Last Updated: June 2026 — McKinney, TX
Here’s what you need to know about McKinney, Texas stockbroker Rainey Rogers:
- Name: Rainey Steven Rogers Sr.
- Current Employer: Kestra Investment Services, LLC (broker) and Kestra Advisory Services, LLC (investment adviser representative)- since 2/2022
- Prior Firms:
- Principal Securities, Inc. (1988–2022)
- Principal Life Insurance Company (insurance affiliate)
- Other Business Affiliations:
- Group Insurance – sells health insurance
- Outside Insurance – sells fixed life insurance, fixed annuities, health insurance, disability insurance, and long-term care insurance
- McKinney Wealth Management
- Rainey Rogers LinkedIn Profile
- CRD Number: 1839823
- Stockbroker / Financial Advisor: Yes
- Can Broker be Sued in FINRA Arbitration: Yes
- Sanctioned by Securities Regulators: No
- Highest Award or Settlement: $405,000
If you’ve sustained damages from Mr. Rogers, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Rainey Rogers As Your Stockbroker?
Mr. Rogers has been the subject of several customer disputes during his securities career, including allegations involving unsuitable investment recommendations, variable annuities, and private placement investments. According to his BrokerCheck report, there are no currently pending customer disputes, but several prior matters have resulted in settlements.
- June 2023: A guardian for a customer alleged that additional premiums invested into a variable annuity during 2021 were unsuitable considering the client’s age. The matter settled on November 4, 2025 for $44,138.
- April 2015: Customers alleged they received incorrect information concerning a variable annuity originally purchased from another advisor. The complaint settled on May 16, 2016 for $64,000.
- September 2002 – Dallas County, Texas (Case No. 0208480): Investors alleged they were solicited into unsuitable private placement investments involving stock. The civil litigation settled in January 2005 for $405,000, of which Mr. Rogers personally contributed $30,000.
Allegations of Broker Misconduct Against Rainey S. Rogers Sr.
The customer complaints have included allegations of:
- Unsuitable investment recommendations, including recommendations involving variable annuities. Such allegations often implicate FINRA Rule 2111 (Suitability), which requires brokers to have a reasonable basis for recommendations consistent with a customer’s investment profile.
- Unsuitable private placement recommendations, alleging investments were inappropriate for the customer’s objectives and risk tolerance.
- Misrepresentation or providing inaccurate information regarding annuity features and benefits, conduct that may implicate FINRA Rule 2010, requiring high standards of commercial honor and just and equitable principles of trade.
- Failure to adequately disclose investment risks associated with recommended securities.
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by Rainey Steven Rogers Sr., contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL, and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors, and broker-dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis, meaning that you do not pay legal fees unless we are successful.