What Did Your Brokerage Firm or Investment Adviser Do Wrong With GWG
Published On: June 26, 2015

Stoltmann Law Offices continues to investigate Keith M. Rogers, a former broker with G.L.S. Associates. In October 2014, the Financial Industry Regulatory Authority (FINRA) permanently barred Rogers from the industry, for failing to appear for an interview. FINRA was investigating allegations that Rogers stole money from his clients and sold unauthorized investments in R&P Development LLC. Rogers allegedly ran the scheme from October 2009 until July 2013. The Alabama Securities Commission also issued a cease and desist order against Rogers and ordered him to refrain from selling unregistered securities of R&P Development. Rogers was arrested on June 19th for crimes of committing four counts of stock fraud, and six counts of omissions/misrepresentations in the sale of securities. Rogers was sued last year by former Alabama and NFL running back Kenneth Darby for $2.4 million. His lawsuit alleged that Rogers persuaded him to invest $250,000 in an account and then used the money for his own personal gain.

Rogers was associated with G.L.S. & Associates in Huntsville, Alabama, from January 2006 until January 2013. He has one customer dispute against him that is currently pending. He is not licensed to practice within the industry, and FINRA permanently barred him from acting as a broker or otherwise associating with firms that sell securities to the public.

You may sue G.L.S. & Associates for not actively, reasonably and properly supervising Keith Michael Rogers while he was employed there. They had a duty to do so, and, because they did not, can be liable for any financial losses you may have suffered at the hands of Keith Michael Rogers. Please call our securities law firm at 312-332-4200 to speak to one of our attorneys about your options. We take cases on a contingency fee basis and the call is free with no obligation.


The posting on this site are mere OPINIONS and NOT statements of fact in any way whatsoever. The information should not be relied upon and there have been no findings made against the firms or individuals referenced on this site. In addition, this Blog is made available for educational purposes only and incorporates information from the web as well as to give you general information and a general understanding of the law, not to provide specific legal advice. By using this blog site you understand that there is no attorney client relationship between you and Stoltmann Law Offices (161 N Clark Street 16th Floor Chicago, IL 60601). The Blog opinions should not be used as a substitute for competent legal advice from a licensed professional attorney in your state.


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