Roger Alan Klinger of Indianapolis Indiana a stockbroker formerly employed by RBC Capital Markets LLC is the subject of a customer initiated investment related arbitration claim in which the customer sought $100,000.00 in damages based upon allegations that master limited partnership and unit investment trust transactions were effected in the customer’s account that were neither suitable nor authorized by the customer. Financial Industry Regulatory Authority (FINRA) Arbitration No. 18-00536 (Feb. 16, 2018).
FINRA Public Disclosure confirms that Klinger is referenced in five additional customer initiated investment related disputes pertaining to accusations of his wrongdoing while employed with Wachovia Securities LLC, Raymond James & Associates, Inc., RBC Capital Markets and Wells Fargo Advisors, LLC. For example, on February 25, 2009, a customer initiated investment related complaint concerning Klinger’s conduct was resolved for $50,000.00 in damages supported by allegations that unsuitable closed end fund transactions were placed in the customer’s account.
Subsequently, a customer initiated investment related arbitration claim concerning Klinger’s activities was settled for $75,000.00 in damages based upon accusations that Klinger established a customer’s margin account without the customer’s permission; made misrepresentations to the customer concerning the customer’s account management; and neglected to inform the customer about the speculative and excessive trades placed in the customer’s wrap account. FINRA Arbitration No. 09-04621 (May 6, 2010).
On November 8, 2011, another customer filed an investment related complaint regarding Klinger’s conduct where the customer requested more than $5,000.00 in damages founded on allegations that misrepresentations had been made to the customer concerning a variable annuity investment. Thereafter, on January 5, 2012, a customer initiated investment related complaint involving Klinger’s conduct was resolved for $18,000.00 in damages supported by accusations that unsuitable exchange traded fund, unit investment trust and over-the-counter equity transactions were executed in the customer’s account. Then, on June 3, 2013, a customer filed an investment related complaint concerning Klinger’s activities in which the customer sought $34,000.00 in damages based upon allegations that exchange traded fund and unit investment trust transactions were placed in the customer’s account that were not consistent with the customer’s conservative investment objectives.
Klinger’s registration with RBC Capital Markets, LLC was terminated on March 20, 2018.
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