Investor Alleges Theodore Roman Made Misrepresentations

Theodore Roman (CRD #: 1213050), a broker registered with Merrill Lynch, Pierce, Fenner & Smith, is involved in a pending dispute, according to his BrokerCheck record, accessed on September 20, 2025. Read on if you want to know more about his alleged conduct as a broker.

Investor Dispute

On June 3, 2025, an investor alleged that Theodore Roman made misrepresentations and violated the suitability rule. The client seeks $972,498 in this pending dispute.

FINRA Rule 2020

FINRA Rule 2020 forbids the use of deceptive, manipulative, and otherwise fraudulent methods to influence the purchase and sale of securities. Misrepresenting an investment’s features, fees, risks, or potential returns violates this rule.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to recommend securities that suit an investor’s financial goals. Brokers must consult the investor’s profile, which describes their investing experience, tax status, age, risk tolerance, and other information.

Investors who rely on brokers for recommendations may be able to recover their losses by pursuing FINRA arbitration.

Background Information

Theodore Roman has passed the following exams:

• Securities Industry Essentials Examination – SIE
• National Commodity Futures Examination – Series 3
• General Securities Representative Examination – Series 7
• Uniform Investment Adviser Law Examination – Series 65
• Uniform Securities Agent State Law Examination – Series 63

Theodore Roman is a registered broker in 13 states and a registered investment adviser in Connecticut and Texas.

He has also worked for the following firms:

• Wright Private Asset Management (CRD#:139570) 
• Wright Investors Service (CRD#:106302)
• Wright Investors’ Service Distributors (CRD#:13645) 
• J.P. Morgan Securities (CRD#:79) 
• J.P. Morgan Clearing Corporation (CRD#:28432) 
• Institutional Direct (CRD#:23019)
• Lehman Brothers (CRD#:7506)
• CS First Boston Corporation (CRD#:816)
• Nomura Securities International (CRD#:4297)
• Goldman, Sachs & Company (CRD#:361) 

Kurta Law Can Help

If you worked with Theodore Roman 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 that 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.