Public records published by the Financial Industry Regulatory Authority (FINRA) and accessed on June 16, 2018 indicate that former Indiana-based Ameriprise Financial Services broker/adviser Nicholas Hoetmer was recently sanctioned by FINRA in connection to alleged rule violations and suspended from acting as a broker. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Hoetmer (CRD# 1134122).
Nicholas Hoetmer has spent 31 years in the securities industry and was most recently registered with Ameriprise Financial Services in Indianapolis, Indiana (2016-2018). Previous registrations include JP Morgan Securities in Indianapolis, Indiana (2012-2016); Chase Investment Services in Indianapolis, Indiana (2005-2012); Banc One Securities Corporation in Chicago, Illinois (1999-2005); First Chicago NBD Investment Services in Chicago, Illinois (1996-1999); Essex National Securities in Napa, California (1993-1996); Kirkpatrick Pettis Smith Pollan in Omaha, Nebraska (1991-1992); Network 1 Financial Securities in Red Bank, New Jersey (1989); Amerimutual Corporation (1989); Ariel Securities (1988-1989); Integrated Resources Equity Corporation (1987-1988); Lowry Financial Services Corporation (1987); McLaughlin Piven Vogel (1985-1987); and Blinder Robinson & Company (1983-1985). He has passed four securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on January 27, 1999; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on March 14, 1984; Series 7 (General Securities Representative Examination), which he obtained on May 21, 1983; and Series 24 (General Securities Principal Examination), which he obtained on December 5, 1988. He is currently not registered with any state or firm.
According to his BrokerCheck report, he has received one customer complaint and one regulatory sanction, and he was discharged from his former employer in connection to alleged rule violations.
In May 2018 FINRA sanctioned him following allegations he willfully failed to amend, or to timely amend, his Form U4 to report “a Chapter 7 bankruptcy petition, a federal tax lien and a civil judgment” and that he submitted a compliance certification to his employer that “falsely stated he had not been the subject of any judgments” in the previous year. He was issued a nine-month suspension and a fine of $7,500.
In 2016 he was terminated from his position at JP Morgan Securities following allegations he failed to disclose a reportable event on his Form U4 which was non-client or sales practice-related.
In 2008 a customer alleged Nicholas Hoetmer, while employed at Chase Investment Services Corporation, recommended an unsuitable investment and misrepresented material facts related to an investment in auction rate securities. The complaint settled with the firm’s repurchase of the securities at par value, for $325,000.
If you have lost money investing with Nicholas Hoetmer, you may be able to recover your losses. Call Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on a contingency basis: Fitapelli Kurta only gets paid if and when you collect funds. 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.