Soreide Law Group is investigating potential investor claims of sales practice violations possibly committed by securities broker Samuel Carl Schoner (also known as Sam Schoner) [CRD: 1928356, San Francisco, California], according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Sam Schoner worked for First Republic Securities Company LLC from May 16, 2001, to September 29, 2023. Keep reading to learn more about the securities broker’s disclosures.
Particularly, on December 7, 2023, a First Republic Securities Company LLC client filed FINRA Arbitration No. 23-03420 about Sam Schoner. Supposedly, Schoner provided unsuitable investment advice. Because of this, the client allegedly sustained damages on stocks. Therefore, the client requested $2,500,000 in compensation from First Republic Securities Company LLC or Sam Schoner. Evidently, this arbitration is pending a resolution.
Also, a client of First Republic Securities Company LLC contested Sam Schoner’s sales practices by filing FINRA Arbitration: 23-02462 on September 12, 2023. Allegedly, Schoner made unsuitable investment recommendations of stocks. So, the client seeks compensation from First Republic Securities Company LLC or Schoner in the amount of $7,498,468 in this ongoing matter.
In addition, a First Republic Securities Company LLC client filed FINRA Arbitration: 10-03368 about Sam Schoner. Supposedly, Schoner made misrepresentations, breached his fiduciary duty, committed negligence, breached a contract, made unsuitable recommendations, omitted important information, and committed elder abuse. Because of this, the client allegedly sustained damages on private placements. As a result, on July 13, 2011, First Republic Securities Company LLC settled this matter by paying the client $180,000 in damages.
Did you experience losses because of any sales practice violation by financial advisor / securities broker Sam Schoner? If so, get in touch with Soreide Law Group online or at (888) 760-6552 so you can talk to a securities lawyer about your legal options. Soreide Law Group has recovered losses for many clients in the US, represents investors through contingency fees, and advances all costs. Schoner and brokerage firms Schoner worked for deny any allegations of sales practice violations.
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