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.
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.
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.
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.
Soreide Law Group has filed a FINRA arbitration on behalf of our clients (Claimants) against: CONCORDE INVESTMENTS SERVICES, LLC, and BERTHEL, FISHER & COMPANY FINANCIAL SERVICES, INC (Respondents). The Claimants are in their late 70s, retired, and according to the lawsuit, were not looking to take any unnecessary risks with their retirement savings. The Claimants […]
THEODORE WILLIAM BYRER (THEODORE W BYRER, TED BYRER) was registered as a broker with MORGAN STANLEY of Indianapolis, Indiana, from 11/11/2013 - 04/20/2023. He was most recently registered with INTERNATIONAL ASSETS ADVISORY, INC of Westfield, Indiana, from 05/09/2023 - 09/17/2024. According to his BrokerCheck CRD report, dated 7/23/2026, THEODORE W BYRER was suspended for 14 […]
MARK LAWRENCE SULLIVAN (MARK SULLIVAN, MARK L SULLIVAN), formerly with UBS Wealth Management USA in New York City, was fined $10,000 and suspended for three months by the Financial Industry Regulatory Authority (FINRA) over allegations that he traded in customers’ accounts without the proper approval. Sullivan was previously registered both as a broker and as an […]
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