FINRA Bars Invest Financial Corporation Broker Roger Kroeger
Roger Kroeger (CRD: 1526864) is a prior stockbroker of Invest Financial Corporation located in Fort Lauderdale, Florida who Financial Industry Regulatory Authority (“FINRA”) has barred in all capacities pursuant to Letter of Acceptance, Waiver and Consent No. 2017056614402 dated September 5, 2018. According to FINRA Department of Enforcement, Kroeger failed to appear for testimony during a FINRA investigation into his activities.
The Letter of Acceptance, Waiver and Consent (“AWC”) stated that Kroeger was under a FINRA investigation on August 7, 2018, subsequent to Kroeger’s November 17, 2017 termination from Invest Financial Corporation. FINRA BrokerCheck states that Invest Financial Corporation discharged Kroeger because he admitted to being charged with multiple felonies relating to a loan that he facilitated between an Invest Financial Corporation customer and Kroeger’s sister.
On November 17, 2017, Kroeger also disclosed that he is subject of pending criminal charges including: exploitation of the elderly; fraud; grand theft; and money laundering. FINRA may have been investigating Kroeger based on his November 2017 disclosures.
The AWC indicated that FINRA sought for Kroeger to testify pursuant to Rule 8210, which provides FINRA adjudicators and staff with permission to review the accounts, records, and books of individuals including Kroeger who are associated with a FINRA firm. FINRA stated that Kroeger’s legal counsel contacted FINRA to inform them that Kroeger would never testify based on the request made by FINRA. As a result of Kroeger’s obstruction of the investigation, the AWC stated that Kroeger violated FINRA Rules 8210 and 2010.
Kroeger’s violation of FINRA Rule 2010 came as a result of Kroeger’s failure to testify. Rule 2010 requires that the individuals including Kroeger conduct business according to “high standards of commercial honor and just and equitable principles of trade.”
FINRA BrokerCheck also discloses that on December 12, 2017, a customer dispute was filed concerning Kroeger’s activities involving the customer while Kroeger was registered representative of Invest Financial Corporation. The complaint alleged that Kroeger misappropriated the customer’s funds. $190,000.00 in damages were demanded by the customer as a result. The complaint was settled on April 23, 2018, for $206,084.00 in damages.
Kroeger was registered with Invest Financial Corporation between October 24, 1990 and December 5, 2017.
Gregory Tendrich, P.A. is focused on recovering losses for investors who are victim to elderly abuse and exploitation, misappropriation of funds and sales practice violations committed by registered representatives and their firms. If you have lost money by investing with registered representatives including Roger Kroeger, contact Gregory Tendrich today at (561) 417-8777 for a review of your case and discussion of your legal options.