Public records published by the Financial Industry Regulatory Authority (FINRA) and accessed on December 23, 2017 indicate that Iowa-based Northwestern Mutual Investment Services broker Daniel Wilson has been sanctioned by FINRA and suspended from acting as a broker. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Wilson (CRD# 1033853).
Daniel Wilson has spent 35 years in the securities industry and has been registered with Northwestern Mutual Investment Services in Cedar Rapids, Iowa since 1092. He was previously registered with Robert W. Baird & Company in Milwaukee, Iowa (1988-1990; 1991); 1997-2002). He has passed two securities industry examinations: Series 63 (Uniform Securities Agent State Law Examination), which he obtained on November 30, 1998, and Series 6 (Investment Company Products/Variable Contracts Representative Examination), which he obtained on April 13, 1982. He is a registered broker with six US states: Florida, Georgia, Iowa, Missouri, New York, and Pennsylvania.
According to his BrokerCheck report, he has received one customer complaint and one FINRA sanction.
In November 2017 FINRA sanctioned him following allegation she “accepted instructions from a customer’s husband to liquidate mutual fund positions in the customer’s accounts in order to fund withdrawals totaling approximately $193,000” without first getting authorization from the customer in question. FINRA’s findings report that he “mistakenly assumed” the client’s husband possessed the authority to direct liquidations and withdrawals on behalf of the client, who has since been reimbursed. Mr. Wilson was issued a 30-day suspension from association with any FINRA member in all capacities and was fined $7,500.
In October 2017 a customer alleged Daniel Wilson, while employed at Northwestern Mutual Investment Services, failed to verify if certain withdrawals were authorized, negligently empowered unlawful activity, negligently misappropriated funds, and converted funds. The complaint settled in 2015 for $411,000.
If you or someone you know has lost money investing with Daniel Wilson, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup your losses. Fitapelli Kurta accepts all cases on a contingency basis: we only get paid if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.