Last Updated:February 2024 (Sugar Land, TX )
Keith Borgfeldt Investigation Summary
Here’s what you need to know about Sugar Land, Texas, stockbroker Keith A. Borgfeldt:
- Name: Mr. Keith Andrew Borgfeldt
- Current Employer: Kestra Investment Services/ Kestra Advisory Services dba Spartan Wealth Management LLC
- Previous Firms: NEXT Financial Group, UBS Financial Services
- Function: Stock Broker/ Financial Advisor
- Aliases: Keith A. Borgfeldt
- Primary Location: Sugar Land, TX
- CRD 2192171
- Can Keith A. Borgfeldt be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Highest Settlement: $100,000
- Has Outstanding Liens: Yes
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Keith Borgfeldt As Your Stockbroker?
In 2008 a customer of UBS Financial was paid $100,000 to resolve allegations that auction rate securities sold to the client by Keith A. Borgfeldt had caused financial damages.
Keith A. Borgfeldt discloses a currently outstanding tax lien of $103,922 filed in Federal Court in Richmond, Texas, in 10/2019.
Allegations of Broker Misconduct Against Keith Borgfeldt
A Customer of Keith A. Borgfeldt has alleged the following wrongdoing in connection with the handling of customer accounts:
- Losses on Auction Rate Securities
Investigations of other Next Financial Group brokers
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.
Recover Your Investment Losses Now With Rex Securities Law
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.
If you have suffered investment losses in an account handled by Keith A. Borgfeldt, contact us for a complimentary consultation with an experience securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors and broker dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
