Ft. Lauderdale Elder Abuse Charges Against Roger Kroeger

Roger Kroeger (CRD #1526864) is a former registered broker and investment advisor who was employed with Invest Financial Corporation (CRD #12984) of Fort Lauderdale, FL for 27 years. He was previously employed with Glenfed Brokerage Services (CRD #13648) of Glendale CA and Shearson Lehman Hutton Inc. (CRD #7506).

Although Kroeger still holds Series 7 and 63 licenses, he is not currently associated with a FINRA member firm. No current employment information is available. He has been in the industry since 1986.

Kroeger has four disclosures in his record that appear to be for the same incident, with two filed on 11/17/2017. The first includes criminal charges for exploitation of the elderly for over $100,000, three counts of fraud, money laundering, and two counts of grand theft. The charges are currently listed as “pending.”

The second disclosure is his termination of employment by Invest Financial with allegations that “representative [Kroeger] admitted to facilitating a loan to his sister from a senior client, and was subsequently charged with multiple felony offenses in connection with these circumstances.”  Invest filed the required Uniform Termination Notice for Securities Industry Registration (“Form U5”) for Kroeger on 12/5/2017, notifying FINRA that his association with the firm ended on 11/17/2017.

The third disclosure is a customer dispute filed on 12/12/2017, alleging misappropriation of client funds. The client requested damages of $190,000.00, and the case was settled for
$206,084.00.

The fourth disclosure is the case opened by FINRA on 9/5/2018. Kroeger was requested to provide information and on-the-record testimony after an investigation. Without admitting or denying the findings, Kroeger signed an Acceptance, Waiver & Consent (AWC) letter, consenting to FINRA-imposed sanctions on 8/20/2018. The letter was signed by a FINRA representative on 9/5/2018, and implemented a permanent, indefinite bar in all capacities.

Did You Invest With Roger Kroeger?

If you’re wondering if your investments are safe and were properly handled (or those of an elderly relative), we can take another look at the accounts.  Scott Silver is a leading elder financial fraud attorney in Florida and regularly speaks about best practices in preventing elder abuse.  Silver Law Group represents investors in securities and investment fraud cases. Our lawyers are admitted to practice in New York and Florida and represent investors nationwide to help recover investment losses due to stockbroker misconduct. If you have any questions about how your account is handled, call to speak with an experienced securities attorney (or use our online contact form.) Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.