Last Updated: February 2024 (Cornelius, North Carolina)
Walter Shoczolek Investigation Summary
Here’s what you need to know about Cornelius, North Carolina, stockbroker Walter Shoczolek:
- Name: Mr. Walter Paul Shoczolek III
- Current Employer: Sigma Financial Corp.
- DBA: PGS Capital Management, PGS Accountants and Advisors
- Previous Firms: Avantax Investment Services, MML Investors Services
- Function: Stock Broker/ Financial Advisor
- Aliases: Walter Shoczolek
- Primary Location: Cornelius, NC
- CRD 4488009
- Can Walter Shoczolek be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Highest Settlement or Award: $30,423
- Pending Customer Dispute Seeks Damages of $500,000
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Walter Shoczolek As Your Stockbroker?
A customer of Avantax Investment Services filed a FINRA arbitration in 9/2023 alleging that Walter Shoczolek liquidated her account without her authorization and made unsuitable investment recommendations causing losses of $500,000. This matter is currently pending.
In 2020 a customer of Avantax Investment Services was paid $30,423 to resolve allegations that Shoczolek made investments in the customer’s account without her knowledge.
Firms Have a Duty to Supervise their Financial Advisors (FINRA Rules 3110 & 2090). Brokers and their firms have a duty to comply with the FINRA suitability rule which requires that they have a reasonable basis to believe that a recommendation is suitable for the customer.
Allegations of Broker Misconduct Against Walter Shoczolek
Customers of Walter Shoczolek have alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendations
- Unauthorized Trading
» Other Cases Involving Unauthorized Trading
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
Recover Your Investment Losses Now With Rex Securities Law
» See this for information on our other investigations involving Avantax brokers.
If you have suffered investment losses in an account handled by Walter Shoczolek, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors and broker dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.