Thomas Kieffer Allegedly Breaches His Fiduciary Duty

The law firm of Oakes & Fosher is currently investigating the alleged misconduct of securities broker Thomas Kieffer. According to his publicly available FINRA BrokerCheck report, Thomas Kieffer has been the subject of multiple customer disputes over the course of his career.

Thomas Kieffer is a Missouri-based securities broker who has worked in the securities industry for forty-eight years. During his career, he has been registered with nine different securities firms.

His Registrations 

• Mony Sales (1971-1977)


• The Mutual Life Insurance Company of New York (1971-1977)


• FSC Securities Corporation (1978-1980)


• First Affiliated Securities (1980-1988)


• Spelman & Co. (1988-2002)


• Louis Financial Planners Asset Management (1997-2005/2005-Present)


• Girard Securities (2002-2009)


• Ceros Financial (2010-Present)

The Allegations 

• In May 2017, a customer alleged that Thomas Kieffer had breached his fiduciary duty by making unsuitable investment recommendations. This case was settled for $45,000 in damages.


• In June 2020, a customer alleged that Kieffer had breached his fiduciary duty and acted negligently. This case is currently pending, and the customer is seeking $1,000,000 in damages.

What Does This Mean?

A relationship between an investor and a broker is based on trust, and the foundation of this trust is the knowledge that brokers are bound by their duty as a fiduciary to always act in their customers’ best financial interests.  Brokers such as Thomas Kieffer, who breach their fiduciary duty, erode that trust, and with that erosion a secure financial relationship between the two is no longer tenable.

Oakes & Fosher Can Help

Many investors are unaware of the legal recourse available to them after losing money due to securities broker fraud and/or negligence. The truth is that investors who have lost money due to this fraud or negligence may actually be entitled to damages.

Oakes & Fosher dedicates its entire legal practice to helping investors across the nation. If you, or someone you know, have lost money investing with Thomas Kieffer, please contact Oakes & Fosher for a free and private consultation. Oakes & Fosher handles cases on a contingency basis, which means there are no fees charged unless we collect for you.