WARNING! Impending Investigation – KIMBERLY KITTS of Orleans, MA
Kimberly Kitts, formerly with Royal Alliance Associates, Subject of SEC Complaint
Have you lost money with financial advisor Kimberly Kitts of Orleans, Massachusetts? We are investigating allegations made by the Securities and Exchange Commission (SEC) against Kimberly Pine Kitts. The SEC alleged that Kitts, who has an office in Cape Cod, stole over $3 million from customers by forging withdrawal forms and check requests. The SEC further alleges that the scheme affected seven victims, and that Kitts used the money for personal expenses.
Kimberly Kitts was a financial advisor and registered representative of Royal Alliance Associates from 2004 to November 2017. She worked at offices in West Chatham and Orleans, Massachusetts. Kitts was also previously suspended by FINRA for failing to respond to an investigation.
Brokerage firms like Royal Alliance Associates have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Seattle, Washington; and Ann Arbor, Michigan. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in Massachusetts. Our attorneys have represented over one thousand investors against many brokerage firms in the past.
Click to view: Kitts, Kimberly SEC Complaint
Click to view: Kitts, Kimberly BrokerCheck 7.20.18
If you lost money with Kimberly Kitts or Royal Alliance Associates, please CONTACT US at 720-599-3505 for a free evaluation of your case.
Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency. Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency. All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact. This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice. Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis. In contingent representation, clients may still be liable for costs.
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