DID STEVEN WILLIAM SCHROEDER CAUSE YOU INVESTMENT LOSSES?
Steven Schroeder Formerly With Principal Securities, Inc Has A Customer Complaint For Alleged Broker Misconduct
About Steven Schroeder of Principal Securities, Inc?
Steven Schroeder (CRD #415350) has had a career in the financial services industry that raises concerns due to a customer complaint and employment issues. Schroeder’s professional journey began in 1974, and he has since been associated with multiple firms including Principal Securities, Inc. and Sentry Equity Services, Inc. He is currently not registered with any firm. Over his career, Schroeder was registered in various capacities across several states, but his tenure has been marred by allegations of misconduct and non-compliance with industry standards. His track record includes having passed three general industry/product exams and two multi-state securities law exams, but no principal/supervisory exams, potentially limiting his ability to hold managerial or supervisory roles.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Steven Schroeder Customer Complaint and Reviews
Customer Dispute (Closed – No Action as of 2008): Schroeder faced a customer complaint alleging that he did not adequately explain the premiums required to support a variable universal life policy, selected inappropriate face amounts, and failed to deliver a prospectus. The complaint involved alleged damages of $19,626 and was eventually denied.
Allegations Against Steven Schroeder
- Inadequate Disclosure: The dispute centered around accusations that Schroeder failed to fully disclose necessary information regarding insurance policies, which could mislead clients about the costs and benefits associated with their investments.
- Termination After Allegations (2023): Schroeder was permitted to resign from Principal Securities, Inc. after an internal review found he had participated in unauthorized private securities transactions and violated the firms outside business activity (OBA) policy by not preclearing transactions with the firm. This resulted in a significant breach of FINRA rules and firm policy, and put his professional conduct into question.
Steven Schroeder Red Flags & Your Rights As An Investor
Of course, Steven Schroeder did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Steven Schroeder at Principal Securities, Inc, on alert to review carefully the activity and performance of their accounts and question whether Steven Schroeder has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Principal Securities, Inc also raises questions about the brokerage firm’s supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At Principal Securities, Inc Due To Steven Schroeder
If you have questions about Principal Securities, Inc and/or Steven Schroeder and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.
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