Chad M. Rogers, a former General Securities Representative (GSR) of IFP Securities LLC, has agreed to a fine and suspension, as a part of a settlement with the Financial Industry Regulatory Authority (FINRA).

Rogers became registered as a GSR and IR through an association with FINRA member IFP Securities LLC in June 2022.

On September 15, 2023, IFP filed a notice for Rogers disclosing his termination after the firm was notified by a third party that Rogers impersonated clients with personal information via phone call.

Although Rogers is not currently associated with a FINRA member, he remains subject to FINRA’s jurisdiction.

Between August 2022 and June 2023, while associated with IFP, Rogers impersonated 14 customers on 22 telephone calls to his prior firm. Rogers impersonated the customers to facilitate the transfer of their accounts to IFP or, in some instances, to transfer funds to their bank accounts.

Although the customers consented to transferring their accounts or funds, none of the customers gave Rogers permission to impersonate them during these calls.

Therefore, Rogers violated FINRA Rule 2010.

Rogers consented to the following sanctions:

• a 45-day suspension from associating with any FlNRA member in all capacities, and
• a $5,000 fine.