Sanctuary Advisor Bill Schellenberg: Private Placement Complaint

Aliso Viejo, California financial advisor Bill Schellenberg (CRD# 2376086) allegedly provided unsuitable investment advice, according to a recent investor complaint. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor with Sanctuary Securities.

Mr. Schellenberg’s BrokerCheck report discloses one recent investor complaint. Filed in August 2023, it alleges that as a representative of Sanctuary Securities, he recommended unsuitable private placements. The pending complaint alleges unspecified damages.

Investors should be aware that under FINRA Rule 2111, brokers are required to perform “reasonable diligence” to ensure that investments they recommend are suitable for a client’s background and objectives. Brokers who fail to comply with this rule may be held liable in the event of damages.

According to the Financial Industry Regulatory Authority, Bill Schellenberg holds 30 years of securities industry experience. Based in Aliso Viejo, California, he has been a broker and an investment advisor with Sanctuary Securities since September 2022. His past registrations include Merrill Lynch (Irvine, California; 1997-2002) and Coastline Financial (1993-1997). His credentials include the passage of ten securities industry qualifying exams: the Direct Participation Programs Principal Examination, or Series 39; the Investment Company Products/Variable Contracts Principal Examination, or Series 26; the General Securities Principal Examination, or Series 24; the Direct Participation Programs Representative Examination, or Series 22; the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the General Securities Representative Examination, or Series 7; the Futures Managed Funds Examination, or Series 31; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Investment Adviser Law Examination, or Series 65. He is licensed in Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Indiana, Maryland, Michigan, Nevada, New Jersey, New York, North Carolina, Oklahoma, Tennessee, Texas, Utah, Virginia, and Washington. (Information current as of September 4, 2023.)

Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.