Melissa Niederhauser

Date:

April 21, 2020

Type of alert:

FINRA AWC  

The Financial Industry Regulatory Authority (FINRA) Department of Enforcement recently approved a Letter of Acceptance, Waiver and Consent (AWC) submitted by Melissa A. Niederhauser to resolve allegations of converting funds from two customers at her associated firm, Horace Mann Investors in Springfield, Illinois. Niederhauser ceased working for the firm on August 29, 2019 and is not currently associated with another FINRA member firm at this time.

According to the AWC, Niederhauser was licensed to sell insurance and acted as an office manager and administrative assistant at Horace Mann. Niederhauser performed numerous duties for the firm including responding to customer service inquiries, accepting checks from customers and facilitating completion of various brokerage accounts and securities forms. Though she was not and is not licensed as a broker, FINRA considers Niederhauser an Associated Person.

FINRA Department of Enforcement alleges in the AWC that from January 2016 to August 2017, Niederhauser converted nearly $74,000 through 20 transactions in two Horace Mann customers’ variable annuity accounts without their knowledge or authorization. Niederhauser allegedly forged their signatures on withdrawal request forms, specified the address to which the check should be mailed to, forged the customers’ endorsement signature, and then cashed the withdrawal checks to use for personal expenses. For these infractions, Melissa Niederhauser consented to a bar from associating with any FINRA member firm in any capacity.

Take the next steps to find out if you have a claim:

Step 1.

Talk to an Experienced Attorney Today

Call and speak to one of our attorneys* for a no-cost consultation to discuss your situation, answer your questions, and help you determine the next steps. This call usually takes about 15 minutes, but we are happy to talk to you as long as you would like!

Step 2.

Quick Review of Your Paperwork

If we think you might have a case, we will need to review a few basic documents. If we determine you have a case, then you will have the option to hire us as your attorneys to pursue it.

Step 3.

Signed Attorney/Client Agreement

If you decide to hire us to pursue your case, we will have you sign an attorney-client agreement so we can begin the process of trying to recover your losses.*

*In the vast majority of cases, our agreement is contingent – meaning you won’t owe us any money unless we recover money for you.


Request a Consultation

This site contains attorney advertising. The attorneys at ChapmanAlbin are licensed to practice law in Ohio and Michigan. Any reference to past cases or successes made herein should not be construed as a guarantee of any future outcome. Each client and each client’s case is unique, and no result or outcome is or can ever be guaranteed. The information provided in this website is offered for general information purposes only; it is not offered as and does not constitute legal advice in any way. // Disclaimer