Investors File Disputes About Robert Schultz

Soreide Law Group is investigating possible investor claims against securities broker Robert Schultz [CRD: 1769129, Houston, Texas]. Specifically, Financial Industry Regulatory Authority (FINRA) BrokerCheck discloses that investors disputed the sales practices of the securities broker, who worked for Wells Fargo Advisors LLC. For example, clients alleged unsuitable recommendations. Here is a brief summary of the disclosures about Schultz.

Wells Fargo Advisors LLC Investor Accused Robert Schultz Of Poor Performance

Particularly, on July 14, 2020, a Wells Fargo Advisors LLC client filed a complaint about Robert Schultz. Namely, the client alleged that Schultz recommended investments that poorly performed. Because of this, the client allegedly sustained damages on variable annuities. Therefore, the client requested $35,000 in compensation from Wells Fargo Advisors LLC or Schultz. However, Wells Fargo Advisors LLC denied this complaint.

UBS Financial Services Inc. Investor Accused Schultz Of Unsuitable Recommendations

Evidently, a UBS Financial Services Inc. client filed FINRA Arbitration: 16-02679 about Robert Schultz. Namely, the client alleged that Schultz made unsuitable recommendations and engaged in excessive trading. Because of this, the client allegedly sustained damages on equities, mutual funds, ETFs, preferred stocks, MLPs, treasuries, REITs, municipal bonds, and GSEs. Therefore, on October 6, 2017, UBS Financial Services Inc. settled this matter by paying the client $275,000 in damages.

Schultz Employment Information

• Schultz worked for Wells Fargo Clearing Services LLC in Houston, TX, as a financial advisor from January of 2015 to November of 2022.
• Schultz worked for Wells Fargo Clearing Services LLC in St. Louis, MO, as a securities broker from January of 2015 to November of 2022.
• Schultz has worked for RBC Capital Markets LLC in Newport Beach, CA, as a securities broker since October 24, 2022.
• Schultz has worked for RBC Capital Markets LLC in Newport Beach, CA, as a financial advisor since October 24, 2022.

Damages Resulting From Wells Fargo Advisors LLC Securities Broker Robert Schultz?

Have you suffered damages by investing with Robert Schultz? If so, reach out to Soreide Law Group at (888) 760-6552 and speak with a securities lawyer about a possible recovery of your investment losses or other damages. Soreide Law Group, who has successfully recovered money for hundreds of investors in all 50 states, represents clients on a contingency fee basis and advances costs. Schultz and brokerage firms Schultz worked for deny any and all allegations of sales practice violations.