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.
The information contained herein has been obtained from reliable sources however may not be accurate and is not guaranteed by us. Readers are encouraged to undertake their own independent investigation and evaluation of the relevant facts. All claims and allegations are subject to adjudication, decisions may be subject to appeal, and no inference is intended, nor should any inference be made from any information contained herein from any source.
This posting and the information on our website is for general information purposes only. This content should be not considered legal advice, and any responses, comments, e-mails, other communications do not form any attorney client relationship. Attorney Advertisement. See Important Disclaimer
Guiliano Law Group
Our practice is limited to the representation of investors. We accept representation on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.
For more information concerning common claims against stockbrokers and investment professionals, please visit us at securitiesarbitrations.com
To learn more about FINRA Securities Arbitration, and the legal process, please visit us at securitiesarbitrations.com[contact-form-7 404 "Not Found"]