Investigation Alert: Roger Turcotte of Cetera Investment Services Faces Regulatory Scrutiny
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Haselkorn & Thibaut has opened an investigation into Tampa-based financial advisor Roger Turcotte (CRD# 1180997) following concerning regulatory disclosures and investor complaints. If you’ve worked with Mr. Turcotte or have concerns about your investments, understanding these recent developments could be crucial for protecting your financial future.
Understanding the Recent FINRA Disciplinary Action Against Roger Turcotte
In September 2024, FINRA took disciplinary action against Roger Turcotte, resulting in a two-month suspension and a $10,000 fine. The core issue? Mismarking order tickets as “unsolicited” when they were actually solicited trades in low-priced over-the-counter (OTC) securities.
Let’s break down why this matters to you as an investor:
| What Happened | Why It Matters |
|---|---|
| Marked trades as “unsolicited” | Hides that advisor recommended the investment |
| Involved low-priced OTC securities | These are often high-risk investments |
| Firm prohibited these recommendations | Violated internal compliance rules |
| Generated $3,000+ in commissions | Financial incentive for misconduct |
When an advisor marks a trade as “unsolicited,” they’re essentially claiming the client came up with the investment idea independently. This distinction matters because solicited trades require additional oversight and must meet suitability standards for the client.
Recent Investor Complaint: Unauthorized Trading Allegations
Beyond the FINRA action, Roger Turcotte faced an investor complaint in July 2025 alleging unauthorized trading in stock products while representing Cetera Investment Services. Though this complaint was closed without action, it raises important questions for current and former clients.
Key red flags to watch for in your own accounts:
- Trades you don’t remember discussing or approving
- Investments that seem inconsistent with your risk tolerance
- Sudden changes in your portfolio strategy
- Transactions in unfamiliar or complex securities
- Higher than expected trading frequency
Roger Turcotte’s Professional Background and Current Status
With 42 years in the securities industry, Roger Turcotte brings extensive experience to his role. Currently registered with both Cetera Investment Services and Cetera Investment Advisors, he maintains licenses in 21 states and has passed six industry qualifying exams.
However, experience alone doesn’t guarantee proper conduct. The recent disciplinary action occurred despite his decades of experience, highlighting that even seasoned professionals can engage in concerning practices.
What This Means for Investors Working with Roger Turcotte or Cetera
If you’re currently working with Roger Turcotte or have investments through Cetera Investment Services, consider taking these protective steps:
1. Review Your Account Statements Carefully
Look for any trades you don’t recognize or investments that seem out of place in your portfolio.
2. Document All Communications
Keep records of emails, notes from phone calls, and any investment recommendations received.
3. Understand Your Investments
If you own low-priced OTC securities or other complex investments, make sure you understand why they’re in your portfolio.
4. Ask Questions
Don’t hesitate to ask about any trades marked as “unsolicited” versus “solicited” on your confirmations.
When to Seek Legal Guidance
Consider consulting with a securities attorney if you:
- Notice unauthorized trades in your account
- Suffered losses in low-priced OTC securities
- Feel pressured into investments you didn’t fully understand
- See discrepancies between what was promised and what occurred
- Have concerns about the suitability of your investments
How Haselkorn & Thibaut Can Help
Haselkorn & Thibaut brings over 50 years of experience in securities fraud cases, with a 98% success rate and millions recovered for clients. Operating on a “no recovery, no fee” basis means you pay nothing unless they successfully recover funds for you.
The firm’s investigation into Roger Turcotte and Cetera Investment Services focuses on:
- Unauthorized trading claims
- Mismarked order tickets
- Suitability of investment recommendations
- Compliance with industry regulations
- Potential investor losses
Take Action to Protect Your Investments
The financial markets are complex enough without worrying about whether your advisor is following the rules. If you’ve experienced losses or have concerns about Roger Turcotte’s handling of your investments, now is the time to understand your options.
Remember, regulatory actions and investor complaints often represent just the tip of the iceberg. Many investors don’t realize they’ve been affected by misconduct until they review their accounts carefully or speak with a legal professional.
Don’t wait to protect your financial future. If you’ve worked with Roger Turcotte at Cetera Investment Services or Cetera Investment Advisors and have concerns about your investments, contact Haselkorn & Thibaut for a free consultation at 1-888-628-5590. Their experienced team can review your situation and help you understand your rights as an investor.
Free Consultation Available: Haselkorn & Thibaut offers complimentary case reviews with no obligation. With their “no recovery, no fee” guarantee, you have nothing to lose by exploring your options. Call 1-888-628-5590 today to speak with an experienced securities attorney about your Roger Turcotte investments.
