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Rodger Sprouse Allegedly Recommended Unsuitable Investment

Aug 29, 2022 Unsuitable Investments

Rodger Sprouse (CRD #: 5483578), a broker registered with Titan Securities, is the subject of a pending investor dispute, according to his BrokerCheck record, accessed on August 14, 2022. Read on if you have questions about his conduct as a broker.

Investor Disputes

On May 16, 2022, an investor alleged that Rodger Sprouse made an unsuitable investment recommendation. The client seeks $50,000 in this pending dispute.

In a dispute filed on February 20, 2019, an investor alleged that they purchased a structured cash flow product on January 3, 2018, from Future Income Payments, a business Rodger Sprouse participated in outside his firm, Titan Securities. The client sought $210,000 and received a settlement of $158,000.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to recommend securities that sufficiently suit an investor’s financial goals. Brokers must consult the information contained in an investor’s profile, such as their age, risk tolerance, and other investments when making recommendations.

Investors who rely on brokers for investment recommendations may be able to recover their funds by seeking out FINRA arbitration.

What are structured products?

Structured products are a kind of complex investment consisting of a bond and a derivative component. Structured notes pay out depending on the performance of this derivative component—which may be equity indexes, commodities, interest rates, or some other underlying asset.

The complexity of structured products means it is easy for investors to be misled about how they work or what returns investors should expect.

Background Information

Rodger Sprouse has passed the following exams:

  • Series 63 – Uniform Securities Agent State Law Examination
  • Series 65 – Uniform Investment Adviser Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination

Rodger Sprouse is a registered broker in 15 states and a registered investment adviser in Kansas and Missouri.

He has also worked for the following firms:

  • Evolve Investment Advisors (CRD#:131714)
  • Evolve Securities (CRD#:127474)
  • Stonehurst Securities (CRD#:138218)
  • Envision Investment Advisors (CRD#:143667)

Kurta Law Can Help

If you worked with Rodger Sprouse and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com 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.