DANIEL M ROPER formerly of SCHWAB

DANIEL MICHAEL ROPER (DANIEL M ROPER), according to a FINRA report dated 7/17/2025, was fined by FINRA $15,000.00, suspended for 2 years, and $80,747.00 in disgorgement over allegations that he allegedly engaged in profit sharing with a client who was a family member.  Roper was registered from 03/25/2019 - 09/15/2023 with CHARLES SCHWAB & CO INC of Omaha, Nebraska.

According to the FINRA report, without admitting or denying FINRA’s findings, DANIEL M ROPER consented to the sanctions and to the entry of findings that he allegedly traded in a client’s account for a share of the profits.

FINRA’s findings alleged that DANIEL M ROPER entered more than 14,000 equity trades and 6,300 options trades in his client's self-directed retail account for a share of the client's profits. Roper did not disclose to his member firm that he and the client had entered into an oral profit-sharing agreement related to the trading, and the firm did not provide authorization to Roper to share the profits in the client's account.  According to the FINRA report, DANIEL M ROPER received $80,747 in profit-sharing payments from the client.

The FINRA findings also stated that DANIEL M ROPER exercised discretion without prior written authorization in connection with the equity and options trades in the account of the client with whom Roper had a profit-sharing agreement. Allegedly, the client orally authorized Roper to exercise discretion in his account but never provided written authorization to exercise such authority and his firm never accepted the client's account as discretionary.

According to the FINRA report, Roper also used personal text messages and personal email for business-related communications. Roper allegedly exchanged thousands of text messages and emails with the client with whom he had a profit-sharing agreement using his personal mobile device.

Roper did not provide his firm with copies of text messages or personal emails, which caused the firm to maintain incomplete records of business communications, according to FINRA.

According to FINRA’s BrokerCheck, DANIEL M ROPER has 9 years of experience in the securities industry and was listed with 4 firms. Roper has 3 disclosures on his FINRA CRD report, the “Regulatory” fining and suspending him, a “Customer Dispute” that was denied, and an “Employment Separation after Allegations” dated 8/30/2023. Roper voluntarily resigned from CHARLES SCHWAB & CO., INC. following the allegations, “Trading in a family member's Schwab account without trade authority.”

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