Steven Craig Keifner of Ventura, CA, formerly of A.G. Edwards & Sons, Inc.

In April 2009, FINRA initiated a former complaint against Steven Craig Keifner of Ventura, California, for violation of multiple NASD and SEC rules. It is alleged that Keifner, while employed by A.G. Edwards & Sons, Inc of Oxnard, California, executed trades in a customer’s account without the required permissions to do so. The complaint also states that Keifner altered A.G. Edwards & Sons’ records in order to provide false information to the customer.

This is not the first allegation of wrongdoing involving Mr. Keifner. In March 2007, while still employed at A.G. Edwards & Sons, Keifner settled a customer dispute and was ordered to pay $64,000. From March to May of 2006, Keifner allegedly made numerous unsuitable trades to generate higher commissions, with estimated damages of $75,000.

Keifner worked for A.G. Edwards & Sons from September 2000 to April 2007, until Wachovia Securities purchased the firm.  From June 1993 to July 1999, Keifner was a registered representative of Financial Network Investment Corporation in El Segundo, California. As indicated in more detail below, FINRA in April 2009 initiated an investigation of Mr. Keifner.

We are currently investigating Mr. Keifner.  If you or an organization with which you are affiliated have entrusted your money to Mr. Keifner, please call us and/or email us.

FURTHER READING:

In April 2009, FINRA launched an investigation into Steven Craig Keifner’s for violations of NASD and SEC rules. FINRA issued the following report regarding the recent disciplinary actions relating to Mr. Keifner:

Steven Craig Keifner (CRD #2103759, Registered Representative, Ventura, California) was named as a respondent in a FINRA complaint alleging that he executed unauthorized and unsuitable transactions in a customer’s non-discretionary account. The complaint alleges that Keifner caused his member firm’s books and records to contain false and misleading information in that his customer’s new account documents failed to accurately record the customer’s investment objectives, prior investment experience and financial information. The complaint also alleges that Keifner failed to provide information to FINRA and to appear for a FINRA on-the-record interview. (FINRA Case #2007009444701)