Publicly available records published by the Financial Industry Regulatory Authority (FINRA) and accessed on October 10, 2017 indicate that Illinois-based Ausdal Financial Partners broker Frederick Roehm has been named in a pending FINRA complaint and pending customer disputes. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Roehm (CRD# 2340397).
Frederick Roehm has spent 24 years in the securities industry and has been registered with Ausdal Financial Partners in Schaumburg, Illinois since 2014. Previous registrations include FSC Securities in Schaumburg, Illinois and Waterstone Financial Group in Schaumburg, Illinois. He is a registered broker with 14 US states and territories: Arizona, California, Florida, Illinois, Indiana, Maine, Michigan, Nevada, North Carolina, Ohio, Tennessee, Texas, Wisconsin and Wyoming.
According to his BrokerCheck report, he has been named in a pending FINRA complaint and two pending customer complaints.
In July 2017 FINRA named Frederick Roehm respondent in a complaint alleging he “willfully failed to disclose on his Form U4 that he was the subject of an investment-related, consumer-initiated written complaint that alleged that Roehm was involved in sales practice violations, and contained a claim for compensatory damages of more than $5,000.” FINRA’s complaint states further: “Roehm willfully failed to timely and accurately disclose on his Form U4 that he was named a defendant in investment-related, consumer-initiated civil litigation that alleged that he was involved sales practice violations. The complaint also alleges that Roehm attempted to settle the claims outlined in a draft complaint without notifying his member firm. Specifically, the draft complaint outlined charges against Roehm for fraud, fraud in violation of the Federal Securities Law, fraud in violation of the Illinois Securities Law, breach of fiduciary duty, “unsuitability,” and civil conspiracy, all relating to clients’ investment in a business.” The complaint remains pending.
In 2014 he was terminated from his position at FSC Securities Corporation following allegations he failed to timely notify the firm of a customer complaint.
In 2014 a customer alleged Frederick Roehm, while employed at FSC Securities Corporation, committed fraud, violated Illinois Securities laws, breached his fiduciary duty, made unsuitable investment recommendations, and acted negligently. The customer is seeking $1,470,000 in damages in the pending complaint.
If you or someone you know has complaints regarding Frederick Roehm, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be entitled to recover lost funds. All cases are taken on contingency: we only receive payment if and when you collect money. Time to file your claim may be limited, so we suggest you avoid delay. Call 877-238-4175 now to speak to an attorney for free.