Former Broker Faces Felony Charges for Theft from Small Town and Fire Dept.

  • Former broker Gary Alan Kieper accused of stealing over $300,000 from a small town and fire department in Wisconsin
  • Kieper served as treasurer of the town and oversaw funds for the Langlade County Rural Fire Control
  • Thrivent Investment Management disclosed embezzlement charges related to Kieper’s misconduct while associated with the company
  • Kieper ignored requests for on-the-record testimony, leading to an indefinite ban from the industry
  • Langlade County Sheriff’s Office began investigating Kieper in November 2023 after receiving a complaint
  • Kieper faces nine felony charges, including two counts of theft over $100,000 in a business setting

A former broker, Gary Alan Kieper, has been banned by Finra after allegedly stealing over $300,000 from a small town in Wisconsin and its fire department. He had served as treasurer of the town and oversaw funds for Langlade County Rural Fire Control. Thrivent Investment Management disclosed embezzlement charges related to his misconduct while associated with the company. Kieper ignored requests for on-the-record testimony, leading to an indefinite ban from the industry. He faces nine felony charges, including two counts of theft over $100,000 in a business setting.

Factuality Level: 8
Factuality Justification: The article provides accurate and objective information about the case involving Gary Alan Kieper, including details about his actions as a broker and treasurer, the investigation by Finra, and the charges against him. It also includes statements from Thrivent Investment Management and the Langlade County Sheriff’s Office. However, it lacks personal perspective or sensationalism.
Noise Level: 3
Noise Justification: The article provides relevant information about the accused individual’s actions and the consequences he faces from his industry, as well as details about the investigation and legal proceedings. However, it lacks in-depth analysis or exploration of broader implications or lessons learned from this case.
Public Companies: Thrivent Investment Management (null)
Key People: Gary Alan Kieper (Former Broker), Justin Herndon (Spokesman for Thrivent Investment Management)

Financial Relevance: Yes
Financial Markets Impacted: Thrivent Investment Management
Financial Rating Justification: The article discusses the embezzlement case involving a former broker, Gary Alan Kieper, and its impact on Thrivent Investment Management as his employer. The financial markets are not directly affected but the company’s reputation may be impacted due to the employee’s misconduct.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no extreme event mentioned in the article.

Reported publicly: www.barrons.com