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Read MoreSam 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.)
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