Thomas Kieffer (CRD#: 269086), a registered representative with Ceros Financial Services, Inc. (CRD#: 37869) in Chesterfield, Missouri, is currently involved in a customer dispute in which a client is seeking $1 million in damages, according to Thomas Kieffer’s BrokerCheck record accessed on June 16, 2020. What happened to lead to this $1 million complaint against Thomas Kieffer? Read on to learn more.
On June 1, 2020, Thomas Kieffer became involved in a customer complaint in which a client filed a deficiency notice against him, alleging that he breached his duties and engaged in negligence. The client is seeking $1 million in damages.
This recent dispute is not the only disclosure listed on Thomas Kieffer’s BrokerCheck record. On April 12, 2017, a customer filed a deficiency notice, alleging that Thomas Kieffer breached his fiduciary duty and recommended unsuitable investments. What does it mean to recommend unsuitable investments? As part of their duties, brokers are required to only recommend investment products that are “suitable” for a given client based on the client’s age, risk tolerance, need for liquidity, time horizon, and other factors. In this case, the client alleged that Thomas Kieffer failed to do that. As a result, they sought $89,000 in damages; the matter later settled.
Thomas Kieffer has passed the Series 63 – Uniform Securities Agent State Law Examination, the SIE – Securities Industry Essentials Examination, and the Series 1 – Registered Representative Examination. He is licensed to sell securities in California, Florida, Illinois, and Missouri.
Thomas Kieffer is a 48-year veteran of the securities industry. Over his nearly five decades in the securities industry, he has worked for six brokerage firms. In addition to his current role with Ceros Financial Services, Inc. (CRD#: 37869) in Chesterfield, Missouri, he has also worked for the following firms:
- Girard Securities, Inc. (CRD#: 18697)
- Spelman & Co., Inc. (CRD#: 10232)
- First Affiliated Securities, Inc. (CRD#: 6871)
- FSC Securities Corporation (CRD#: 7461)
- Mony Sales, Inc. (CRD#: 4386)
- The Mutual Life Insurance Company of New York (CRD#: 2873)
If Thomas Kieffer was your broker and you have questions about your investments, don’t hesitate to contact the securities attorneys of Fitapelli Kurta to learn about your options for investment recovery. Call (877) 238-4175 or email firstname.lastname@example.org for your free case consultation with a securities attorney.