Investors possibly experienced sales practice violations by securities broker Nicholas John Schlagheck [CRD: 6950609, McDonough, Georgia], according to publicly available information on FINRA BrokerCheck. Evidently, Schlagheck worked for Cape Securities Inc. from August 29, 2022, to July 15, 2025; Lincoln Investment from June 26, 2020, to January 11, 2022; and Intervest International Equities Corporation from June 21, 2018, to June 29, 2020. Keep reading for details about this broker’s disclosures.
Particularly, a client filed a complaint about Nicholas Schlagheck. The client alleged that Schlagheck made unsuitable recommendations and overconcentrated accounts involving mutual funds. Because of this, the client allegedly sustained damages associated with those investments. Consequently, on September 5, 2025, Cape Securities Inc. settled this matter by paying the client $30,000 in damages.
Specifically, a client of Cape Securities Inc. contested Nicholas Schlagheck’s sales practices, according to a complaint dated May 15, 2025. Allegedly, Schlagheck made misrepresentations of material fact and unsuitable recommendations regarding direct investments. It appears that Schlagheck allegedly caused the client to sustain damages connected to those products. Therefore, the client sought compensation from Cape Securities Inc. or Schlagheck in the amount of $15,696.80 in this matter. However, the firm denied this complaint.
Are you concerned regarding investments you made with Nicholas Schlagheck? You should contact Soreide Law Group online or at (888) 760-6552 and talk to a securities lawyer concerning a potential recovery of your investment losses. Soreide Law Group has recovered losses for investors throughout the United States. Also, the firm takes cases on a contingency fee arrangement and advances all costs. Schlagheck and brokerage firms Schlagheck worked for deny accusations of sales practice violations.
Cowen and Company, LLC (CRD 7616), now part of TD Securities (USA) LLC, is a brokerage firm based in New York, New York. FINRA censured and fined the firm a total of $80,000, of which $40,000 is payable to FINRA, according to an AWC issued August 19, 2026.
Webull Financial LLC (CRD 289063) is a brokerage firm based in New York, New York. FINRA censured and fined the firm $115,000 after finding it maintained inaccurate books and records of options order origin codes, according to an AWC issued August 17, 2026.
Marc Miller (CRD 1133692) is a registered representative with Western International Securities. According to BrokerCheck, a customer filed a claim against him on March 3, 2025 that remains pending.
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