Chad Faulkenberry Sanctioned By Florida Regulator For Unregistered Investment Advice

Investors may have sustained losses involving Chad Dwight Faulkenberry [CRD: 4827957, Winter Springs, Florida], according to FINRA BrokerCheck. Faulkenberry is currently registered with Hightower Advisors LLC and Hightower Securities LLC. He previously worked for Journey Strategic Wealth LLC, Schwab Wealth Advisory Inc., and Charles Schwab Co. Inc. His record includes a regulatory action and client complaints.

Florida Regulator Sanctioned Faulkenberry For Unauthorized Activities

On July 28, 2025, the Florida Office of Financial Regulation ordered Faulkenberry to cease and desist and pay a $7,500 administrative fine. The regulator alleged that he provided investment advice from Florida without being properly registered as an associated person of an investment advisory that was federally covered. Faulkenberry neither admitted nor denied the allegations but consented to the order.

Schwab Client Accused Chad Faulkenberry Of Causing Poor Performance

A client alleged that Faulkenberry failed to provide advice or recommendations beginning in January 2022, resulting in losses. Charles Schwab Co. Inc. settled the complaint for $5,944.04 on August 15, 2024. Faulkenberry reportedly made no personal contribution.

Faulkenberry Disclosed Another Charles Schwab Client’s Complaint Regarding Lack Of Advice

A second client alleged that Faulkenberry failed to provide advice or recommendations for one account beginning in May 2023. The complaint, received on October 1, 2024, alleged damages in connection with a non-managed account. For this reason, the client requested compensation of $132,000. Charles Schwab Co. Inc. denied the complaint on October 29, 2024.

Have You Made Investments Through Financial Advisor / Securities Broker Chad Faulkenberry?

Did you sustain losses because of Chad Faulkenberry? Contact Soreide Law Group online or call (888) 760-6552 to discuss a possible recovery. The firm represents investors nationwide on a contingency fee arrangement and advances costs. Faulkenberry and the brokerage firms he worked for deny allegations of sales practice violations.