Keith Moore, CEO of Boustead Securities LLC and Sutter Securities, Inc., is facing multiple FINRA investigations into serious supervisory failures. Investors have already raised concerns about losses tied to Moore’s oversight of IPOs and trading practices, and regulators now allege that he ignored red flags, failed to implement compliance systems, and allowed conflicts of interest to persist. For investors, these cases highlight how leadership failures at the top of a brokerage firm can translate into real financial harm.
If you or someone you know has suffered significant investment losses working with Keith Moore of Boustead Securities or another brokerage firm, don’t hesitate to reach out to Meyer Wilson Werning today. Our attorneys are experienced in securities fraud cases and will help to guide you through the process with a free consultation to determine whether your losses are the result of actionable misconduct.

2025 FINRA Investigations into Keith Moore’s Supervision
In 2025, Keith Moore (CRD #: 5191450) became the subject of two major FINRA preliminary determinations:
- August 18, 2025: Allegations that Moore failed to reasonably supervise trading in the accounts of a senior customer and ignored red flags of excessive and unsuitable trading.
- July 17, 2025: Allegations that Moore, as CEO of Boustead and Sutter, failed to supervise IPO-related businesses, and failed to implement proper Customer Identification Programs (CIPs) and Anti-Money Laundering (AML) surveillance programs.
These supervisory failures are not abstract regulatory missteps—they have real implications for investors who relied on Moore’s leadership and his firms’ compliance systems to protect their accounts.
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Keith Moore’s Background and Customer Complaints
Keith Moore is currently registered with Boustead Securities LLC in Irvine, California, and has been the subject of securities industry abuse investigations. He was previously tied to firms with a history of regulatory problems and investor complaints.
One of the most notable issues linked to Moore is a customer complaint regarding unreasonable underwriter compensation in the ATIF Holdings IPO. While that complaint was denied by Boustead Securities, it highlights broader concerns about Moore’s oversight of underwriting practices and the potential for conflicts of interest in IPO transactions.
Supervisory Failures Under Moore’s Leadership
The FINRA cases against Moore focus heavily on his supervisory responsibilities as CEO. These allegations point to systemic compliance failures that may have exposed investors to unnecessary risks.
Examples of Supervisory Issues
- Excessive Trading Oversight: Failing to detect unsuitable trading activity in senior customer accounts, even when red flags were present.
- IPO Business Supervision: Inadequate oversight of Boustead and Sutter’s IPO-related practices, including concerns about underwriting compensation and potential conflicts.
- AML and CIP Failures: As both CEO and AML Compliance Officer, Moore allegedly failed to establish adequate programs to monitor suspicious activity, leaving firms exposed to regulatory and investor harm.
For investors, these failures mean their accounts may not have been adequately protected against misconduct, unsuitable trades, or inappropriate product sales.
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How Supervisory Failures Harm Investors
When CEOs and compliance officers fail to enforce supervisory rules, the consequences often ripple down to clients:
- Unsuitable recommendations may go unchecked, leaving investors with speculative or inappropriate holdings.
- Conflicts of interest in IPOs can distort whether an investment was sold for client benefit or firm profit.
- Weak AML and CIP programs increase the risk of improper activity in client accounts without detection.
The Moore cases show how lapses at the top of a firm can directly undermine investor protections.
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Legal Options for Affected Investors
Investors who experienced losses tied to Keith Moore’s supervisory failures at Boustead or Sutter may have legal avenues for recovery, including:
- Negligence: Where firms failed to supervise advisors or trading activity.
- Breach of fiduciary duty: If firms put their own interests ahead of their clients.
- Regulatory violations: If firms ignored Reg BI obligations or AML requirements.
Most brokerage firms require disputes to go through arbitration, a process that allows investors to present claims before a neutral arbitrator. In cases involving systemic supervisory issues, records of compliance failures can strengthen investor claims.
How Meyer Wilson Werning Helps Investors
The investigations into Keith Moore illustrate how leadership failures at the CEO level can leave thousands of investors exposed to risk. At Meyer Wilson Werning, we represent clients who suffered losses due to inadequate supervision, IPO conflicts, and misconduct that should have been prevented by strong compliance programs. If you invested through Boustead Securities, Sutter Securities, or other firms connected to Moore and experienced losses, contact us today so we can help you pursue recovery and hold responsible parties accountable.
Frequently Asked Questions

Who is Keith Moore and what firms is he connected to?
Keith Moore is the CEO of Boustead Securities LLC and Sutter Securities, Inc. He has been accused of supervisory failures tied to IPO oversight, trading practices, and compliance systems.
What FINRA investigations are targeting Keith Moore in 2025?
In 2025, FINRA opened two cases against Moore involving failures to supervise IPO activities, excessive trading, and AML compliance. These investigations highlight systemic problems with oversight under his leadership.
How did Keith Moore allegedly fail to supervise investor accounts?
Regulators allege that Moore ignored red flags of unsuitable trading and failed to stop excessive activity in senior customer accounts. Such lapses can leave investors exposed to unnecessary risks and losses.
What risks do investors face from supervisory failures at Boustead and Sutter?
Weak oversight can lead to unsuitable recommendations, conflicts of interest in IPOs, and inadequate protection against misconduct. For investors, this often translates into real financial harm.
What legal options are available for investors harmed under Keith Moore’s supervision?
Investors may pursue arbitration claims for negligence, breach of fiduciary duty, or regulatory violations. Arbitration provides a structured way to seek compensation from firms like Boustead or Sutter.
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