According to FINRA’s Disciplinary Database, George Cairnes of Wells Fargo in Houston, TX was named in a FINRA Enforcement action.  FINRA alleged that Cairnes engaged in an undisclosed outside business activity with a customer of Wells Fargo without providing prior notice to his firm.  In particular, Cairnes was alleged to have partnered with a firm customer to identify, buy, manage, and sell real estate and even incorporated an LLC to engage in this conduct. To settle these allegations, Cairnes agreed to a four-month suspension and a $2,500 fine.

If you suffered investment losses with Cairnes, you may be able to recover your losses. Contact the securities and investment fraud law firm at 720-599-3505 or 206-795-5798 for more information.

Background on George Cairnes

George Cairnes had been a representative of Wells Fargo between April 2009 to July 2023.  He worked at a Houston, Texas office.  Cairnes was also the subject of three customer complaints, including an April 2023 complaint in which a customer alleged that “she set up a line of credit to loan money to [Cairnes], his family members and his friends, and a portion of which has not been repaid, resulting in her line of credit having an outstanding balance”.   Two months later, Wells Fargo discharged Cairnes.

Cairnes has also been the subject of an investigation by the Texas Securities Board.

Can I Recover Investment Losses?

Texas investors have the right to pursue claims through FINRA arbitration, a legal forum designed to help recover funds lost due to broker misconduct or unsuitable investment recommendations.

George Cairnes may be individually liable for misrepresentation, unsuitable advice, or breach of fiduciary duty. However, Wells Fargo may also bear responsibility if they failed to properly supervise Cairnes or ignored warning signs.

We Represent Investors in Houston and Across Texas

At Israels & Neuman, we have helped thousands of investors nationwide recover money lost to financial advisor misconduct and represent investors throughout Texas. Our attorneys have extensive experience handling claims involving Wells Fargo.

Find Cairnes’s FINRA AWC here

Find Cairnes’s BrokerCheck report here

Free Case Review — Speak to a Securities Fraud Attorney Today

If you invested with George Cairnes, contact us . We always offer Free and confidential Consultations. If we take your case, we do so on a contingency fee basis—which means there are no attorney fees unless we recover money for you!

(720) 599-3505 or (720) 599-3505

FINRA’s BrokerCheck discloses that Todd Roggen has been the subject of eight customer complaints, one of which was made in 2025. The 2025 complaint alleges that Roggen recommended two private placement investments between 2021 and 2025.  There are also allegations that the investments were unsuitable for the client and led to financial losses of at least $5,000.  At least one of the investments was related to real estate.

Todd Roggen’s History in the Securities Industry

Todd Roggen was licensed with Raymond James between 2010 and November 2024, working out of the firm’s Houston, Texas branch. Since then, Roggen has been affiliated and is a “managing director” with a company called OneSeven, which is a registered investment advisory (RIA) firm.

In addition to the 2025 complaint, Roggen has been the subject of seven other customer complaints.  The customers in those seven cases either settled or were awarded a combined $680,000. 

Did Raymond James Properly Supervise Todd Roggen?

Brokerage firms like Raymond James must supervise the actions of their registered representatives, especially if the advisor has several past customer complaints.  Only a small percentage of licensed financial advisors have as many complaints as Todd Roggen. When a financial advisor allegedly engages in misconduct—such as mismanaging accounts or making unsuitable investment recommendations—the brokerage firm that employs them may also be held liable for failing to adequately supervise their conduct.

In the securities industry, this is known as “failure to supervise,” and it plays a crucial role in many investor recovery cases. FINRA Rule 3110 requires brokerage firms to establish and maintain a system to monitor the activities of their financial advisors.  Firms are required to consider certain factors when supervising a financial advisor, including the types of investments that the advisor is selling, as well as the complaint history of the broker.

At Israels & Neuman, we frequently represent clients in failure to supervise cases involving firms that allowed inappropriate conduct to continue unchecked.

How Israels & Neuman Can Help You Recover Money

Our firm has recovered millions of dollars for wronged investors across the country. We have brought claims against a wide range of brokerage firms.

We offer free case evaluations, and if we take your case, we do so on a contingency fee basis—which means there are no attorney fees unless we recover money for you.

Contact Us for a Free Consultation

If you lost money investing with Todd Roggen or Raymond James, you may be entitled to compensation.

Call us at (720) 599-3505 or (206) 795-5798 or
Visit our website to learn more and schedule your free consultation.

FINRA alleged that VALIC Financial Advisors failed to adequately supervise rates of variable annuity exchanges and for corrective action in the case of inappropriate exchanges. FINRA also alleged that the firm failed to review transactions where customers added additional funds to an existing variable annuity. Finally, it was alleged that there were failures to timely report 174 customer complaints. To settle these allegations, a $350,000 fine was imposed.

Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Seattle, Washington; Ann Arbor, Michigan; and Phoenix, Arizona. We represent investors in FINRA arbitration proceedings in all 50 states. Our attorneys have recovered millions of dollars for investors against many brokerage firms in the past.

If you lost money with VALIC Financial Advisors, contact the law firm of ISRAELS & NEUMAN at (616) 280-4303 or (206) 795-5798 for a Free evaluation of your case.