Carlson Law Represents Francis Schiavetti Client Against Stoever, Glass & Company Inc.

Carlson Law is representing a former client of Francis “Fran” Schiavetti, a Boca Raton-based financial advisor formerly licensed with Stoever, Glass & Company Inc. Schiavetti is a registered representative who was registered with Stoever from approximately October 2018 through December 2023. He is now licensed with A.G.P. / Alliance Global Partners.

Our firm currently has a pending arbitration for a New Jersey-based customer. The arbitration, which was filed in December of 2024, alleges Schiavetti pursued a speculative and highly leveraged trading strategy, resulting in losses exceeding $1 million. It also alleges that the trading activity in the customer’s accounts were egregiously excessive.

Schiavetti has a long history of customer complaints, including a recently filed claim (October 27, 2024) against Stoever alleging facts very similar to those in the case our firm filed: “When customer passed away, his Estate alleged that trades in the customer’s account at Stoever Glass (2018-2023) and a previous brokerage firm (2016-2018) had been unsuitable and excessive, and that this constituted fraud, negligence, breach of fiduciary duty and other forms of tortious conduct.”

Schiavetti has a bankruptcy and six other customer complaints on his record, one of which was actually brought by our client in 2007.

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.

By Chase Carlson | Posted on February 9, 2025