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.
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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.
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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.