DID DAVID ALLAN SCHAUSS CAUSE YOU INVESTMENT LOSSES?
David Schauss Formerly With Woodbury Financial Services, Inc. Has 5 Customer Complaints For Alleged Broker Misconduct
Who is David Schauss formerly with Woodbury Financial Services, Inc.?
David Schauss (CRD #1741083) who was formerly registered with Woodbury Financial Services, Inc. and located in Waukesha, Wisconsin, is a subject of one of our many securities industry sales practice abuse investigations. Prior to Woodbury Financial Services, Inc., David Schauss was associated with other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
David Schauss Customer Complaints
David Schauss has been the subject of 5 customer complaints that we know about seeking to recover investment losses. One customer complaint was settled by Aid Association for Lutherans in favor of the investor. Three other customer complaints were denied by his former employers and thus far, the investors have not taken any further action or filed any the arbitration proceedings. There is currently one FINRA arbitration proceeding that is still pending against Woodberry Financial Services for David Schauss’ alleged misconduct.
Allegations Against David Schauss
A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:
- Misrepresentation of variable universal life insurance policy.
- Misappropriation of clients check.
- Misrepresentation of variable annuity contract.
- Unsuitable recommendation of variable annuity contract.
- Wrongful sale of US savings bonds to purchase 3 whole life insurance policies with high premiums.
David Schauss Red Flags & Your Rights As An Investor
Of course, David Schauss 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 David Schauss at Woodbury Financial Services, Inc. on alert to review carefully the activity and performance of their accounts and question whether David Schauss has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Woodbury Financial Services, Inc. also raises questions about the brokerage firms’ 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 Woodbury Financial Services, Inc. Due To David Schauss
If you have questions about Woodbury Financial Services, Inc. and/or David Schauss 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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