovered that the customer was reported deceased and called the registered representative for the customer’s account for further verification. Nuessmann, who worked with the registered representative, spoke with the employee and indicated that the customer was not deceased. Ultimately, the firm determined that the customer was deceased and canceled the distribution.
Resolution: Acceptance, Waiver & Consent (AWC)
Sanctions: Civil and Administrative Penalty(ies)/Fine(s)
Registration Capacities Affected: All Capacities
Duration: 30 days
Start Date: 1/3/2023
End Date: 2/1/2023
The Sonn Law Group is currently investigating allegations surrounding Kimberly Elizabeth Nuessmann. We represent investors in claims against negligent brokers and brokerage firms. If you or your loved one experienced investment losses, we are here to help. For a free consultation, please call us now at 866-827-3202 or complete our contact form.