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Andy Rodgers Allegedly Mismanaged a Discretionary Account

Andy Rodgers (CRD #: 2277643), a broker registered with Raymond James Financial Services, was involved in a recent dispute, according to his BrokerCheck record, accessed on July 8, 2022. Investors may also have worked with Andy Rodgers through Raymond James Financial Services Advisors. If you want to learn more about Andy Rodgers’ conduct as a broker, keep reading.

Investor Dispute

On March 30, 2022, an investor alleged that Andy Rodgers mismanaged their discretionary account. The client sought $134,953 but the dispute was denied by the firm.

Investors should know, however, that firms can deny disputes without a third-party review. Investors can potentially recover their losses following a denial by pursuing FINRA arbitration.

FINRA Rule 3260

FINRA Rule 3260 governs how brokers can exercise their discretion in clients’ accounts. Discretionary accounts must be authorized by both the client and the firm, and they must be regularly reviewed by the firm to detect excessive trading.

Background Information

Andy Rodgers has passed the following exams:

  • Series 66 – Uniform Combined State Law Examination
  • Series 63 – Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination

Andy Rodgers is a registered broker in 16 states and a registered investment adviser in Texas and Washington.

He has also worked for the following firms:

  • brokersXpress (CRD#:127081)
  • Raymond James Financial Services Advisors (CRD#:149018)
  • Raymond James Financial Services (CRD#:6694)
  • AXA Advisors (CRD#:6627)
  • National Securities Corporation (CRD#:7569)
  • Suppes Securities (CRD#:13722)
  • Franklin-Lord (CRD#:6756)

Kurta Law Can Help

If you worked with Andy Rodgers and you have concerns about your investments, please contact us today at 877-600-0098 or for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.