|

April 16, 2012

Melbourne, FL, Rep Fined and Suspended by FINRA

The following information is from FINRA’s website under “Disciplinary Actions, March, 2012:"

Allan Anthony Scheer (CRD #2775825, Registered Principal, Melbourne, Florida)

submitted an Offer of Settlement in which he was fined $5,000 and suspended from association with any FINRA member in any capacity for four months. The fine is to be paid upon reentry to the securities industry. Without admitting or denying the allegations, Scheer consented to the described sanctions and to the entry of findings that he misrepresented material information to potential customers regarding the returns associated with the index-linked certificates of deposit (CDs) that they each purchased from his member firm.

The findings stated that the misrepresentations to the customers were material, as a reasonable investor considering whether to purchase the product would consider the rate of return to be considered significant.

The findings also stated that Scheer’s member firm terminated his employment for misrepresentation of product returns. The suspension is in effect from February 6, 2012, through June 5, 2012.

(FINRA Case #2009019330601)

The information from FINRA’s website has ended.

Securities Lawyer, Lars K. Soreide, of Soreide Law Group, PLLC, has represented clients nationwide.

For a free consultation with an attorney, please call 888-760-6552, or visit our website at: www.securitieslawyer.com.

Contact us

S H A R E T H I S P O S T

Recent Posts

July 6, 2026

World Investments LLC Sanctioned By FINRA Over Variable Annuity And RILA Supervision Failures

Soreide Law Group is investigating potential investor claims involving World Investments LLC after FINRA sanctioned the firm for supervisory failures involving deferred variable annuity exchanges and registered index-linked annuities (RILAs). Investors who suffered losses in variable annuities, RILAs, or other investments recommended through World Investments may have legal options and should learn more about FINRA's […]

July 6, 2026

Gary Frisch Connected To Avantax Investor Arbitration Claim About Unauthorized Trading

Investors potentially experienced sales practice violations by securities broker Gary Bryan Frisch [CRD: 5037164, Surprise, Arizona], according to public information found on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Frisch worked for Avantax Investment Services Inc. and Avantax Advisory Services from October 25, 2019, through September 5, 2025, and has been registered with Cetera Wealth Services […]

July 6, 2026

Christopher Chlupp Faced Robert W. Baird Investor Arbitration Claim About Mismanagement

Investors potentially incurred losses because of securities broker Christopher Frederick Chlupp [CRD: 2950578, Wisconsin Dells, Wisconsin], given the disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Chlupp has worked for Robert W. Baird Co. Incorporated as a securities broker since June 25, 1998, and as a financial advisor since September 24, 1998. Keep reading to […]

Contact us Nationwide USA

2401 E. Atlantic Blvd., Suite 305, Pompano Beach, FL 33062

Phone: 1-888-760-6552
Fax: 1-954-760-6553
Email: info@securitieslawyer.com

Helping clients recover money across the USA