DID KIFFIN SCOTT ANDERSON CAUSE YOU INVESTMENT LOSSES?
About Kiffin Anderson formerly with Brokers International Financial Services, LLC?
Kiffin Anderson (CRD #4668159) was registered with Brokers International Financial Services, LLC from March 2022 to May 2024, LPL Financial LLC from August 2020 to February 2022, Cetera Advisors LLC from November 2008 to September 2020, and Transamerica Financial Advisors, Inc. from June 2003 to November 2008. He is not currently registered as a securities broker. Anderson has no principal/supervisory exams passed and holds no current professional designations. Notably, his employment has been terminated from LPL Financial LLC.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Kiffin Anderson Customer Complaints and Reviews
Kiffin Anderson has two disclosure events:
Regulatory Event: On July 7, 2023, FINRA initiated regulatory action against Anderson. He was sanctioned for falsifying customer signatures on account transfer forms. Despite customer permission, Anderson’s firm policies prohibited such actions. He also falsely attested in a compliance questionnaire regarding these signatures. This resulted in a $5,000 fine and a one-month suspension starting from September 5, 2023, to October 4, 2023.
Customer Dispute received March 5, 2024: There is one pending customer complaint, alleging that Anderson ignored client requests not to invest in annuities. The complaint also states he failed to disclose surrender fees and contract expenses, impacting on the clients’ ability to access funds. The estimated surrender charges exceed $5,000. The dispute remains unresolved as of March 28, 2024.
Allegations Against Kiffin Anderson
- Regulatory Action: Anderson faced allegations of falsifying customer signatures on ten account transfer forms involving six customers. He re-used signature pages with customer consent, which violated firm policies. The outcome led to a one-month suspension and a $5,000 fine. Anderson consented to the findings without admitting or denying them.
- Customer Dispute: The pending dispute alleges that Anderson invested clients’ funds into variable annuities without their consent, failed to disclose key contract fees, and affected their ability to access funds. The customers seek termination of annuity contracts without incurring surrender charges.
Kiffin Anderson Red Flags & Your Rights As An Investor
Of course, Kiffin Anderson did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Kiffin Anderson at Brokers International Financial Services, LLC on alert to review carefully the activity and performance of their accounts and question whether Kiffin Anderson has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Brokers International Financial Services, LLC, also raises questions about the brokerage firm’s supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At Brokers International Financial Services, LLC Due To Kiffin Anderson
If you have questions about Brokers International Financial Services, LLC and/or Kiffin Anderson and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.
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