Daniel Michael Roper

07/17/2025: From October 2020 through January 2022, Roper engaged in various types of misconduct in connection with a profit-sharing agreement with a Schwab customer. Roper violated FINRA Rules 2150(c) and 2010 by directing the trades in the customer's account for a share of the customer's profits without receiving written authorization from Schwab or the customer. He also violated FINRA Rules 3260(b) and 2010 by exercising discretion in the customer's account in connection with more than 20,300 trades without receiving written authorization from the customer or Schwab accepting the account as discretionary. In addition, Roper violated FINRA Rules 4511 and 2010 by using unapproved communication channels to conceal his conduct. For these violations, Roper is suspended in all capacities for two years, fined $15,000, ordered to pay $80,747 plus interest in disgorgement, and required to requalify by examination before registering as a General Securities Representative...

Reference 2023079598001data-portal.finra.orgfinra.org