Kimberly Kitts

Kimberly Pine Kitts (CRD #2768200) is a previously registered broker and investment advisor, last employed with Royal Alliance Associates Inc., (CRD #23131) from 2004 through 2017. In the industry since 1993, she was previously employed with ING Financial Partners, Inc. (CRD #2882) in Des Moines, IA, and Forum Fund Services, LLC (CRD #46106) in Portland, ME, among others.

Kitts was discharged from Royal Alliance on 11/15/2017 when the firm received a letter from the attorney of one of her clients. This letter alleged “conversion or misappropriation of funds” on Kitts’ part.

On 12/8/2017, FINRA requested information from Kitts regarding her termination from Royal Alliance. She failed to respond to the request, and was suspended for three months. When she failed to request her suspension to be ended, FINRA permanently barred Kitts, effective 03/12/2018. Kitts is not allowed to have any association with any FINRA member in any capacity.

Kimberly Kitts (CRD# 2768200) has been with Royal Alliance Associates in Palmer, Massachusetts since 2004. In a regulatory action from 2017, FINRA found that Kitts failed to respond to a FINRA request for information. Kitts also failed to request termination of her earlier suspension within the allotted time. As a result, FINRA permanently barred Kitts from being associated with any FINRA member firm. Kitts was also discharged from Royal Alliance Associates in 2017. The firm terminated Kitts after receiving correspondence from her client’s attorney alleging that Kitts converted or misappropriated the client’s funds.

Kitts has also been the subject of several customer disputes. In one dispute pending from 2017, the Claimant also alleges that Kitts converted or misappropriated the Claimant’s funds. In addition to this claim, Kitts has three other complaints against her that eventually were closed or dismissed. These complaints included allegations such as unsuitability and non-compliance with client requests.

FINRA requires that its members refrain from engaging in fraudulent or deceptive practices with their clients. FINRA also requires its members to only charge their clients a reasonable fee for services.

Articles Tagged with Kimberly Kitts

FINRA Permanently Bars Kimberly Pine Kitts After Allegations

Silver Law Group is Investigating Kimberly Kitts of Royal Alliance Associates