Andrew Keefer Investigation
Updated April 2024
Orlando, FL
According to publicly available records Andrew J. Keefer , a broker with Independent Financial Partners/IFP Securities, discloses a $500,000 customer dispute.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
In 6/2022, FINRA case #22-01309, was filed by a IFP customer, alleged that investments were not suitable given the customer profile, in light of these speculative, non-conventional investments. Accordingly, the customer asserted these recommendations amounted to negligence and a breach of fiduciary duty. In 11/2023 the case was settled for $140,000.
How to recover losses on GWG Bonds-UPDATE
Firms Have a Duty to Supervise their Financial Advisors (FINRA Rules 3110 & 2090) Brokers and their firms have a duty to comply with the FINRA suitability rule which requires that they have a reasonable basis to believe that a recommendation is suitable for the customer. FINRA Rule 2111- suitability
Keefer has been employed by IFP Securities/Independent Financial Partners since 10/2009. Before that time he was with LPL Financial.
If you have losses in an account that was handled by Andrew Keefer, contact us for a no charge consultation to learn how you may be entitled to recover damages through FINRA arbitration.
See this for more information on REITs and Other Alternative Investments
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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