Rodger Sprouse of Lee’s Summit Montana a stockbroker currently associated with Titan Securities has been referenced in a customer initiated investment related written complaint which was settled for $43,000.00 on April 6, 2020 supported by allegations that the customer had been placed into a fraudulient structured cash flow product by Sprouse in 2018 during the period in which Sprouse was employed by Titan Securities.
Sprouse has been identified in five additional customer initiated investment related disputes concerning accusations of his misconduct while employed by Stonehurst Securities, Evolve Securities and Titan Securities. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Sprouse is the subject of a customer initiated investment related written complaint which was resolved for $46,748.60 in damages based upon accusations that the customer was placed into unsuitable life settlements by Sprouse during the time that Sprouse was associated with Stonehurst Securities.
Another customer filed an investment related complaint involving Sprouse’s conduct in which the customer requested $210,365.95 in damages based upon allegations that the Titan Securities customer was sold business development company, real estate security and equipment leasing products which all failed to be suitable for the customer. Sprouse has also been identified in a customer initiated investment related complaint where the customer sought $100,000.00 in damages founded on accusations of non-disclosures relating to a viatical settlement purchased by the customer while Sprouse was employed by Evolve Securities.
Another customer filed an investment related arbitration claim concerning Sprouse’s activities where the customer sought $59,000.00 in damages founded on accusations of Life Partners viatical settlement losses. On October 4, 2019, a customer initiated investment related civil action pertaining to Sprouse’s conduct that was brought in the Circuit Court of Jackson County Missouri was settled for $158,000.00 in damages supported by allegations that the customer had been sold FIP products and structured cash flow products away from Titan Securities while he was associated with the securities broker dealer. Civil Action No. 1916-CV02401.
Sprouse has been registered with Titan Securities since February 7, 2011.