Securities Fraud Blog
FINRA has announced on its website that it has barred Tennessee financial advisor D. Wray Rodgers of Collierville. According to FINRA’s Letter of Acceptance, Waiver, and Consent, Mr. Rodgers was registered with the firm Vining-Sparks IBG, LLC, and FINRA had begun an investigation regarding “whether Rodgers engaged in an outside business activity without providing prior written notice to his member firm and whether he misused customer funds.”
Vining-Sparks had filed a U-5 filing for Mr. Rodgers stating that he had voluntarily resigned from the firm in May 2022. According to the AWC, Mr. Rodgers failed to appear for related on the record testimony, and he and FINRA agreed to a sanction of a bar from registering with FINRA securities Broker-Dealers.
Mr. Rodgers’ FINRA Brokercheck report shows one customer complaint relating to an alleged failure to disclose risk from 2011, with a $105,000.00 settlement.
Greco & Greco’s lawyers have extensive experience with securities fraud cases involving outside business activities of brokers which have not been disclosed to their firms. If you have suffered losses due to your broker’s recommendation to invest in an investment that turned out to be fraudulent, and wish to discuss the matter for free with an attorney, please contact Scott Greco for a free securities fraud attorney consultation.