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  • Writer's pictureDennis McCaslin

Legal problems continue to mount for former NWA investment advisor

Problems for Adam Kuettel, the man facing criminal charges in Benton County Circuit Court, keep growing.

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. His fiance, Beth Duesing, was the "victim" in the case but she recently moved with Kuettel to Alabama where the couple is trying to finance a health clinic.

Additionally, the 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 Department Commissioner Eric Munson.

In addition, a sixth civil suit was filed in Benton County against Kuettel on August 13th. Allegations include, negligence, breach of fiduciary duties, fraud, and deceptive trade practices.

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