Legal issues snowballing for former NWA investment adviser
In our continuing coverage of Adam Kuettel, we thought it important to report that Kuettel's problems have now multiplied.
Not only has the Arkansas Securities Department suspended the registration of Kuettel as an investment adviser representative, the ASD also suspended the company he founded, Kuettel Capital LLC of Bentonville.
The suspension is a result of allegations that include securities fraud and unsuitable recommendations.
The ASD has investigated Kuettel and his company and discovered “many irregularities in the operation of” Kuettel Capital, according to an 11-page order filed June 22 by the Arkansas Securities Commissioner Eric Munson.
It gets worse for Kuettel. The order filed by Munson also accuses Kuettel of forging his clients’ signatures on account forms to make the trades.
Let's not forget that Kuettel is also facing criminal charges in Benton County Circuit Court.
On June 12, the 36-year-old was charged with felony aggravated assault on a family or household member stemming from an alleged incident on March 30, according to the criminal information sheet.
Kuettell pleaded not guilty.
According to sources, Kuettel was in Alabama between April 3 and May 20 in an in-patient rehabilitation program for a substance abuse disorder.
He and his fiance, Beth Duensing AKA Lauren Shipman, are now in Florida, according to our source there, living on the prestigious Ono Island seeking the assistance of a bank to finance the opening of a pediatric rheumatology practice on Perdido Key.