Investors may have suffered financial harm by securities broker Rainey Steven Rogers Sr. [CRD: 1839823, McKinney, Texas], based on disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Rogers worked for Principal Securities Inc. from August 30, 1988, to February 14, 2022, as a securities broker and from March 24, 2005, to February 14, 2022, as a financial advisor, before joining Kestra Investment Services LLC and Kestra Advisory Services LLC on February 8, 2022. See below to discover more about disclosures involving Rogers.
Principal Securities Investor Accused Rogers Of Unsuitable Recommendations
Notably, a client filed a complaint about Rainey Rogers. Primarily, the client alleged that Rogers gave unsuitable advice by recommending additional premiums into a variable annuity contract in 2021 despite concerns relating to the client’s age. For this reason, the client allegedly sustained damages. Consequently, on November 4, 2025, Principal Securities Inc. settled this matter by paying the client $44,138.44 in damages.
Rainey Rogers Disclosed Misrepresentation Allegations By Princor Financial Services Corporation Client
Additionally, a client of Princor Financial Services Corporation contested Rainey Rogers’s sales practices, according to a complaint. Allegedly, Rogers made misrepresentations by providing incorrect information regarding a variable annuity. It appears that Rogers allegedly caused the client to sustain damages. Therefore, Princor Financial Services Corporation agreed to settle the matter on May 16, 2016, by compensating the client in the amount of $64,000.
Princor Financial Services Corporation Investor Accused Rogers Of Unsuitable Advice
Also, a Princor Financial Services Corporation client filed Civil Suit No. 0208480 about Rainey Rogers. Mainly, the client alleged that Rogers made unsuitable recommendations involving private placement investments and stocks. Because of this, the client allegedly sustained damages. As a result, on January 19, 2005, Princor Financial Services Corporation settled this matter by paying the client $405,000.
Are you concerned about investments you made through Rainey Rogers? You can contact Soreide Law Group online or at (888) 760-6552 and consult with a securities attorney regarding a possible recovery of your investment losses. Soreide Law Group has recovered losses for many investors throughout the country. Also, our securities lawyers handle cases on a contingency fee arrangement and advance all costs. Rogers and brokerage firms Rogers worked for deny accusations of sales practice violations.
