Public records provided by the Financial Industry Regulatory Authority (FINRA) on August 30, 2016 indicate that New Jersey-based Summit Brokerage Services broker Daniel Kiefer has been the subject of resolved or pending customer complaints. The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Kiefer (CRD# 2472070).
Daniel Kiefer has spent 21 years in the securities industry and has been registered with Summit Brokerage Services in Colts Neck, New York since September 2015. Previous registrations include JP Turner & Company in Colts Neck, New Jersey; Grayson Financial, which has since been expelled by FINRA, in Red Bank, New Jersey; MS Farrell & Company in Syosset, New York; Smith Barney in New York, New York; Painewebber in Weehawken, New Jersey; and Euro-Atlantic Securities, which has since been expelled by FINRA, in Boca Raton, Florida. He is a registered broker with 33 US states and territories.
According to his BrokerCheck report, Daniel Kiefer has received two customer complaints and one pending customer complaint.
In 2013 a customer alleged Daniel Kiefer, while employed at JP Turner & Company, made an unsuitable investment recommendation, acted negligently, and breached his fiduciary duty. The complaint settled in 2014 for $700,000.
In 2004 a customer alleged Daniel Kiefer, while employed at Grayson Financial, executed unauthorized trades. The complaint settled in 2007 for $4,500, to which Mr. Kiefer individually contributed $4,500.
In 2003 a customer alleged Daniel Kiefer, while employed at Grayson Financial, engaged in the unsuitable and unauthorized use of margin. The customer is seeking damages exceeding $16,300 in the pending complaint.
In 2003 Daniel Kiefer voluntarily resigned from his position at Grayson Financial following allegations involving “potential violations of investment related statutes, regulations, rules and industry standards of conduct.”
If you have complaints regarding Daniel Kiefer, you may be able to recover lost funds. Call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on contingency: Fitapelli Kurta only gets paid if and when you recover money. You may have a limited window to file your claim, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.