William Kimberlin, formerly of MetLife Securities, Suspended Eighteen Months from Securities Industry
Have you lost money with William Kimberlin of Dallas, Texas? We are investigating allegations made by FINRA, the Financial Industry Regulatory Authority, against William Roy Kimberlin. FINRA suspended him from the securities industry for eighteen months and fined him $15,000. Their investigation was to determine whether he borrowed money from customers and failed to disclose such to his brokerage firm, MetLife Securities. Kimberlin was alleged to have borrowed $30,000 from investors with the representation that he was going to invest the money in real estate. However, he instead used the money to pay off personal credit cards.
William Kimberlin was a financial advisor and registered representative of MetLife Securities from 1992 to March 2016. He worked at a branch office in Dallas, Texas. Kimberlin was terminated by MetLife Securities for this conduct.
Brokerage firms like MetLife Securities have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado and the Seattle area. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in Texas and throughout the Dallas area. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including MetLife Securities.
Click to view: Kimberlin, William FINRA AWC
Click to view: Kimberlin, William BrokerCheck 9.1.17
If you lost money with William Kimberlin or MetLife Securities, please CONTACT US at 720-599-3505 for a free evaluation of your case.
Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency. Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency. All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact. This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice. Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis. In contingent representation, clients may still be liable for costs.