Kyle Wittgren Discloses Allegations Of Misrepresentation

Soreide Law Group is investigating possible investor claims against securities broker Kyle Zachary Wittgren (CRD: 6221630, Frisco, Texas). Evidently, Minnesota sanctioned the securities broker, who worked for NYLife Securities LLC. Allegedly, Wittgren made misrepresentations and falsified client information. Here is a brief summary of Minnesota’s allegations against Wittgren.

Minnesota Bars Wittgren For Misrepresentation

Particularly, on January 28, 2022, a Minnesota regulator issued Consent Order No. 684532GAM sanctioning Kyle Wittgren for infractions. Specifically, Wittgren was barred as a broker in the state. Evidently, Minnesota alleged that Wittgren made misrepresentations on applications for annuity policies and falsified client information. As a result, the securities broker reportedly violated Minnesota statutes.

Kyle Wittgren Barred By FINRA For Failure To Testify

Also, on December 27, 2021, FINRA issued Acceptance, Waiver, and Consent No. 2021071290001 sanctioning Kyle Wittgren for infractions. Specifically, Wittgren was barred, prohibited work for any FINRA-member firm in any role. Notably, the financial industry watchdog alleged that Wittgren failed to testify during an investigation.

Evidently, without accepting or denying the conclusions, Wittgren agreed to the penalty and acknowledgment that he declined to provide testimony to FINRA. Supposedly, FINRA's investigation started after it received a Form U5 submitted by NYLife Securities LLC.

Notably, the Form U5 revealed the firm's decision to allow Wittgren's resignation following his admission of signing clients' names without their knowledge or consent. Supposedly, he submitted unfunded variable annuity rollover applications and altered the email addresses of three clients, all of which were in violation of company policy.

Wittgren Employment Information

• Wittgren worked for NYLife Securities LLC in Frisco, Texas, as a securities broker from April 26, 2016, to April 29, 2021.

Damages Resulting From NYLife Securities LLC Securities Broker Wittgren?

Did you suffer damages by investing with Kyle Wittgren? If so, contact Soreide Law Group at (888) 760-6552 and speak with a securities attorney about a possible recovery of your losses. Soreide Law Group, who has successfully recovered money for hundreds of investors throughout the United States, represents clients on a contingency fee basis and advances all costs. Wittgren and brokerage firms Wittgren worked for deny any and all allegations of sales practice violations.