Articles Tagged with Charles Schwab & Co.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Drake Beck (Beck), currently associated with Charles Schwab & Co., INC., has at least one disclosable event. These events include one customer complaint, alleging that Beck recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $17,000.00 on February 15, 2022.

The client alleges the representative did not explain the cost associated with selling bonds in a managed account.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Fordham (Fordham), currently associated with Charles Schwab & Co., INC., has at least one disclosable event. These events include one customer complaint, alleging that Fordham recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $150,000.00 on February 26, 2022.

The client alleges the representative misrepresented the risk of Nuveen Flexible Income fund.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Christian Zepeda (Zepeda), currently associated with Charles Schwab & Co., INC., has at least one disclosable event. These events include one customer complaint, alleging that Zepeda recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $11,039.66 on March 16, 2022.

The client alleges the representative recommended an investment strategy that was not in the client’s best interest.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Justin Sinnott (Sinnott), currently associated with Charles Schwab & Co., INC., has at least one disclosable event. These events include one customer complaint, alleging that Sinnott recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $12,256.00 on April 27, 2022.

The client alleges the representative recommended an investment strategy that was not in her best interest, which created an unexpected tax liability of $12,256.00.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Illari (Illari), currently associated with Charles Schwab & Co., INC., has at least one disclosable event. These events include one customer complaint, alleging that Illari recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint on June 06, 2022.

The client alleges the representative provided a poor recommendation when advising the client to enroll in the Wasmer Schroeder Short Duration Bond Investment Strategy.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Charles Reyes (Reyes), currently associated with Charles Schwab & Co., INC., has at least one disclosable event. These events include one customer complaint, alleging that Reyes recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $11,495.36 on June 26, 2022.

Client alleges poor recommendation/poor advice in August 2021, in connection with his account enrolled in Schwab Private Client.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Robert Barbuto (Barbuto), previously associated with Charles Schwab & Co., INC., has at least one disclosable event. These events include one customer complaint, alleging that Barbuto recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $54,531.13 on August 22, 2022.

Client alleges representative did not disclose fees associated with an advised offering and requested a refund of fees in the amount of $54,531.13.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Mary Murphy (Murphy), previously associated with Charles Schwab & Co., INC., has at least one disclosable event. These events include one customer complaint, alleging that Murphy recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $350,000.00 on December 23, 2022.

Client alleges the representative provided poor investment advice between approximately September 2021 and July 2022 which caused losses of approximately $350,000. Client also alleges that the representative offered to reimburse the Client’s losses through various means.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Bruce Freal (Freal), previously associated with Charles Schwab & Co., INC., has at least one disclosable event. These events include one customer complaint, alleging that Freal recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $617,500.00 on August 12, 2025.

Plaintiff alleges that Mr. Freal, while employed by the Firm, took advantage of a now deceased trustee by having her declared incompetent and had himself installed as successor trustee. After Freal left the Firm, he allegedly sold real estate valued at $617,500 and transferred funds to himself and others through accounts held at Schwab.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Elizabeth Ortiz (Ortiz), currently associated with Charles Schwab & Co., INC., has at least one disclosable event. These events include one customer complaint, alleging that Ortiz recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint on September 11, 2025.

The client, a former Schwab associate, alleges the representative engaged in frontrunning the his account.

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