Terry G. Roussel was suspended from the industry by the Financial Industry Regulatory Authority (FINRA). He was formerly registered with Pacific Cornerstone Capital. Roussel allegedly sold private placements, also referred to as “selling away.” Selling away is when a broker sells a security not sold by his brokerage firm. He also sold unsuitable investments, and did not disclose tax liens filed by the Internal Revenue Service (IRS).
Roussel was registered with Bateman Eichler, Hill Richards, Inc. from March 1983 until March 1985, Pacific Asset Group in Westlake Village, California from January 1987 until June 1989, Pacific Cornerstone Financial from September 1989 until April 1999, Private Investors Equity Group in Calabasas, California from September 1999 until July 2000 and Pacific Cornerstone Capital in Irvine, California from April 2000 until June 2014. He has six customer disputes against him, one of which is currently pending. He is not currently registered with any member firm, and he is not licensed within the industry.
If you lost money with Terry G. Roussel, you may be able to recover your investment losses by suing his former firm, Pacific Cornerstone Capital. They may be liable for investment losses because of their possible failure to reasonably supervise him while he was registered there. Please call Stoltmann Law Offices at 312-332-4200 to speak with an attorney about your options. We sue firms such as Pacific Cornerstone Capital in the FINRA arbitration forum. The call is free.
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