Jim Schenk: Merrill Advisor Lands Investor Complaint

Indianapolis, Indiana financial advisor Jim Schenk (CRD# 4035283) allegedly misrepresented an investment, according to a recent investor complaint. Financial Industry Regulatory Authority records show that he is registered as a broker and an investment advisor with Merrill Lynch, having previously been registered with Morgan Stanley.

Mr. Schenk’s BrokerCheck report discloses three investor complaints. The most recent, filed in March 2026, alleges that as a representative of Merrill Lynch, he misrepresented an alternative investment between 2014 and 2026. The pending complaint alleges unspecified damages.

An earlier investor complaint, filed in 2014, alleged that as a representative of Merrill Lynch, he failed to follow instructions. The complaint alleged unspecified damages and was denied by the firm.

A third investor complaint, filed in 2007, alleged that as a representative of Morgan Stanley, he failed to fully explain the nature of an annuity or its surrender charges. The complaint alleged unspecified damages and was denied by the firm.

According to the Financial Industry Regulatory Authority, Jim Schenk holds 26 years of securities industry experience. Based in Indianapolis, Indiana, he has been registered as a broker and an investment advisor with Merrill Lynch since 2007. His past registrations include Morgan Stanley & Company, Morgan Stanley, Morgan Stanley DW, and Prudential Securities. His credentials include the passage of six securities industry qualifying exams: the Securities Industry Essentials Examination, or SIE; the Uniform Investment Adviser Law Examination, or Series 65; the Uniform Securities Agent State Law Examination, or Series 63; the General Securities Representative Examination, or Series 7; the National Commodity Futures Examination, or Series 3; and the Futures Managed Funds Examination, or Series 31. He is licensed in Arizona, California, Colorado, Florida, Indiana, North Carolina, Texas, and Washington. (Information current as of April 16, 2026.)

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