Former Customers Sue For More than $8.9M

Broker fraud lawyers at Shepherd Smith Edwards and Kantas are investigating claims against barred advisor Roger Roemmich following allegations of unsuitable investment recommendations and over $8.9M in losses. Impacted investors may still seek financial recovery through FINRA arbitration by filing claims against the broker-dealers responsible for supervising his conduct.

Shepherd Smith Edwards and Kantas Broker Fraud Lawyers (investorlawyers.com) are investigating claims of investor losses by former customers of barred broker Roger Allan Roemmich. Most recently an Alexander Capital registered representative, and before that with Dempsey Lord Smith and others, Roemmich was permanently barred by the Financial Industry Regulatory Authority (FINRA) in March 2026.

Why Are Roemmich’s Former Customers Suing For Financial Recovery?

Roger Roemmich’s BrokerCheck CRD lists five customer disputes, most of which are still pending:

• Allegations include unsuitable recommendations, unjust enrichment, misrepresentations and omissions, and more.
• These investors are collectively suing for more than $8.9M.

What Investors Should Know About Unsuitable Investment Recommendations:

Unsuitability is one of the most common reasons that customers end up suing their brokers.

Examples of when an investor lawsuit may involve a claim involving unsuitability include when their broker:

• Recommended an investment product that was too high-risk for an inexperienced, retail investor.
• Employed an aggressive investment strategy for a retiree whose priority was to preserve capital and not take on any risks to their savings.
• Overconcentrated a customer’s account with too many of the same investments.
• Neglected to conduct the necessary due diligence to ensure that their recommendation is appropriate for the customer given their financial goals or liquidity needs.

I’m a Former Customer of Roger Roemmich. Is It Too Late To File My Case For Financial Recovery?

Even if a broker is barred from the industry, an investor can still pursue damages for their portfolio losses. You may be able to sue the financial advisor’s broker-dealer over a failure to supervise.

Customers have six years from the alleged broker misconduct to file an investor recovery claim.

What Should I Do If I Have Grounds For an Unsuitability Lawsuit Against Former Broker Roger Roemmich or Another Financial Advisor?

• Hire a seasoned unsuitability lawyer to represent you and file your claim in FINRA arbitration.
• Gather all key documents regarding your investment, including any account statements.
• Keep a record of all communications with your financial advisor.
• Do NOT contact your financial advisor or their firm to try to resolve your concerns.

Why Hire Shepherd Smith Edwards and Kantas Broker Fraud Lawyers To Represent You?

When you retain our securities law firm, you are hiring everyone on our team to represent you:

• Savvy securities representation from unsuitability attorneys who have decades of experience winning cases for investors against brokers and investment advisers.
• Personalized attention that is customized to your unsuitability case.

Explore Whether You Have An Unsuitability Claim:

Call our Broker Fraud Lawyers at (800) 259-9010 or contact us online to request your free case consultation.