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Roger Waite Barred After Allegedly Failing to Cooperate with FINRA Investigation

Roger Waite (CRD #: 2848213), a broker formerly registered with LPL Financial, has been barred by FINRA, according to his BrokerCheck record, accessed on February 10, 2022. 

This bar stems from allegations that Roger Waite refused to provide documents and information requested by FINRA in connection with its investigation into a matter that originated from a tip to FINRA. The findings state that although he initially cooperated with FINRA’s investigation, he ceased doing so. By refusing to produce the documents and information requested pursuant to FINRA Rule 8210, Roger Waite violated FINRA Rules 8210 and 2010.

FINRA Rule 8210 requires that registered brokers supply FINRA staff with all information and documents requested in the course of an investigation. A violation of FINRA Rule 8210 is also a violation of FINRA Rule 2010, which requires member firms and their associated persons to “observe high standards of commercial honor and just and equitable principles of trade.”

You can read a copy of the bar Acceptance, Waiver, and Consent agreement here

Employment Termination

On October 12, 2020, Roger Waite was fired from his position at LPL Financial after allegedly paying brokerage commissions to an unregistered person.

Background Information

Roger Waite has passed the following exams:  

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

Besides LPL Financial, Roger Waite has also worked with Edward Jones (CRD#:250) and Merrill Lynch, Pierce, Fenner & Smith Incorporated (CRD#:7691).

Kurta Law Can Help

If you have been victimized after working with Roger Waite, don’t hesitate to contact us today at 877-600-0098 or 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.