In a recent development, Roger Roemmich, a broker and investment advisor associated with Alexander Capital, L.P. (CRD 40077) in Georgia, has been named in a pending customer dispute filed on February 15, 2024. The allegations revolve around the suitability of direct investment products, specifically DPP & LP Interests, recommended by Roemmich to his clients. The damage amount requested in the dispute is yet to be disclosed, and the resolution of the case is still pending.
Haselkorn & Thibaut, a national investment fraud law firm with offices in Florida, New York, North Carolina, Arizona, and Texas, is currently investigating Roger Roemmich and Alexander Capital, L.P. in relation to this customer dispute. With over 50 years of combined experience and a 98% success rate, Haselkorn & Thibaut has a proven track record of helping investors recover their losses through FINRA arbitration. The firm operates on a “No Recovery, No Fee” basis and offers free consultations to clients. Investors can contact them toll-free at 1-888-885-7162 .
Understanding the FINRA Rule and Suitability
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FINRA Rule 2111, known as the “Suitability Rule,” requires brokers and investment advisors to have a reasonable basis to believe that a recommended transaction or investment strategy is suitable for the customer, based on the customer’s investment profile. This profile includes factors such as the customer’s age, financial situation, investment objectives, and risk tolerance.
In simple terms, brokers and advisors must ensure that the investments they recommend align with their clients’ goals and financial circumstances. They should not recommend high-risk or complex products to clients who may not fully understand the potential downsides or whose financial situation does not support such investments. Investment fraud and bad advice from financial advisors can have devastating consequences for investors, leading to significant financial losses and setbacks in achieving their long-term financial goals.
The Importance of Suitability for Investors
Suitability is a critical aspect of the relationship between investors and their financial advisors. When advisors recommend unsuitable investments, investors can suffer significant financial losses and face setbacks in achieving their long-term financial goals.
Investors trust their advisors to provide sound guidance and recommend products that are in their best interests. When this trust is breached, and unsuitable investments are recommended, it can have far-reaching consequences for investors’ financial well-being and future security.
Red Flags and Recovering Losses
Investors should be aware of potential red flags that may indicate financial advisor malpractice or unsuitable investment recommendations. These red flags include:
- Recommendations that seem too good to be true or promise guaranteed returns
- Pressure to make quick investment decisions without adequate time to review the risks and potential downsides
- Recommendations that do not align with the investor’s stated goals, risk tolerance, or financial situation
- Failure to disclose important information about an investment, including fees, risks, and liquidity concerns
If investors suspect that they have been the victim of unsuitable investment recommendations or financial advisor malpractice, they may be able to recover their losses through FINRA arbitration. Haselkorn & Thibaut has extensive experience representing investors in these cases and can help clients navigate the arbitration process.
Investors who have suffered losses due to the actions of Roger Roemmich or Alexander Capital, L.P. are encouraged to contact Haselkorn & Thibaut for a free consultation. The firm’s experienced attorneys can review the case, assess the potential for recovery, and guide investors through the next steps in the process.
For more information on Roger Roemmich‘s disclosure history and registration status, investors can access his FINRA BrokerCheck report.
