Last Updated: January 2024 (San Francisco, CA)
Sam Schoner Investigation Summary
Here’s what you need to know about San Francisco, CA, stockbroker Sam Schoner:
- Name: Mr. Sam Carl Schoner
- Current Employer: J.P. Morgan Securities, J. P. Morgan Private Wealth Advisors (RIA)
- Previous Firms: First Republic Securities Co., Merrill Lynch Pierce Fenner & Smith
- Function: Stock Broker/ Financial Advisor/ Registered Investment Advisor
- Aliases: Sam Schoner
- Primary Location: San Francisco, CA
- CRD 1928356
- Can Sam Schoner be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Highest Settlement or Award: $180,000
- Two Pending Customer Disputes Seek Damages Totaling $9,998,468
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Sam Schoner As Your Stockbroker?
In 2023 two customers of First Republic Securities Company filed FINRA arbitrations alleging that Sam Schoner made unsuitable investment recommendations. One customer seeks damages of $2.5 million and the other customer seeks damages of $7,498,468. This cases are currently pending.
In 2011 a customer of First Republic Securities Co. was paid $180,000 to resolve allegations that Sam Schoner was negligent, committed fraud, elder abuse and other causes of action in connection with the recommendation to invest in The TW Tax Advantaged Fund, LP., a private placement.
See this for more information on REITs and Other Alternative Investments
Allegations of Broker Misconduct Against Sam Schoner
Customers of Sam Schoner have alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendations
- Elder Abuse
- Fraud and Deceit
- Breach of Contract
- Professional Negligence
- Breach of Fiduciary Duty
- Misrepresentations and Omissions
Information on Elder Financial Abuse
Alternative Investments: These are assets that are not stocks, bonds or cash. Alternative investments generally fall within five categories: hedge funds, private capital, natural resources (oil and gas, energy), real estate (REITs) and infrastructure. They are typically less liquid that conventional investments, less regulated with higher fees and generally higher risk. For more investigations involving Alternative Investments, see this.
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
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.
If you have suffered investment losses in an account handled by Sam Schoner, 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.