Roger Turcotte: Cetera Advisor Faced Unauthorized Trading Complaint

A recent, closed investor complaint against Tampa, Florida financial advisor Roger Turcotte (CRD# 1180997) alleged that he made unauthorized trades. Financial Industry Regulatory Authority records show that he is registered as a broker and an investment advisor with Cetera Investment Services and Cetera Investment Advisors, respectively.

Mr. Turcotte’s BrokerCheck report discloses one investor complaint. Filed in July 2025, it alleged that as a representative of Cetera Investment Services, he engaged in unauthorized trading in connection with stock products. The complaint alleged unspecified damages and was closed with no action taken.

A second disclosure on his BrokerCheck report concerns a FINRA disciplinary action against him. Filed in September 2024, the action arose out of allegations that he “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.” According to FINRA’s findings, he allegedly mismarked four transactions as unsolicited when in fact they involved “solicited purchases of low-priced OTC securities.” As FINRA’s findings explain, “firm prohibited representatives from recommending such securities to their customers.” The alleged trades generated more than $3,000 in commissions for Mr. Turcotte, according to the findings, which state that “had he marked them accurately, would have been cancelled.” FINRA consequently suspended him for two months and imposed a fine of $10,000.

According to the Financial Industry Regulatory Authority, Roger Turcotte holds 42 years of securities industry experience. Based in Tampa, Florida, he has been registered as a broker with Cetera Investment Services since 2019 and an investment advisor with Cetera Investment Advisors since 2022. He was previously registered with Foresters Financial Services in Tampa, Florida from 1983 until 2019. His credentials include the passage of six securities industry qualifying exams: the Securities Industry Essentials Examination, or SIE; the General Securities Representative Examination, or Series 7; the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the Uniform Combined State Law Examination, or Series 66; the Uniform Securities Agent State Law Examination, or Series 63; and the Investment Company Products/Variable Contracts Principal Examination, or Series 26. He holds 21 state licenses. (Information current as of October 20, 2025.)

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