Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Roger Turcotte (Turcotte), currently associated with Cetera Investment Services LLC, has at least one disclosable event. These events include one tax lien, alleging that Turcotte recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a final customer complaint on September 03, 2024.
Without admitting or denying the findings, Turcotte consented to the sanctions and to the entry of findings that he caused his member firm to make and preserve inaccurate books and records by mismarking as unsolicited order tickets for equity transactions that he recommended to his customers. The findings stated that four of the transactions Turcotte mismarked as unsolicited involved solicited purchases of low-priced OTC securities. However, the firm prohibited representatives from recommending such securities to their customers. Turcotte received $3,696.97 in commissions for these four transactions which, had he marked them accurately, would have been cancelled.
