Roark Gover: Sanctioned by FINRA

Roark Gover

Publicly available records published by the Financial Industry Regulatory Authority (FINRA) on March 17, 2017 indicate that Pennsylvania-based Securian Financial Services broker/adviser Roark Gover has been sanctioned by FINRA. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Gover (CRD# 1676215).

Roark Gover has spent 29 years in the securities industry and has been registered with Securian Financial Services in Doylestown, Pennsylvania since 1999. Previous registrations include Valley National Investments in Bethlehem, Pennsylvania; Ascend Financial Services in St. Paul, Minnesota; and Capital Analysts in Cincinnati, Ohio. He is a registered broker and investment adviser in Pennsylvania.

According to his BrokerCheck report, Roark Gover has received one FINRA sanction.

In January 2017 FINRA sanctioned him following allegations he “falsely represented to his member firm on three occasions that he had witnessed a customer sign a form used to request a transfer of funds and through his false representations, Gover unwittingly enabled fraudulent transfers.” According to FINRA’s findings:

…A branch office of Gover’s firm received and processed three requests to transfer funds from the account of a firm customer, to outside bank accounts. Unbeknownst to the registered representative for the account or anyone else at the firm, these requests did not come from the customer, but from an imposter who had gained unlawful access to the customer’s email. The findings also stated that a registered sales assistant in the office processed all three requests. Each request to transfer funds required completion of an Outgoing Wire form, which had to be either notarized or “signature guaranteed” by a registered principal. Before a registered principal could provide a signature guarantee, the firm required that a registered representative complete a Signature Guarantee Request form. In the branch office, Gover generally completed these forms, which were then kept in the office’s files, per the firm’s requirements, as a signature-guarantee blotter… The findings also included that Gover received three Outgoing Wire forms from the office’s registered sales assistant. Those forms included an attestation that the signatory, a registered principal, had first called the client to confirm the client’s intention to wire funds. Upon receiving and reviewing each of the three Outgoing Wire forms, Gover completed and signed a Signature Guarantee Request for the fraudulent request to transfer funds.”

Mr. Gover was issued a ten-day suspension; his disclosure report notes that “In determining this sanction, FINRA considered the fact that Gover’s firm separately suspended and fined Gover for the same conduct.”

If you or someone you know has a complaint regarding Roark Gover, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup lost funds. Fitapelli Kurta accepts every case on contingency: we only get paid if and when you collect money. Time to file your claim may be limited, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.