February- 2020 – Belmont, NC
The FINRA records of Joseph Patrick Roop, a broker currently employed by Dempsey Lord Smith, disclose 6 prior customer disputes and 1 pending customer dispute.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
In 10/2018 a customer of Kalos Capital, Inc. was paid $90,000 to resolve allegations of unsuitable investments and sale of securities by a rep that was not property registered in the State of Alabama.
Between 8/2010 and 1/2014, three Bank of America Investment Services customers were paid a total of $115,500 to resolve allegations including misrepresentation, omission of material facts, excessive trading, unsuitable investments by Roop.
In 2/2009 and in 6/2009, two customers of Wachovia Securities were paid a total of $141,000 to resolve allegations that included unsuitable options trading.
In 5/2019 a Kalos Capital, Inc., client filed FINRA case #19-2019 alleging unsuitable investments in alternative investments and alleges damages of $450,000. The case is pending.
Joseph Patrick Roop has been employed with Dempsey Lord Smith since 7/2019. Before that he was with Kalos Capital from 4/2009 until 7/2019. He was previously with Wachovia Securities and bank of America Investment Services.
If you have questions about an account handled by Joseph Patrick Roop call for a no charge consultation to learn more about your legal options.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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