Roger Lowell Wilkie of Overland Park Kansas a stockbroker and investment adviser representative of Wells Fargo Clearing Services has been discharged from employment on March 17, 2021 founded on accusations of Wilkie being involved in an unauthorized transaction involving the liquidation of securities from a customer’s account.
Wilkie has been identified in six customer initiated investment related disputes containing allegations of his improper activities while registered with Blunt Ellis Loewi, First Union Securities, Wachovia Securities LLC and Wells Fargo. Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that a customer who brought an investment related FINRA securities arbitration claim was awarded $25,000.00 in compensatory damages based on Wilkie and Blunt Ellis Loewi being found liable on the customer’s claims including fraud and the violation of Missouri securities laws relating to the customer’s purchases of mutual funds, stocks and options. The claim alleges that the customer’s account was churned and that unauthorized transactions were effected by the stockbroker.
Another customer initiated investment related FINRA securities arbitration claim involving Wilkie’s activities was settled for $670,000.00 in damages supported by accusations including unauthorized and unsuitable trades by the stockbroker. The claim also alleges that Wilkie’s securities transactions were excessive and resulted in damages for the customer’s account. A different customer filed an investment related complaint concerning Wilkie’s conduct where the customer requested compensatory damages based upon allegations that Wilkie provided unsuitable recommendations to them regarding stock trades at First Union Securities.
An additional customer filed an investment related complaint regarding Wilkie’s activities in which the customer sought $116,000.00 in damages founded on accusations of Wilkie failing to follow the customer’s instructions relating to stop orders resulting in the customer facing a $90,000.00 account loss. Wilkie is also referenced in a customer initiated investment related written complaint where the customer requested compensatory damages supported by allegations of unsuitable stock trading given the customer’s conservative objectives at Wachovia Securities.
Another customer initiated investment related FINRA securities arbitration claim regarding Wilkie’s conduct was resolved for $110,000.00 in damages based upon accusations that Wilkie made misrepresentations regarding certificates of participation during the period that Wilkie was associated with Wells Fargo Advisors.
Wilkie has been registered with Stifel Nicolaus Company as a stockbroker and investment adviser representative since April 20, 2021.
