Stephen Roeder Allegedly Failed to Fully Explain Insurance Premiums

Stephen Roeder (CRD #: 1635329), a broker registered with Principal Securities, allegedly failed to properly inform an investor, according to his BrokerCheck record, accessed on February 21, 2023. Keep reading if you want to know more about his alleged conduct as a broker.

Investor Dispute

On January 4, 2023, an investor alleged that Stephen Roeder failed to explain that the premiums for a variable life insurance policy purchased by the client in 1989 could increase with time. This dispute was denied by the firm.

Investors should be aware, however, that firms can deny disputes without allowing an outside review. Investors can still pursue FINRA arbitration after a denial and may be able to recover their losses.

FINRA Rule 2020

FINRA Rule 2020 prohibits the use of deception, manipulation, and other unethical means of influencing investors’ decisions. Misrepresenting or omitting information about investments violates this rule.

Background Information

Stephen Roeder has passed the following exams:

• Series 66 – Uniform Combined State Law Examination
• SIE – Securities Industry Essentials Examination
• Series 7 – General Securities Representative Examination
• Series 6 – Investment Company Products/Variable Contracts Representative Examination

Stephen Roeder is a registered broker in Florida and Ohio. He is also a registered investment adviser in Ohio.

He has also worked for the following firms:

• First Independent Financial Services (CRD#:128904)
• Woodbury Financial Services (CRD#:421)
• AXA Advisors (CRD#:6627)
• The Equitable Life Assurance Society of the United States (CRD#:4039)

Kurta Law Can Help

If you worked with Stephen Roeder and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.