Erez Law is currently investigating St. Louis Financial Planners Inc. broker Thomas Kieffer (CRD# 269086) regarding investment losses due to managed individual stock portfolios. Kieffer has been registered with Ceros Financial Services, Inc. in Chesterfield, Missouri since 2010 and with St. Louis Financial Planners Inc. in Chesterfield, Maryland since 1997.
Kieffer has been the subject of three customer complaints between 2017 and 2020, according to his CRD report:
- July 2020. “Customer filed a deficiency notice 7/2/2020 claiming breach of duties by Thomas Kieffer.” The customer is seeking $135,000 in damages and the case is currently pending. The complaint was regarding a managed individual stock portfolio and took place while Kieffer was registered with St. Louis Financial Planners Inc.
- June 2020. “Customer filed a deficiency notice 4/29/2020 claiming breach of duties and negligent actions by Thomas Kieffer.” The customer is seeking $1 million in damages and the case is currently pending. The complaint was regarding a managed individual stock portfolio and took place while Kieffer was registered with St. Louis Financial Planners Inc.
- May 2017. “Customer filed a deficiency notice claiming breach of duty and unsuitable investments by Thomas Kieffer.” The customer sought $89,000 in damages and the case was settled for
$45,000. The complaint was regarding a managed individual stock portfolio and took place while Kieffer was registered with St. Louis Financial Planners Inc.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, St. Louis Financial Planners Inc. may be liable for investment or other losses suffered by Kieffer’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If and have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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