Investor Alert > Broker Marc Rogers is the Subject of Unsuitable Recommendations Allegations
Posted Jul 25, 2019
by Alan Rosca

Broker Marc Rogers is the Subject of Unsuitable Recommendations Allegations

Broker Marc Rogers

Broker Marc Rogers Allegedly Recommended the Unsuitable Purchase of a Whole Life Policy, Puerto Rico Bonds & Two-Variable Annuities

Broker Marc Francis Rogers, a.k.a. Buck Rogers, allegedly recommended the unsuitable purchase of a whole life policy, Puerto Rico bonds, and two variable annuities, according to Pending Customer Dispute under review by investor rights attorney Alan Rosca.

Said customer also alleges that said life insurance policy was guaranteed to generate adequate returns to cover premium costs after 10 years, that the Puerto Rico bonds purchased were unsuitable, and that the annuities purchased were misrepresented and unsuitable, FINRA states.

The aforementioned dispute was filed on April 1, 2019, FINRA states, and a damage amount has not been requested, FINRA notes.

Investor rights attorney Alan Rosca, of the Rosca Scarlato LLClaw firm, is investigating activity related to broker Marc Rogers’ alleged unsuitable purchase of a whole life policy. Investors who believe they may have lost money in activity related to Marc Rogers’ alleged unsuitable purchase of a whole life policy are encouraged to contact attorney Alan Rosca with any useful information or for a free, no obligation discussion about their options.

Concerned about investments with 

Broker

Broker Marc Rogers Allegedly Named in a $4 M Compensatory Damages Arbitration 

Marc Rogers was reportedly named in an arbitration in which the customer was awarded over $4 m in compensatory damages and $500k in punitive damages, according to an Award/Judgment featured on Rogers’ BrokerCheck Report.

Said Customer Dispute was filed on May 5, 2016, FINRA notes.

Broker Marc Rogers has been registered with Wells Fargo Clearing Services, LLC in East Palo Alto, CA since July 6, 2010, FINRA states. Rogers has also been registered with the following firms:

  • RBC Capital Markets Corporation, San Jose, CA— August 16, 2004, to July 8, 2010
  • Morgan Stanley DW Inc., Purchase, NY— July 25, 1998, to August 20, 2004

Finally, it is important to note that, as of the date of this article, there has not been a finding of liability as to the complaints or allegations mentioned in this article, unless otherwise indicated. Any reader should also read the original sources hyperlinked in this blog for accuracy, including any BrokerCheck report and/or record of any disciplinary or regulatory action. Those sources are incorporated by reference into the text of this blog, and are the governing materials in case of any inconsistencies or typos in this blog.

Concerned about investments with 

Broker

Securities Lawyer Investigating

The Rosca Scarlato LLC law firm represents investors who lose money as a result of investment-related fraud or misconduct and are currently investigating broker Marc Rogers’ alleged unsuitable purchase of a whole life policy. The firm takes most cases of this type on a contingency fee basis and advance the case costs, and only gets paid for their fees and costs out of money recovered for clients. Attorney Alan Rosca, a securities lawyer and adjunct professor of securities regulation, and has represented thousands of victimized investors across the country and around the world in cases ranging from arbitrations to class actions.

Investors who believe they lost money as a result of broker Marc Rogers’ alleged unsuitable purchase of a whole life policy may contact attorney Alan Rosca for a free no-obligation evaluation of their recovery options, at 888-998-0530, via email at arosca@rscounsel.law, or through the contact form on this webpage.

Contact us. All evaluations are free

DISCLAIMER

In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow matters about which we report, and/or to publish subsequent updates regarding various developments that may occur in such matters. Readers are encouraged to conduct their own research regarding any such matters and any developments that may or may not have occurred in such matters. Also, the Brokercheck report linked to some of our blogs is the up-to-date version as of the date of accessing by the reader. The information in our blogs is current as of the date of the drafting of the blog, and given that sometimes certain past complaints may no longer be listed in newer Brokercheck reports, some of the events referenced in some of our blogs may later on be removed from newer Brokercheck reports. Visitors may check the most recent version of each brokercheck report at www.finra.org, and may contact FINRA for the earlier version of the Brokercheck report upon which various blogs may be based.

If you believe you lost money as a result of investment-related fraud or misconduct, please contact our law firm for a free, no-obligation evaluation of your recovery options.

Contact us at 888‑998‑0530 or through the contact form on this page.
No recovery, no fees.*

How to contact us?

We can also do a Zoom call to discuss your matter.