December 15, 2019 Comments Off on James R. Schaedler, Jr. Broker Investigation Blog, Current Investigations, Securities Fraud

James R. Schaedler, Jr. Broker Investigation

James R. Schaedler Jr. Broker Investigation, featured by Top Securities Fraud Attorneys, The White Law Group

Financial Advisor James R. Schaedler, Jr., Wells Fargo in Anaheim, CA

Are you concerned about investments with James R. Schaedler, Jr. in Anaheim, CA? If so, the securities attorneys at The White Law Group may be able to help you by filing a FINRA Dispute Resolution claim.

According to public records on FINRA’s website, the regulator reportedly barred Schaedler from working in the securities industry after he allegedly refused to produce information and documents requested by FINRA during the course of an investigation into allegations that “he exercised influence over a former elderly client, who ultimately amended her trust making him a partial beneficiary and the residual beneficiary of her $2.3 million dollar estate. The findings stated that the investigation was later expanded to include allegations that Schaedler also improperly received a $200,000 gift from a second elderly client.”

According to his FINRA BrokerCheck report, Schaedler was reportedly affiliated with Wells Fargo in Anaheim, CA for 7 years before he was reportedly discharged in 2017 after allegations that “the financial advisor’s daughter received funds via check from a client. The majority of those funds were subsequently received by the financial advisor.” Schaedler reportedly has one pending customer complaint filed against him in 2018 for allegations of  “misappropriation of funds,” according to FINRA. The damage amount reportedly requested is $964,872.2.

Investigating Potential Lawsuits

The White Law Group is investigating potential lawsuits regarding the liability that Schaedler’s employers may have for failure to properly supervise him.

When brokers violate securities laws, such as making unsuitable investments, the brokerage firm they are working with may be liable for investment losses through FINRA Arbitration.

Brokerage firms that fail to monitor the business activities of their employees may be liable for investment losses due to negligent supervision for the misconduct of their employees.

The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Franklin, Tennessee.

We represent investors in FINRA arbitration claims in all 50 states, including California. Our attorneys have recovered millions of dollars from many brokerage firms in the past.

If you are concerned about your investments with James R. Schaedler Jr., please call the securities fraud attorneys at The White Law Group at 888-637-5510 for a free consultation.

For more information on The White Law Group, and its representation of investors, please visit www.WhiteSecuritiesLaw.com.

 

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