Daniel K. Kittner of Queen Creek, Arizona Fined and Suspended by FINRA

FINRA issued an AWC in which Daniel K. Kittner (CRD #4377296, Queen Creek, Arizona) was assessed a deferred fine of $7,500 and suspended from association with any FINRA member in all capacities for 60 days.

“Without admitting or denying the findings, Kittner consented to the sanctions and to the entry of findings that he exercised discretion in the accounts of two customers, a married couple, without written authorization from the customers and without acceptance of the accounts as discretionary by his member firm. The findings stated that Kittner effected approximately 700 trades in six separate accounts belonging to the customers without contacting them prior to each trade to confirm the details of the trade. In addition, the firm’s WSPs did not permit registered representatives to use discretion. The findings also stated that Kittner inaccurately failed to mark the orders as discretionary, thereby causing the firm to make and preserve inaccurate order tickets. The suspension was in effect from October 15, 2018, through December 13, 2018.” (FINRA Case #2017056550601)

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Financial Industry Regulatory Authority, Inc. (FINRA) is an independent, non-governmental regulator who oversees the people and firms that sell stocks, bonds, mutual funds and other securities to the public in the United States. They are authorized by Congress to protect investors. They do this by making sure the securities industry operates fairly and honestly with the public.

If you have invested with Daniel K. Kittner and believe you or your investment interests have been harmed, call Arizona Securities and Investment Fraud attorney Anthony Bingham at 480.832.1922. You may have a limited window to file your complaint, so we encourage you to contact Bingham Law today.