DID ANTHONY J SEIFERT CAUSE YOU INVESTMENT LOSSES?
Anthony Seifert was fired from Kestra Investment Services, LLC on January 31, 2025, following a FINRA regulatory action.
Who is Anthony Seifert formerly with Kestra Investment Services, LLC?
Anthony Seifert (CRD #6514406) who was formerly registered as a broker with Kestra Investment Services, LLC and located in Mount Pleasant, South Carolina, is a subject of one of our many securities industry sales practice abuse investigations.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Anthony Seifert Employment History and Termination
Anthony J. Seifert has a decade of experience in the financial industry and has worked for three firms as a registered broker: Kestra Investment Services, LLC (2022-2025); Merrill Lynch, Pierce, Fenner & Smith Inc. (2016-2022); and Sterne Agee Financial Services, Inc. (2015-2016)
He has passed two general industry/product exams and one multi-state securities law exam but has not completed any principal or supervisory exams. Mr. Seifert is not currently registered with a brokerage firm.
He was terminated by Kestra Investment Services on January 31, 2025, due to a FINRA Acceptance, Waiver, and Consent (AWC) settlement, which resulted in a 20-day suspension and a $5,000 fine for unauthorized discretionary trading.
Prior to Kestra, Mr. Seifert was terminated by Merrill Lynch on March 23, 2022, for allegedly exercising time and price discretion in non-discretionary accounts and using a personal device for business purposes.
Negative Disclosures Summary
Four disclosures were noted:
- Employment Termination #1
- Kestra Investment Services, LLC – January 31, 2025
- Reason: Terminated following FINRA regulatory action for unauthorized discretionary trading.
- Employment Termination #2
- Merrill Lynch, Pierce, Fenner & Smith Inc. – March 23, 2022
- Reason: Terminated for exercising discretion in non-discretionary accounts and using a personal device for business.
- Product Involved: Options.
- Regulatory Action (Finalized January 23, 2025)
- Initiated By: FINRA
- Allegation: Exercised discretion in customer accounts without written authorization and without firm approval.
- Sanctions:
- Suspended for 20 business days (Feb 18, 2025 – March 17, 2025)
- Fined $5,000
- Resolution: Acceptance, Waiver, and Consent (AWC) agreement.
- Customer Dispute (Settled on March 2, 2022)
- Filed Against Seifert at Merrill Lynch, Pierce, Fenner & Smith Inc.
- Complaint: Unauthorized trading and unsuitable investment recommendations (March 2021 – February 2022).
- Settlement: $366,617.85
- Seifert’s Contribution: $0.00 (settled by the firm).
Allegations and Accusations
- Employment Terminations:
- Kestra Investment Services, LLC (2025): Fired after FINRA disciplinary action.
- Merrill Lynch (2022): Fired for exercising discretion in non-discretionary accounts and using a personal device for business purposes.
- Regulatory Action: FINRA suspended Seifert for 20 business days and fined him $5,000 for exercising discretion in customer accounts without written authorization.
- Customer Dispute: A settled claim of $366,617.85 at Merrill Lynch related to unauthorized trading and unsuitable investment recommendations.
Anthony Seifert Red Flags & Your Rights As An Investor
Regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint was filed, the termination of Anthony Seifert is a red flag which should put all current and former customers of Anthony Seifert at Kestra Investment Services, LLC on alert to review carefully the activity and performance of their accounts and question whether Anthony Seifert engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Kestra Investment 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 Kestra Investment Services, LLC Due To Anthony Seifert
If you have questions about Kestra Investment Services, LLC and/or Anthony Seifert 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.
Rate this Post
Loading...