Invest Advisor – Roger Kroeger – Update on Securities Fraud Investigation
Have you suffered losses investing with Roger Kroeger and INVEST Financial? If so, the securities attorneys at The White Law Group may be able to help you to recover your losses through FINRA Arbitration.
As we told you in January, the Broward Sheriff’s Office in Fort Lauderdale, FL has accused Kroeger, and his sister of embezzlement and money laundering when nearly $300,000 disappeared from a 92-year-old woman’s investment account with INVEST.
Kroeger, 62, is facing charges of elderly exploitation; organized scheme to defraud; money laundering; grand theft and forging checks. He has reportedly filed a written plea of not guilty.
According to his FINRA BrokerCheck report, Kroeger was registered with INVEST Financial in Fort Lauderdale, FL from October 1990 until he was fired in November 2017 for “facilitating a loan to his sister from a senior client, and was subsequently charged with multiple felony offenses in connection with these circumstances.”
Recovery of Investment Losses
The White Law Group is investigating potential securities fraud claims involving the liability that INVEST Financial may have for failure to supervise its former advisor.
Brokerage firms are required to adequately supervise their advisors. They must ensure they are complying with FINRA rules.
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.
The brokerage firms can be held responsible for any losses in a FINRA arbitration claim if it is determined that they failed to properly supervise their agent.
If you suffered losses investing with Roger Kroeger, the attorneys at The White Law Group may be able to help you to recover your losses. For a free consultation, please call (888) 637-5510.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Franklin, Tennessee. For more information, please visit our website, www.whitesecuritieslaw.com.