Christopher G. Rogers of Englewood, Colorado, a stockbroker registered with Emerson Equity LLC is the subject of a customer initiated, investment related FINRA securties arbitration claim seeking $500,000 in damages resulting from the recommendation and sale of certain “real estate” related investments of a company that later declared bankruptcy. FINRA Arbitration No. 25-01880 (December 19, 2025).
According to FINRA Public Disclosure, less than one month earlier, on November 21, 2025, Rogers was the subject of a customer initiated, investment related FINRA securties arbitration claim seeking $500,000 in damages resulting from the recommendation and sale of certain “real estate” related investments. corporate bonds” of a company that later declared bankruptcy. FINRA Arbitration No. 25-01880 (December 19, 2025). According to the Complaint, Rogers is alleged to have acted negligently, misrepresented and omitted material facts, breached his fiduciary duty, and violated Arizona securities law, federal securities law, and the SEC’s Regulation Best Interest.
Regulation Best Interest or “Reg BI,” which became effective on June 30, 2020, established a standard of conduct for broker-dealers and associated persons when they recommend securities transactions to retail customers. Rule 15l-1(a)(1) of the Exchange Act, 17 CFR § 240.15l-1(a)(1). Reg BI’s Best Interest Obligation requires a broker, dealer, or a natural person associated with a broker or dealer, when making a recommendation of any securities transaction to a retail customer, to act in the best interest of that retail customer at the time the recommendation is made, without placing the financial or other interest of the broker, dealer, or associated person over of the interest of the retail customer.
The Best Interest Obligation is satisfied only by compliance with four Component Obligations: (1) Disclosure Obligation, (2) Care Obligation, (3) Conflict of Interest Obligation, and (4) Compliance Obligation. The Care Obligation requires a broker, dealer, or associated person to exercise reasonable diligence, care, and skill to understand the potential risks, rewards, and costs associated with a recommendation of a securities transaction to a retail customer.
The Guiliano Law Group, P.C.
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