Richard William Rokala Jr. of Minneapolis Minnesota a stockbroker formerly registered with Dougherty Company LLC is the subject of a customer initiated investment related arbitration claim which was resolved for $45,000.00 in damages based upon allegations that (1) the customer’s account was administered negligently (2) unauthorized trades were executed by the stockbroker (3) stock and bond purchases were unsuitable (4) the customer’s account was churned and (5) Dougherty Company failed to supervise the trades Rokala placed in the customer’s account which led the customer to experience unwarranted losses. Financial Industry Regulatory Authority (FINRA) Arbitration No. 19-00828 (Aug. 21, 2019).

This is not the first time that Rokala has been subject of a dispute from a Dougherty Company customer for trading misconduct. FINRA Public Disclosure confirms that a customer initiated investment related arbitration claim regarding Rokala’s conduct was settled for $55,000.00 in damages supported by accusations that unfounded statements had been made concerning the terms, conditions, risks or performance of municipal debt products purchased for the customer’s account; and an investment strategy utilized by Rokala failed to be appropriate and caused the customer to

Rokala’s employment with Dougherty Company has been terminated as of August 14, 2017. Since July 19, 2017, Rokala has been employed by The Oak Ridge Financial Services Group Inc.

The information contained herein has been obtained from reliable sources however may not be accurate and is not guaranteed by us. Readers are encouraged to undertake their own independent investigation and evaluation of the relevant facts. All claims and allegations are subject to adjudication, decisions may be subject to appeal, and no inference is intended, nor should any inference be made from any information contained herein from any source.

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Guiliano Law Group, P.C.

Our practice is limited to the representation of investors. Over the last three decades, we have recovered more than a hundred million dollars for more than 1,000 injured investors from all over the United States and several foreign countries. We accept representation purely on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a confidential consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.

For more information concerning common claims against stockbrokers and investment professionals, please visit us at stockbrokerfraud.com

To learn more about FINRA Securities Arbitration, and the legal process, please visit us at securitiesarbitrations.com

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