San Jose Advisor Kim Carson: Fraud Complaint

A recent investor complaint against Principal Securities financial advisor Kim Carson (CRD# 5576304) alleges that she committed fraud and other forms of misconduct. Financial Industry Regulatory Authority records show that she is a broker and an investment advisor based in San Jose, California.

Ms. Carson’s BrokerCheck report discloses one investor complaint. Filed in February 2022, it alleges that as a representative of SCF Securities, she committed fraud, made negligent misrepresentations of material information, breached her fiduciary duty, and converted funds. The complaint alleges more specifically that she “deposited the escrow funds from the sale of the plaintiff’s house into an account controlled by the registered representative.” Then, the complaint alleges, she sold the customer an investment in which the customer gave a loan of $250,000 to Ms. Carson’s husband, allegedly intended to be “secured by a deed of trust.” The pending complaint alleges damages of $250,000.

According to the Financial Industry Regulatory Authority, Kim Carson holds 13 years of securities industry experience. Based in San Jose, California, she has been a broker and an investment advisor with Principal Securities since 2020. Her past registrations include SCF Securities (Campbell, California; 2018-2020), Ameriprise Financial Services (Campbell, California; 2011-2018), and Waddell & Reed (Campbell, California; 2008-2011). Her credentials include the passage of five securities industry qualifying exams: the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Investment Adviser Law Examination, or Series 65. She is licensed in California, Colorado, Florida, Montana, Nevada, New Mexico, South Dakota, Tennessee, and Texas. (Information current as of September 3, 2022.)

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