December 30, 2016 Comments (0) Current Investigations, Securities Fraud

Rodger Burskey Barred from Securities Industry

Aldo Comuzzi
(Last Updated On: February 17, 2017)

Concerned about investment losses with Rodger Burskey?

Have you suffered losses investing with Rodger Burskey? If so, The White Law Group may be able to help you recover your losses through FINRA arbitration.

According to FINRA, Rodger Burskey (CRD # 1193951, Commerce Township, MI) has been permanently barred from the securities industry.

According to a FINRA announcement, in November 2015, FINRA staff commenced an investigation to determine whether Rodger Burskey had made unsuitable recommendations or engaged in discretionary trading. On October 25,2016, FINRA staff sent a request to Burskey for on-the-record testimony .The request required that Burskey appear in Chicago and provide sworn testimony on November 10,2016. Burskey acknowledges that he received FINRA’s request and will not appear for on-the-record testimony at any time. Consequently, FINRA announced that he has been barred from the securities industry without admitting or denying the findings.

For FINRA’s full findings see FINRA case # 2015047973401.

According to FINRA Broker Check, Burskey was registered with Voya Financial Advisors in Commerce Township, MI from 11/2/2006 – 11/20/2015. He appears to have been discharged at that time for allegations that he “engaged in trading that violated the Firm’s policies prohibiting excessive and unauthorized discretionary trading.” His FINRA Broker Check also indicates that he has four disclosures listed on his Broker Check, including three customer complaints alleging excessive and discretionary trading and unauthorized trading.

Recovery of Investment Losses

Brokers have a fiduciary duty to make investment recommendations that are consistent with the clients net worth, investment experience and objectives. Risk tolerance, age, and liquidity needs also need to be considered. Furthermore, brokers are prohibited from engaging in underhanded businesses practice, like churning, that violate securities laws and regulations.

When brokers abuse client accounts and conduct transactions that violate securities laws, the brokerage firm they are working with may be liable for investment losses. Brokerage firms that fail to monitor the business activities of their employees may be liable for investment losses due to negligent supervision for the misconduct of their employees.

If you suffered losses investing with Rodger Burskey and would like a free consultation to discuss your litigation options, please call The White Law Group at 1-888-637-5510.

The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida. For more information on the firm please visit www.whitesecuritieslaw.com.