Kiffin Anderson Facing FINRA Suspension
Kiffin Anderson (CRD #: 4668159), a broker registered with Brokers International Financial Services, is the subject of a FINRA suspension. This disclosure appears on his BrokerCheck record, accessed on September 28, 2023. Details concerning the suspension are provided below.
On July 7, 2023, Kiffin Anderson entered into an Acceptance, Waiver, and Consent agreement (AWC) in which he consented to the findings that he falsified customer signatures on account transfer forms. The findings alleged that Kiffin Anderson re-used, without permission, customer signature pages on ten account transfer authorization forms on behalf of six customers, two of whom were seniors. His brokerage firm prohibited re-using client signatures to execute transactions, regardless of the customer’s knowledge or consent.
Further, Kiffin Anderson allegedly falsely attested in a compliance questionnaire that he had not signed or affixed another person’s signature on a document.
As part of the terms of the AWC, Kiffin Anderson consented to a one-month suspension and a $5,000 fine. You can read a copy of the AWC here.
FINRA 4511
FINRA Rule 4511 requires firms to keep accurate and up-to-date books and records. Re-using customer signatures may violate this rule.
FINRA Rule 2010
FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Violations of FINRA Rule 4511 also violate this rule.
Background Information
Kiffin Anderson has passed the following exams:
- Series 66 Uniform Combined State Law Examination
- Series 63 Uniform Securities Agent State Law Examination
- SIE – Securities Industry Essentials Examination
- Series 7 General Securities Representative Examination
- Series 6 Investment Company Products/ Variable Contracts Representative Examination
He is a registered broker in five states and is a registered investment adviser in Nebraska and Texas.
During his 20 years of experience, Kiffin Anderson has registered with the following firms:
- Brokers International Financial Services (CRD #: 139627)
- Brokers Financial (CRD #: 139627)
- LPL Financial (CRD #: 6413)
- Cetera Advisors (CRD #: 10299)
- TransAmerica Financial Advisors (CRD #: 3600)
Kurta Law Can Help
If you worked with Kiffin Anderson and have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.
For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.
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