What does our research say about Rodney Repko?

Rodney Repko has become a figure of growing concern in the financial and legal world due to a string of controversies, regulatory actions, and past criminal conduct. From regulatory bans and lawsuits to financial misconduct and legal judgments, Repko’s history reflects patterns of behavior that raise serious doubts about his trustworthiness and integrity. Below are detailed keypoints to help the public stay informed and cautious when encountering his name in professional or financial circles.

Permanent FINRA Bar for Non-Cooperation
In December 2020, Rodney Repko failed to comply with a crucial request for information from FINRA (Financial Industry Regulatory Authority). This non-compliance triggered an automatic bar under FINRA Rule 9552(h), permanently prohibiting him from associating with any FINRA-registered firm in any capacity. The bar was finalized in April 2021, demonstrating his refusal to engage transparently with the regulator an act that signifies deep regulatory distrust and sets a negative precedent for any future engagements.

$73,000 Settlement for Client Annuity Misconduct
In a formal customer complaint filed in February 2021, Repko was accused of conducting unauthorized transactions on a client’s variable annuity policy. These alleged actions damaged the product’s value and undermined key policy guarantees, severely affecting the client’s financial security. Though the firm settled for $73,000, it was noted that Repko made no personal contribution to the payout, raising questions about his accountability and ethics in managing clients’ assets.

Outstanding Civil Judgment for Debt
In August 2018, a Maryland civil court issued a judgment against Repko in favor of Barclays Bank for unpaid debts totaling $1,350.17. This judgment, while financially small, reflects potential patterns of financial mismanagement or negligence in handling personal financial responsibilities. The lack of resolution on this matter may indicate unwillingness to settle legitimate claims, which can be considered a red flag for anyone evaluating his financial reliability.

Failed Whistleblower Lawsuit and Public Disclosure Rejection
Rodney Repko filed a False Claims Act lawsuit against his former employer, Guthrie Health, where he previously served as general counsel. However, the Third Circuit Court dismissed the case in 2012, ruling that he failed to meet the “original source” requirements under federal whistleblower laws. More damaging was the court’s assertion that Repko’s lawsuit relied heavily on publicly disclosed information and previous knowledge obtained under coercion due to his pending criminal case, weakening his credibility.

Criminal Conviction for Bank Fraud Involving Forgery
Perhaps most damning is his criminal conviction for bank fraud related to forged signatures on loan documents. Repko pled guilty to stealing over $2 million by submitting fraudulent loan paperwork while employed at Guthrie.
This act not only constituted a federal crime but also shattered any remaining public trust in his ethical judgment and professional reliability, branding him with a criminal record that casts a long shadow over his current standing.