Kimberly Ann Mallas (also known as Kimberly Ann Kaufman), of Draper, Utah, a stockbroker formerly registered with Transitional Broker LLC, has been discharged by the securities broker dealer on January 18, 2024, based upon alleged unauthorized transactions in annuities. According to Transitional Broker LLC, Mallas violated Financial Industry Regulatory Authority (FINRA) rules by submitting annuity documents to an insurance carrier without getting approval from the Transitional Broker’s compliance division.
FINRA Public Disclosure additionally reveals that on June 14, 2023, a customer filed an investment related complaint involving Mallas’ conduct in which the customer requested $14,817.34 in damages based upon alleged unsuitable recommendations and omissions of material fact in connection with the sale of variable annuities when Mallas was associated with Transitional Broker LLC.
Mallas was associated with Lone Peak Advisers in Draper, Utah from April 13, 2023, to January 19, 2024, and with Transitional Broker LLC in Draper, Utah from June 22, 2020, to January 19, 2024.
Mallas has been associated with Vanderbilt Securities LLC in Sandy, Utah since February 2, 2024, as a stockbroker. She has been associated with Consolidated Portfolio Review Corp in Sandy, Utah since February 21, 2024, as an investment advisor representative.
