Columbus, Ohio financial advisor Tom Bates (CRD# 1037294) allegedly gave misleading investment advice, according to a recent investor complaint. Financial...Read More
Sam Schoner: $7.4mm Complaint Against Ex-First Republic Advisor
San Francisco financial advisor Sam Schoner (CRD# 1928356) recently received an investor complaint alleging that his investment advice resulted in damages exceeding $7 million. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor with JP Morgan.
Mr. Schoner’s BrokerCheck report discloses two investor complaints. The most recent, filed in September 2023, alleges that as a representative of First Republic Securities Company, recommended an unsuitable stock investment. The pending complaint alleges damages of $7,498,468.
A second investor complaint, filed in 2010, alleged that as a representative of First Republic Securities Company, he breached his fiduciary duty, acted negligent, misrepresented and omitted material facts in connection with a private placement investment, used fraudulent devices, breached contract, and committed elder abuse. In 2011 the complaint reached a settlement of $180,000.
According to the Financial Industry Regulatory Authority, Sam Schoner holds 32 years of securities industry experience. Based in San Francisco, California, he has been a broker and an investment advisor with JP Morgan since 2023 and 2010, respectively. His past registrations include First Republic Securities Company (San Francisco, California; 2001-2023), Merrill Lynch (New York, New York; 1999-2001), UBOC Investment Services (Glendale, California; 1996-1999), Bancal Investment Services (1993-1996), and Wells Fargo Securities (San Francisco, California; 1989-1991). His credentials include the passage of five securities industry qualifying exams: the Financial and Operations Principal Examination, or Series 27; the General Securities Representative Examination, or Series 7; 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 holds 38 state licenses. (Information current as of November 18, 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.