Articles Tagged with Charles Schwab & Co.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Ronald Cappuccio (Cappuccio), currently associated with Charles Schwab & Co., INC., has at least one disclosable event. These events include one customer complaint, alleging that Cappuccio 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 $2,700,000.00 on May 09, 2024.

While working at Quantum and Co., clients allege that the solicitation of accounts were improper by allegedly misrepresenting material facts and omissions related to the purchase of unregistered pre-Initial Public Offering securities. This matter is a pending civil litigation.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Chad Faulkenberry (Faulkenberry), previously associated with Charles Schwab & Co., INC., has at least one disclosable event. These events include one customer complaint, alleging that Faulkenberry 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 $26,008.00 on May 29, 2024.

The client alleges starting in January 2022, the representative failed to provide any advice or recommendations which caused her to lose money.

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

FINRA BrokerCheck shows a pending customer complaint on June 11, 2024.

The client alleges in January and February 2024, the representative failed to follow instructions regarding his investment strategy.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Christopher Wright (Wright), currently associated with Charles Schwab & Co., INC., has at least one disclosable event. These events include one customer complaint, alleging that Wright 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 $5,700.00 on June 14, 2024.

On or about November 21, 2021, the representative recommended to invest cash in cash sweep account so money could be readily accessed. The client alleges this was a poor recommendation because the cash sweep account allegedly paid little to no interest.

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

FINRA BrokerCheck shows a pending customer complaint on July 09, 2024.

Claimants allege that in early 2022, they hired the financial advisor to manage their accounts and that they wanted “growth”. However, Claimants allege the financial advisor allowed a substantial amount of cash to remain uninvested or in cash equivalent investments rather than purchasing equities. As a result, Claimants allege they missed an opportunity to capitalize on the rising equity market.

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

FINRA BrokerCheck shows a pending customer complaint on July 09, 2024.

Claimants allege that in early 2022, they hired the financial consultant to manage their accounts and that they wanted “growth”. However, Claimants allege the financial consultant allowed a substantial amount of cash to remain uninvested or in cash equivalent investments rather than purchasing equities. As a result, Claimants allege they missed an opportunity to capitalize on the rising equity market.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Natalie Kotroba (Kotroba), currently associated with Charles Schwab & Co., INC., has at least one disclosable event. These events include one customer complaint, alleging that Kotroba 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 $26,008.00 on July 17, 2024.

The client alleges starting in January 2022, the manager failed to supervise her RR when he allegedly failed to provide investment advice or recommendations which caused her to lose money.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Thomas Williams (Williams), currently associated with Charles Schwab & Co., INC., has at least one disclosable event. These events include one customer complaint, alleging that Williams 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 $235,000.00 on January 28, 2025.

The client alleges in December 2024 that the representative provided false and misleading information concerning an option position. The client relied upon this information to trade in an effort to minimize losses that the client erroneously believed existed.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jeremiah Taylor (Taylor), currently associated with Charles Schwab & Co., INC., has at least one disclosable event. These events include one customer complaint, alleging that Taylor 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 $250,000.00 on January 30, 2025.

Starting in 2022,  the client alleges he received incorrect information regarding Roth 401k funds for rollover into a Roth IRA, allegedly causing unplanned tax liabilities, changes in future income planning due to additional taxes owed, and lost tax savings.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Omar Barakat (Barakat), previously associated with Charles Schwab & Co., Inc., has at least one disclosable event. These events include one customer complaint, alleging that Barakat 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 $92,485.00  on August 15, 2024.

The client alleges starting in August 2019, Omar Barakat improperly solicited and traded in his account for management fees.

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