Rennie M. Roach, of Avondale, Arizona, a stockbroker formerly registered with PFS Investments Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that he declined to provide FINRA staff with information that was requested of him in reference to his business activities. Case No. 2015048175301 (August 29, 2016).
FINRA Public Disclosure reveals that on December 8, 2016, a customer initiated investment related written complaint involving Roach’s conduct was settled for $36,351.09 in damages grounded upon allegations that Roach made misrepresentations to the customers concerning a variable annuity purchased by them.
Moreover, Roach was terminated by PFS Investments Inc. on December 10, 2015, grounded upon allegations that his activities were internally investigated for misappropriation and improper loan arrangements.
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