James Robert Schaedler Jr. of Anaheim California a stockbroker formerly employed by Merrill Lynch Pierce Fenner Smith Inc. and Wells Fargo Clearing Services LLC is referenced in a customer initiated investment related arbitration claim in which the customer sought $964,872.23 in damages based upon accusations that funds provided to Schaedler for the customer’s mutual fund investments had been misappropriated during the time that the stockbroker was associated with Merrill Lynch. Financial Industry Regulatory Authority (FINRA) Arbitration No. 18-02197 (June 12, 2018).

FINRA Public Disclosure confirms that Schaedler has been barred from associating with any FINRA member in any capacity based upon findings that he hindered a FINRA investigation focused on allegations of his improper receipt of customer funds when he was associated with Wells Fargo. Letter of Acceptance Waiver Consent No. 2016048560401 (June 29, 2017).

According to the AWC, Schaedler was investigated by FINRA in 2016 after the regulator learned that Schaedler allegedly engaged in elder abuse or otherwise improperly influenced an elderly investor to make him a beneficiary of the customer’s estate valued at more than two million dollars. FINRA also sought to determine if Schaedler inappropriately steered the customer towards handing him $200,000.00. Schaedler denied FINRA’s request for his documentation and information relating to these allegations. He was barred for violating FINRA Rules 2010 and 8210.
Schaedler was discharged by Wells Fargo on January 10, 2017 based upon allegations of his misconduct involving a customer of the securities broker dealer.

The information contained herein has been obtained from reliable sources however may not be accurate and is not guaranteed by us. Readers are encouraged to undertake their own independent investigation and evaluation of the relevant facts. All claims and allegations are subject to adjudication, decisions may be subject to appeal, and no inference is intended, nor should any inference be made from any information contained herein from any source.

Questions or comments regarding the source or accuracy of any information, including any subsequent developments, should be directed to:  [email protected]

This posting and the information on our website is for general information purposes only. This content should be not considered legal advice, and any responses, comments, e-mails, other communications do not form any attorney client relationship. Attorney Advertisement. See Important Disclaimer.

Guiliano Law Group, P.C.

Our practice is limited to the representation of investors. Over the last three decades, we have recovered more than a hundred million dollars for more than 1,000 injured investors from all over the United States and several foreign countries. We accept representation purely on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a confidential consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.

For more information concerning common claims against stockbrokers and investment professionals, please visit us at stockbrokerfraud.com

To learn more about FINRA Securities Arbitration, and the legal process, please visit us at securitiesarbitrations.com

Stockbroker Fraud. Securities Arbitration and Investment Fraud Lawyers.  
National Practice. Contingent Fee. Confidential Free Consultation.

 (877) SEC-ATTY

1700 Market Street, Suite 1005
Philadelphia, PA 19103
Direct: (215) 413-8223
Toll Free: (877) 732-2889

1260 South Soto Street, Suite 7
Los Angeles, California 90023
Direct: (213) 255-3475
Toll Free: (877) 732-2889

2750 NE 185th Street, Suite 302
Aventura, Florida 33180-2877
Direct: (786) 490-2413
Toll Free: (877) 732-2889

See Important Disclaimer

Tags: , ,

No comments yet.

Leave a Reply

Name (required)

Email (will not be published) (required)