Jerry Kiefer: $99K Complaint Against Equitable Advisor

A recent investor complaint against Edmond, Oklahoma financial advisor Jerry Kiefer (CRD# 2271043) alleges that he made unsuitable investment recommendations. Financial Industry Regulatory Authority records show that he is currently registered as a broker and an investment advisor with Equitable Advisors.

Mr. Kiefer’s BrokerCheck report discloses multiple investor complaints. The most recent, filed in March 2024, alleges that as a representative of Equitable Advisors, he recommended unsuitable alternative investments in real estate products. The pending complaint alleges damages of $99,000.

An earlier investor complaint, filed in January 2024, alleged that he misrepresented investments while a representative of Equitable Advisors. The complaint alleged unspecified damages and was denied by the firm.

A third investor complaint, filed in 2011, alleged that as a representative of AXA Advisors, he misrepresented the terms of an insurance policy. In 2014 the complaint reached a settlement of $165,000.

Equitable Advisors’ website includes a profile of Mr. Kiefer that describes him as a representative of Cornerstone Planning Group. That firm’s website also includes a profile describing his background and experience. “Jerry D. Kiefer began his career in financial services in 1992, after graduating from Oklahoma State University with a degree in Economics,” it states. “He is a qualifying member of the MDRT, qualifying for a place at the Top of the Table. Active in the industry, he is a board member of the Oklahoma City chapter of NAIFA.”

According to the Financial Industry Regulatory Authority, Jerry Kiefer holds 31 years of securities industry experience. Based in Edmond, Oklahoma, he has been a broker and an investment advisor with Equitable Advisors since 2006. His past registrations include Phillips Capital Advisors, TS Phillips Investments, the Wilson Williams Financial Group, Investment Professionals, Market Street Securities, American Express Financial Advisors, and IDS Life Insurance Company. His credentials include the passage of four securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Investment Adviser Law Examination, or Series 65. He is licensed in Arkansas, Colorado, Florida, Illinois, Kansas, Michigan, Missouri, Montana, Oklahoma, Oregon, Pennsylvania, and Texas. (Information current as of May 28, 2024.)

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