Roger Wilson Rodas, of Glendale, California, a stockbroker formerly registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated, has been named in a customer initiated investment related written complaint on January 21, 2016, based upon allegations that Rodas made unsuitable investment recommendations to the customer concerning real estate securities and investments offered via a foreign exchange.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Rodas has been identified in three additional customer initiated investment related disputes containing allegations of Rodas’ misconduct while employed with Banc of America Investment Services Inc. and Merrill Lynch.
Particularly, on August 22, 2014, a customer initiated investment related written complaint involving Rodas’ conduct was settled for $8,538,183.83 in damages based upon allegations that Rodas made misrepresentations and omissions regarding investments, forged the customer’s investment account documentation, and misappropriated funds belonging to the customer.
Further, on August 3, 2015, a customer filed an investment related written complaint involving Rodas’ conduct based upon allegations that Rodas omitted facts and made misrepresentations to the customer about tax and estate planning matters.
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