Publicly available records published by the Financial Industry Regulatory Authority (FINRA) on January 26, 2017 indicate that Texas-based IMS Securities broker/adviser Stacey Rognon has been named in a pending customer dispute. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Ms. Rognon (CRD# 1898975).
Stacey Rognon has spent sixteen years in the securities industry and has been registered with IMS Securities in Houston, Texas since 2002. She was previously registered with Morgan Stanley DW in Purchase, New York (2000-2002) and has passed three securities industry examinations: Series 66 (Uniform Combined State Law Examination); Series 31 (Futures Managed Funds Examination); and Series 7 (General Securities Representative Examination). She is a registered broker and investment adviser with nine US states and territories: Arkansas, Colorado, Florida, Georgia, Hawaii, Louisiana, New Mexico, North Carolina, and Texas.
According to her BrokerCheck report, Stacey Rognon has received one pending customer complaint.
In June 2016 a customer alleged Stacey Rognon, while employed at IMS Securities, acted negligently, over-concentrated investments, breached her fiduciary duty, and misrepresented material facts. The customer is seeking $3,000,000 in damages in the pending complaint.
Concentration, or “over-concentration,” denotes a broker’s failure to diversify the investor’s portfolio among a variety of assets. Perhaps a broker expects one asset to outperform others, and consequently focuses the investment in that asset or class. In other cases, the broker might invest mostly in a series of related investments, like municipal bonds in the same region. Given that similar classes often perform similarly, if one investment performs poorly, the others might as well. Brokers and investment advisers who fail to diversify their customers’ investments may be subject to disciplinary action by FINRA or the Securities and Exchange Commission.
If you have lost money investing with Stacey Rognon, you may be able to recover your losses. Call Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on a contingency basis: Fitapelli Kurta only gets paid if and when you collect funds. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.