Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Danielle Freeman (Freeman), previously associated with Northwestern Mutual Investment Services, LLC, has at least one disclosable event. These events include one tax lien, alleging that Freeman recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a final customer complaint on January 31, 2025.
Without admitting or denying the findings, Freeman consented to the sanctions and to the entry of findings that she improperly removed and retained customers’ nonpublic personal information without the customers’ consent and in contravention of her member firm’s policies. The findings stated that days after being informed that the firm was terminating her association, Freeman transferred copies of thousands of files from its systems to her personal cloud storage site. The files, which included account applications and investor profiles, contained nonpublic personal information regarding customers, including Social Security and tax identification numbers, state driver’s license and state identification numbers, and financial account numbers. After Freeman transferred copies of the files to her personal cloud storage site, she shared access to the nonpublic personal information with a former registered representative of the firm with whom she used to work. Freeman improperly retained the customers’ nonpublic personal information until the firm detected the removal of the information and requested that she delete the files from her personal cloud storage site. Subsequently, Freeman executed an affidavit attesting that she had permanently deleted the files from her site.
