Last Updated: September 2023 (Tifton, GA)
Jay D. Schurz Investigation Summary
Here’s what you need to know about Linton, Indiana, financial advisor Jay D. Schurz:
- Name: Mr. Jay Dee Schurz
- Current Employer: Not Currently Registered as a FINRA broker, Kingdom Global Advisory Group, Schurz Wealth Managementt
- Previous Firms: Vanderbilt Securities, MWA Financial Services, ING Financial Partners, Centaurus Financial, Brokersxpress LLC, J.P. Turner & Co., Locust Street Securities
- Function: Stock Broker/ Financial Advisor
- Aliases: None
- Primary Location: Linton, Indiana, Bonita Springs, FL
- CRD 2839216
- Can Jay D. Schurz be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Discloses Customer Dispute: Yes
- Discloses Recent Bankruptcy Filing: Yes
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Jay D. Schurz As Your Stockbroker?
In 2/2021 a customer of MWA Financial complained to the company that Jay D. Schurz mismanaged their account by failing to advise them of the risks associated with high yield exchange traded funds (ETFs). The customers allege that Shurz did not advise them of his bankruptcy filing and IRS tax liens, and sough damages of $100,000.
The company responded saying that the claim was ‘denied’ and advising the customer that they could have learned of Schurz’s bankruptcy and IRS tax liens by reviewing the public records. Apparently at this time these customers have not pursued this matter further after receiving the company’s predictable conclusion that this is not their fault.
Allegations of Broker Misconduct Against Jay D. Schurz
A customer of Jay D. Schurz has alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendation to invest In ETFs
- Failure to advise of risks associated with ETFs
A customer of Jay D. Schurz has alleged the following wrongdoing by his employer MWA Financial Services in connection with the handling of customer accounts:
- Failure to Supervise
- Failure to advise that financial advisor had IRS tax liens and a bankruptcy filing
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.
Has Your Brokerage Firm “Denied” Your Claim for Damages Due to Stockbroker Malpractice?
It is quite common, as well as predictable, for brokerage firms to deny a customer’s complaint made directly to the company. Firms know that in many, if not most, instances telling the customer “we don’t think it’s our fault” will be an end to the problem. In other words, it’s generally a waste of your time to sit down with the office manager & the broker.
They seldom, if ever, offer any resolution or if they do, will attempt to have you resolve your case for a fraction of what it is actually worth.
We suggest that if you think there is a problem with the way your account has been handled, or if you have had your claim “denied”, talk to an experienced securities attorney.
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by Jay D. Schurz, contact us for a complimentary consultation with an experience 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.
