Former Broker Joseph Roop Has Fifteen Customer Disputes Reported on His BrokerCheck
Former Broker Joseph Roop (CRD# 2774470) most recently was registered at Dempsey Lord Smith, LLC in Belmont, North Carolina. Roop has fifteen customer disputes and one regulatory disclosure reported on his BrokerCheck.
For example, the North Carolina regulatory disclosure alleged violations of 18 NCAC 06A .1414(a) for failure to maintain proper records, making one or more trades without a proper power of attorney, and receiving commission for one or more trades for out-of-state customers. The Securities Division further alleged a violation of N.C. Gen. Stat. §78C-18(d) and 18 NCAC 06A .1703 for failure to timely update the U-4 with an OBA for a business that was non-operational. This event was settled through a Consent Order.
One settled customer dispute alleged unsuitable and overconcentrated recommendations with alleged damages of $500,000.00. Another settled customer dispute alleged unsuitable recommendations, and misrepresentation.
We are a Chicago-based law firm with a national practice, representing investors nationwide in seeking to recover their investment losses. The firm continues to investigate brokerage firms and brokers who have placed elderly investors, retirees and other conservative investors in unsuitable investments.
We receive the highest rankings as attorneys for quality work and ethics. We successfully have filed numerous cases against brokerage firms that sold high-risk investments, recovering more than $50 million on behalf of victimized investors. In those cases, we allege that the investment recommendations were unsuitable for our clients based on their financial situation, needs, and investment objectives.
We offer free case evaluations and handle matters on a contingency fee basis-meaning you pay no attorney's fees unless we recover compensation for you. If you have incurred investment losses with Joseph Roop and would like a securities attorney to evaluate your case, please contact us.
