Tiffany Keigley Allegedly Misused Client’s Funds

Tiffany Keigley (CRD #: 4507001), a broker formerly registered with Morgan Stanley, is the subject of a state regulatory action, according to her BrokerCheck record, accessed on August 16, 2025. Read on if you have questions about her alleged conduct as a broker.

Oklahoma Regulatory Action

On July 29, 2025, the Oklahoma Department of Securities alleged that Tiffany Keigley violated Section 660:11-5-42 of the Rules of the Oklahoma Securities Commission and the Administrator of the Department of Securities by using a client’s brokerage account with cash management services to pay her and her family’s personal expenses without that client’s knowledge.

The Department alleged that this misconduct took place in or before July 2017 and continued until October 2024. This regulatory action is currently pending.

Rules of the Oklahoma Securities Commission

Section 660:11-5-42 of the Rules of the Oklahoma Securities Commission and the Administrator of the Department of Securities defines and prohibits broker-dealers and their representatives from engaging in dishonest and unethical practices.

FINRA Rule 2150

FINRA Rule 2150 prohibits the improper use of investors’ funds.

What are Blue Sky Laws?

Blue sky laws are state-level regulations that provide investors with an additional layer of protection against securities fraud by empowering state regulators to investigate allegations of misconduct. These laws may also describe which types of investments must register with the state securities board.

Bar by FINRA

On July 15, 2025, Tiffany Keigley consented to the entry of findings that she allegedly refused to provide documents and information requested in connection with a FINRA investigation.

According to a Letter of Acceptance, Waiver & Consent (AWC), this investigation concerned a Form U5 (Uniform Termination Notice for Securities Industry Registration) filed by Morgan Stanley, which allegedly stated that Tiffany Keigley was fired for executing the distribution of funds from a client’s account for her own benefit.

The AWC concluded that the alleged refusal to provide information constituted violations of FINRA Rules 8210 and 2010. 

FINRA Rule 8210

FINRA Rule 8210 requires members to provide documents, information, and testimony upon request by FINRA.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

Sanctions

Tiffany Kiegley was permanently barred by FINRA on July 15, 2025. You can read a copy of the AWC here.

Investor Dispute

On November 8, 2024, an investor alleged that Tiffany Keigley used their account to make cash transfers for her own benefit and without the client’s permission from 2018-2024. This dispute was settled for $108,440.20.

Termination from Morgan Stanley

On October 21, 2024, Tiffany Kiegley was fired from Morgan Stanley for allegedly using a client’s distributed funds for her own benefit.

Background Information

Tiffany Keigley has passed the following exams:

• Securities Industry Essentials Examination – SIE
• General Securities Representative Examination – Series 7
• Uniform Combined State Law Examination – Series 66

She previously worked for Morgan Stanley (CRD#:149777) and Citigroup Global Markets (CRD#:7059).

Kurta Law Can Help

If you worked with Tiffany Keigley and you 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.