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Cape Cod Financial Adviser Stole $3.3M From Clients: SEC

Law360, Boston (July 19, 2018, 10:28 PM EDT) -- A former investment adviser from Cape Cod, Massachusetts, stole more than $3.3 million from her clients through a variety of schemes, including forging withdrawal requests, forging wire and check requests and tricking a client into withdrawing money from a retirement account, the U.S. Securities and Exchange Commission said Thursday.

Kimberly Pine Kitts, 51, worked for a dually registered broker-dealer and investment adviser firm from 2004 until she was fired in November 2017. Beginning in 2011, the SEC said the Orleans, Massachusetts, resident started stealing from clients...
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Case Information

Case Title

Securities and Exchange Commission v. Kitts


Case Number

1:18-cv-11507

Court

Massachusetts

Nature of Suit

850(Securities/Commodities)

Date Filed

July 19, 2018

Government Agencies

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