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New Jersey Bureau of Securities Issues Eric Roark a Revocation Order Following a FINRA Suspension

Mar 8, 2022 FINRA Suspension

Eric Roark (CRD #: 4177967) was issued with a revocation order by the New Jersey Bureau of Securities, according to his BrokerCheck Record accessed on February 10, 2022. 

Revocation Details

On December 6, 2021, the New Jersey Bureau of Securities revoked Eric Roark’s license following his FINRA suspension. 

FINRA Suspension 

According to a complaint raised by FINRA on November 11, 2020, Eric Roark allegedly failed to comply with an arbitration award or settlement agreement or to satisfactorily respond to a FINRA request to provide information concerning the status of the arbitration's compliance. The arbitration award found Eric Roark liable for $27,862.63 plus interest, in addition to other costs. The suspension will continue until Eric Roark makes the required payment.

You can read a copy of the award here

Employment Termination 

On July 14, 2020, Ameriprise Financial fired Eric Roark after allegedly violating a company policy related to fixed income securities trading activity.

Tax Lien

On October 17, 2017, Eric Roark became the subject of a tax lien for $20,101.24. 

Denied Dispute

According to the allegations filed on April 2, 2018, Eric Roark failed to execute his client's sell order. The firm denied the dispute.

It is the duty of a broker to perform a customer's orders promptly in a manner best suited to serve the customer's best interest. Failure to execute a client's order violates FINRA Rule 2010, which requires all registered members to observe high standards of commercial honor and just principles in their business dealings. 

When a broker fails to follow your instruction and/or execute your order in a timely manner, you may be able to recover your investment losses resulting from the failure to follow your instructions.

Background Information

Eric Roark has passed the following exams:

  • Series 63 - Uniform Securities Agent State Law Examination
  • SIE - Securities Industry Essentials Examination
  • Series 7 - General Securities Representative Examination
  • Series 52 - Municipal Securities Representative Examination

He has worked with the following firms:

  • Ameriprise Financial Services (CRD#:6363)
  • Oppenheimer & Co. (CRD#:249)
  • BB&T Securities (CRD#:142785)
  • Scott & Stringfellow (CRD#:6255)
  • Bergen Capital (CRD#:46348) 

Kurta Law Can Help 

If you have been victimized by Eric Roark, don't hesitate to get in touch with us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors 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.