Haselkorn & Thibaut, P.A., operating as Investment Fraud Lawyers, has launched an active investigation into Rainey Steven Rogers Sr. (CRD #1839823), a financial advisor and broker in McKinney, Texas, registered with Kestra Investment Services, LLC. Our mission is to help investors who may have suffered losses recover their funds and hold financial professionals accountable. If you worked with Rainey Rogers and have concerns about how your investments were managed, you are not alone—and our firm is here to advocate for you.
With over 95 years of combined securities law experience, a 98% success rate across hundreds of investor claims, and more than $520 million involved in securities matters, our attorneys deliver hope and confidence. Our insider knowledge, as former Wall Street defense lawyers, gives us a unique perspective and formidable capability to fight for investors seeking recovery after alleged misconduct.
Who Is Rainey Steven Rogers Sr. of Kestra Investment Services, McKinney, TX?
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Rainey Steven Rogers Sr. is a long-tenured financial advisor operating in McKinney, Texas, and currently registered with Kestra Investment Services, LLC and Kestra Advisory Services, LLC. He has previously worked for:
- Principal Securities, Inc. (1988–2022)
- Principal Life Insurance Company (insurance affiliate)
Mr. Rogers is also affiliated with multiple insurance and wealth management businesses, including group insurance, fixed life insurance, fixed annuities, disability insurance, long-term care insurance, and McKinney Wealth Management.
Has Rainey Rogers Been the Subject of Customer Complaints?
Yes. Several prior customers have brought disputes and complaints against Rainey Rogers during his long career, particularly involving allegations of unsuitable investment recommendations, private placements, and variable annuities. Below is a detailed, case-specific summary of these complaints. While he has not faced sanctions from securities regulators, these settlements and case outcomes may present important considerations for potential investors.
| Date/Period | Allegations | Outcome |
|---|---|---|
| June 2023 | Unsuitable variable annuity recommendation: Additional premiums invested into a variable annuity during 2021 were alleged to be unsuitable due to the client’s age. | Settled on November 4, 2025 for $44,138. |
| April 2015 | Misrepresentation regarding variable annuity: Customers alleged they received incorrect information about a variable annuity originally purchased from another advisor. | Settled May 16, 2016 for $64,000. |
| 2002–2005 Dallas County, TX (Case No. 0208480) |
Unsuitable private placement recommendations: Investors alleged inappropriate solicitation for private placement investments involving stock. | Settled January 2005 for $405,000, of which Mr. Rogers personally paid $30,000. |
No pending customer disputes are reported as of the most recent update. However, these settled matters may raise concerns for investors reviewing his history.
Types of Alleged Broker Misconduct Involving Rainey Rogers
The customer disputes involving Rainey Steven Rogers Sr. reflect several recurring themes:
- Unsuitable investment recommendations—Advising investments that were allegedly inappropriate for clients’ needs or risk profiles, particularly elderly investors or those with different objectives, potentially implicating FINRA Rule 2111 (Suitability).
- Private placement issues—Recommending private investments that were allegedly inconsistent with customers’ objectives or risk tolerance.
- Misrepresentation and inaccurate information—Allegedly failing to provide correct or fully accurate explanations about investment products, potentially implicating FINRA Rule 2010, which requires high standards of commercial honor.
- Insufficient disclosure of investment risks—Allegedly not adequately warning investors of risks inherent in recommended securities.
Does Rainey Steven Rogers Sr. Have Regulatory or Civil Actions?
According to public records reviewed as of the latest available update:
- No regulatory actions or disciplinary history have been reported by FINRA or the SEC.
- No customer arbitration or dispute filings are currently pending.
- No civil or bankruptcy filings were identified in federal or state court searches.
For a comprehensive and current assessment, investors and their legal representatives should verify details directly on FINRA BrokerCheck (CRD #1839823) and request a complete report as part of their due diligence. Our attorneys can help interpret and explain these disclosures.
Why Do Investors File FINRA Arbitrations?
FINRA arbitration is a primary avenue for investors nationwide seeking recovery of losses allegedly caused by broker misconduct, unsuitable advice, or misrepresentation. If you lost money with Rainey Steven Rogers Sr. at Kestra Investment Services, you may be eligible to pursue recovery through this process. Our attorneys—recognized in the top 2% by Martindale-Hubbell (AV Preeminent), Super Lawyers-designated, and holding consistent 5.0-star client reviews—represent claimants in these proceedings with skill and empathy. We work on a “No recovery, no fee” basis, so you owe us nothing unless we secure compensation for you.
Your Path to Recovery: Next Steps
If you believe you have incurred investment losses involving Rainey Rogers as your financial advisor in McKinney, TX, do not wait to understand your rights and explore possible recovery options. You have the right to ask questions and receive answers about how your investments were managed and whether broker misconduct or unsuitable recommendations may have contributed to your financial outcome.
- Receive a free, confidential review of your case, regardless of the size or scope of your losses.
- Obtain a clear roadmap for potential recovery options tailored to your circumstances.
- Learn from experienced former Wall Street defense attorneys with insider knowledge of brokerage firm tactics.
Act Now—Contact Our Firm for a Free Consultation
You do not have to face investment losses or suspected fraud alone. Our team brings the full weight of its experience to every case and every client. If you lost money or have concerns regarding Rainey Steven Rogers Sr. of Kestra Investment Services, LLC, call us at 1-888-885-7162 for a free, no-obligation consultation with our attorneys. Take the first step toward clarity and recovery—let our experience and proven results go to work for you.
