David Earl Kimbler of Ferndale, Washington, a stockbroker registered with Securities America Inc., was the subject of a customer initiated investment related complaint filed on November 14, 2022, in which the customer requested compensation based upon allegations that Kimbler withdrew customer funds without authorization and engaged in unauthorized trading during the time that Kimbler was associated with Securities America Inc.
Financial Industry Regulatory Authority (FINRA) Public Disclosure shows that Kimbler is referenced in three other customer initiated investment related disputes concerning Kimbler’s conduct while associated with securities broker dealers, including Pruco Securities LLC. On May 23, 2002, a customer filed an investment related complaint involving Kimbler’s conduct in which the customer requested $30,488.88 in damages based upon allegations that Kimbler made misrepresentations and omissions of material fact in connection with the recommendation and sale of investments. This complaint was denied by his employer as meritless.
On August 29, 2003, another customer filed an investment related complaint involving Kimbler’s conduct in which the customer requested $14,832.73 in damages based upon allegations that Kimbler made omissions of material fact in connection with the recommendation and sale of variable life insurance policies.
Kimbler was also referenced in a customer initiated investment related complaint that was settled on September 20, 2004, for $33,893.00 in damages resulting from a brokerage account that was established in the customer’s name contrary to the customer’s instructions of rolling 401(k) funds into an individual retirement account.
Kimbler’s registration with Securities America Inc. was terminated on August 15, 2022. Kimbler has been registered with LPL Financial LLC since August 10, 2022.
