July 10, 2015- Dallas, Texas
Joseph Charles Schroeder , entered into a Letter of Acceptance Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA) to resolve allegations that
- he violated NASD Rule 3040 and FINRA Rule 2010 by participating in private securities transactions
- he violated FINRA Rule 3240 by borrowing money from a client without the permission of his firm, and
- he violated additional FINRA rules by exercising discretion in a client account without written authority.
AWC No. 2013037981101
Schroeder was fined $20,000 and suspended for twelve months.
According to FINRA records, Schroeder was registered with Wunderlich Securities from 8/2008-8/2013.
Wunderlich Securities has been a FINRA member since 1984 and is headquartered in Memphis, Tennessee. It has over 400 brokers in about 60 branch offices nationwide. There are 16 regulatory events disclosed on the FINRA website for Wunderlich Securities including a $50,000 FINRA fine in October 2015 for supervisory failures related to the preparation of consolidated reports and the sales of nontraditional exchange traded funds (ETFs).
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
Florida-561 391 1900