FINRA bars broker amid $9.8M claims
FINRA has barred a Georgia broker who is at the center of client complaints seeking roughly $9.8 million, underscoring reputational and litigation risks in the broker‑dealer channel. The case is a sharp reminder of why compliance and suitability documentation matter for client protection. (investmentnews.com)
Roger Allan Roemmich is identified in FINRA/SEC records as CRD 1293322 and listed in an individual BrokerCheck report that details his employment and disclosure history. (files.brokercheck.finra.org) Roemmich’s employment timeline shows he was with Dempsey Lord Smith from 2016 to 2020 and then moved to Alexander Capital, with BrokerCheck and firm records indicating his Alexander Capital registration ran from October 2, 2020, until a resignation in 2025. (investmentnews.com) The largest civil suit tied to Roemmich sought $7.5 million and was filed in the Superior Court of Fulton County, Georgia on May 1, 2025, according to public case disclosures cited by industry reporting. (securitieslawyer.com) A separate customer complaint filed January 16, 2025, named Retirement Cash Flow Group and Alexander Capital and sought about $1.2 million in alleged damages connected to private-placement recommendations. (rexsecuritieslaw.com) FINRA arbitration records and public filings list at least one arbitration (No. 23-03083) tied to Roemmich alleging failure to conduct due diligence and an arbitration (No. 25-01247) filed in mid‑2025 alleging breach of fiduciary duty and negligence with damages requests in the six‑to seven‑figure range. (securitieslawyer.com) Roemmich’s public complaint history includes an earlier investor settlement of $227,500 in 2015 related to an unsuitable recommendation involving a tenant‑in‑common product, according to archived disclosure summaries. (carlsonlaw.com) Dempsey Lord Smith, Roemmich’s former broker‑dealer employer, was acquired by Cambridge Investment Research in November 2025 in a transaction that brought roughly 75 advisors onto Cambridge’s platform and was reported to involve about $5.2 million in transaction consideration. (investmentnews.com)
