Did you lose money investing with Cetera Investment Services LLC broker Roger Turcotte (CRD# 1180997)? He has been registered with Cetera Investment Services LLC in Tampa, Florida, since 2019, and Cetera Investment Advisers LLC in Tampa, Florida, since 2022. He was registered with Foresters Financial Services, Inc. in Tampa, Florida, from 1983 to 2019.
In September 2024, FINRA sanctioned him to pay a $10,000 civil and administrative penalty and fine and suspended him for two months after he “consented to the sanctions and to the entry of findings that he caused his member firm to make and preserve inaccurate books and records by mismarking as unsolicited order tickets for equity transactions that he recommended to his customers. The findings stated that four of the transactions Turcotte mismarked as unsolicited involved solicited purchases of low-priced OTC securities. However, the firm prohibited representatives from recommending such securities to their customers. Turcotte received $3,696.97 in commissions for these four transactions which, had he marked them accurately, would have been cancelled.”
Roger Turcotte Customer Complaints
He has been the subject of two customer complaints between 2025 and 2026, one of which was closed without action, according to his CRD report:
March 2026. “Claimant alleges unsuitable investment recommendations.” The customer is seeking $350,000 in damages, and the case is currently pending. The complaint was regarding real estate security losses, master limited partnerships (MLPs), and business development companies (BDCs), and it took place while he was registered with Cetera Investment Services LLC.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Cetera Investment Services LLC may be liable for investment or other losses suffered by Roger Turcotte’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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