Haselkorn & Thibaut has opened an investigation into David Glen Roessner, a financial advisor in Oak Ridge, Tennessee, currently affiliated with Cetera Investment Services LLC and Cetera Investment Advisers LLC. If you are an investor who has worked with Mr. Roessner, understanding his professional background, history of complaints, and what this means for your investments is essential. Below is a comprehensive review of the advisor’s disclosure history and career, along with important steps you can take if you have concerns about your financial accounts. Contact Haselkorn & Thibaut at 1-888-885-7162 for a free, confidential consultation.
David Glen Roessner – Oak Ridge, TN: Professional Overview
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David Glen Roessner (CRD# 5568932) is a licensed broker and investment adviser with over 14 years of experience in the financial services industry. He is currently registered with Cetera Investment Services LLC (CRD 15340) and Cetera Investment Advisers LLC (CRD 105644), both located in Oak Ridge, Tennessee. Since 2016, he has maintained active registrations as both a broker and an adviser.
| Firm | Location | Role | Start Date | Status |
|---|---|---|---|---|
| Cetera Investment Services LLC | Oak Ridge, TN | Broker | 08/11/2016 | Active |
| Cetera Investment Advisers LLC | Oak Ridge, TN | Investment Adviser | 08/12/2016 | Active |
Over his career, Mr. Roessner has worked for five different financial firms, with his longest tenure being at Cetera. Prior to joining Cetera, his employment history includes roles at Fifth Third Securities, Inc., Morgan Stanley Smith Barney LLC, and SunTrust Investment Services, Inc.
Disclosure Report: Complaints & Resolutions
FINRA BrokerCheck shows that David Glen Roessner has a total of three customer complaints on record. While complaints are not unusual in the industry, reviewing the details may help investors understand the nature of each issue.
| Date | Allegation | Status | Requested Damages | Settlement/Outcome |
|---|---|---|---|---|
| Nov 20, 2024 | Complaint regarding an HSBC Market Linked CD (Cusip# 44329MG49) | Closed – No Action | $12,800 | No action taken; complaint closed with no further action |
| Jun 13, 2018 | Failure to follow instructions – investing funds | Settled | $21,654.61 | Full settlement paid ($21,654.61) |
| Feb 14, 2018 | Misrepresentation | Settled | $5,000 | Settled (amount not disclosed) |
Detailed Disclosure Summaries:
- November 20, 2024 Complaint: A client submitted a written complaint regarding an HSBC Market Linked CD. The requested damages were $12,800. The case was reviewed and closed with no action taken, meaning the firm and regulators did not find basis for further action.
- June 13, 2018 Complaint: The client alleged Mr. Roessner did not follow investment instructions. The full amount requested, $21,654.61, was paid as a settlement.
- February 14, 2018 Complaint: The allegation centered on misrepresentation. The claim was settled, though the final payment amount is not available.
It is important for investors to recognize that regulatory disclosures do not necessarily confirm wrongdoing—firms often settle to resolve matters expediently. However, multiple customer disputes in a short time period can indicate patterns that are worth investigating further.
Licenses and Geographic Reach
David Glen Roessner is licensed in 19 states, including Tennessee, Florida, California, Texas, and several states throughout the Southeast and Midwest. This broad licensing expands the pool of potential investors affected and demonstrates significant geographic reach for the advisor’s business.
Professional Trajectory: Employment Timeline
- 2016-present: Cetera Investment Services LLC & Cetera Investment Advisers LLC (Oak Ridge, TN)
- 2013-2016: Fifth Third Securities, Inc. (Knoxville, TN)
- 2011: Morgan Stanley Smith Barney LLC (Knoxville, TN)
- 2009-2011: SunTrust Investment Services, Inc. (Knoxville, TN)
Mr. Roessner’s long tenure with Cetera (9+ years) may indicate a degree of stability, but investors should always exercise due diligence by reviewing a broker’s full complaint history and employment record.
What Should Investors Do Next?
If you received investment advice from David Glen Roessner at Cetera Investment Services LLC or Cetera Investment Advisers LLC in Oak Ridge—and you have experienced losses, encountered misrepresentation, unsuitable product recommendations, or account irregularities—it is crucial to act.
- Review your account statements for any irregularities or unrecognized transactions.
- Document your communications with your advisor regarding investment recommendations and transactions.
- Reach out to a national securities fraud law firm for an unbiased, expert review of your claims.
Haselkorn & Thibaut (investmentfraudlawyers.com) has over 50 years of combined experience, a 98% success rate, and has recovered millions of dollars on behalf of investors nationwide. The firm operates on a no recovery, no fee basis. This means you pay nothing unless compensation is recovered for you.
Connect with Haselkorn & Thibaut Today
If you have concerns about your investments with David Glen Roessner or have suffered losses, do not hesitate to protect your rights. Contact Haselkorn & Thibaut at 1-888-885-7162 for a free and confidential consultation. The firm’s investigation is ongoing, and your confidential inquiry can help you determine your next best steps.
For additional details or to review Mr. Roessner’s regulatory filing history, you can visit his BrokerCheck profile.
Take proactive steps to review your accounts, get answers, and safeguard your investments. Haselkorn & Thibaut’s dedicated attorneys are ready to help you with a personalized strategy and expert guidance every step of the way.
