Edward Keith Roos— Outside Business Activity

investors rights attorneysEdward Keith Roos Allegedly Engaged in Outside Business Activity

Edward Keith Roos, who was registerd at LPL Financial, allegedly engaged in outside business activity, according to a FINRA Letter of Acceptance, Waiver and Consent (AWC) currently under review by attorneys Alan Rosca and Joe Peiffer.

Edward Keith Roos, from at least April 2009 through April 2014, allegedly engaged in an outside business activity called RFG Payment Advances without providing written notice to, or obtaining the requisite approval from LPL, the AWC notes.

The Peiffer Rosca Wolf securities rights lawyers are currently investigating Edward Keith Roos and his alleged outside business activity. RFG Payment Advances is his wife’s law-suit loan business, in which Roos allegedly received correspondence on behalf of RFG, negotiated on behalf of RFG, and both wrote checks and had check writing authority for and on behalf of RFG, the AWC notes.

Edward Keith Roos Suspended and Fined $10,000

Edward Keith Roos, during December 2013 and January 2014, allegedly also participated in another undisclosed and unapproved outside business activity called 1617 Santa Barbara, according to a FINRA Letter of Acceptance, Waiver and Consent (AWC) currently under review by attorneys Alan Rosca and Joe Peiffer.

By virtue of the aforementioned conduct, Roos allegedly violated NASD Rules and FlNRA Rules, and was suspended by FINRA and fined $10,000, the AWC notes. 1617 Santa Barbara is a Florida corporation incorporated on December 3, 2012, with Roos allegedly serving as both Manager and Registered Agent, the AWC notes.

It should also be noted that Roos accepted and consented, without admitting or denying the FINRA findings solely for the purposes of the FINRA proceeding and any other proceeding brought by or on behalf of FINRA, according to the AWC.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of alleged undisclosed outside business activity. They are currently investigating Edward Keith Roos and his alleged outside business activity. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of alleged undisclosed outside business activity may contact the investment rights lawyers at Peiffer Rosca Wolf, Alan Rosca or Joe Peiffer, for a free no-obligation evaluation of their recovery options, at 888-998-0520.

Alan Rosca (1159 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.


In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.