Last Updated: February 2026 — Dallas, TX
Here’s what you need to know about Dallas, TX stockbroker John Schiro:
- Name: John Zingale Schiro
- Alias: John Schiro
- Current Employer: Raymond James & Associates, Inc., 200 Crescent Court, Suite 500, Dallas, TX 75201 (registered since January 23, 2026)
- Prior Firms:
- Wealth Enhancement Brokerage Services, LLC (09/2023–01/2026)
- Wealth Enhancement Advisory Services, LLC (09/2023–01/2026)
- J.P. Morgan Securities LLC (08/2022–09/2023)
- Lincoln Financial Distributors, Inc. (09/2019–06/2022)
- Russell Investments Financial Services, LLC (07/2013–09/2019)
- Morgan Stanley (10/2011–07/2013)
- U.S. Bancorp Investments, Inc. (09/2010–10/2011)
- Other Business Affiliations: Wealth Enhancement Group
- CRD number: 5828193
- Stockbroker / Financial Advisor. Registered FINRA representative and investment adviser representative.
- Can Broker be Sued in FINRA: Yes
- Discharged by a Prior Employer: Yes
- Current Customer Dispute Seeks Total Damages of: $225,000
If you’ve sustained damages from Mr. Schiro, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With John Schiro As Your Stockbroker?
John Schiro discloses a pending customer complaint and a related employment separation event:
- December 2025 – Pending Written Complaint. While associated with Wealth Enhancement Advisory Services, the firm received a written customer complaint alleging various claims, including unsuitable investments involving options trading. The client alleges $225,000 in damages. The complaint is currently pending.
- Employment Separation – Wealth Enhancement Advisory Services reported that Mr. Schiro was “permitted to resign” while under internal review related to a customer complaint involving options.
What is Option Trading?
According to the U.S. Securities and Exchange Commission (SEC) “Options are contracts giving the purchaser the right to buy or sell a security, such as stocks, at a fixed price within a specific period of time.”
This right to purchase or right to sell at a set price for a set period of time allows investors to potentially profit not only from the rise in price, but also the decline. Call options grant the investor the right to buy a security at a set price for a set period of time. Put options give the investor the right to sell a security a set price for a set period of time.
Because options strategies can involve leverage, volatility risk, and the potential for rapid losses, brokers recommending such products must also comply with SEC Regulation Best Interest (Rule 15l-1) when dealing with retail customers.
Allegations of Broker Misconduct Against John Z. Schiro
Unsuitability
Structured Products
Sometimes referred to as market-linked investments, Structured Products are pre-packaged investments whose performance is linked to an underlying asset, product or index (a single security, basket of securities, options, indices, commodities, debt issuance, foreign currencies or derivatives). .
Recover Your Investment Losses from John Schiro Now With Rex Securities Law
If you have suffered investment losses in an account handled by John Schiro, 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.
Nationwide Representation
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