Investors potentially experienced sales practice violations by securities broker Scott Thomas Schaul [CRD: 2200484, Attleboro, Massachusetts], based on publicly available information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Schaul worked for Essex Securities LLC from March 22, 2010, to August 6, 2019, Pinnacle Investments LLC from June 28, 2019, to April 13, 2026, and has been registered with N.E. Private Client Ltd since April 13, 2026. Keep reading to learn more about the disclosures reported on Schaul’s FINRA BrokerCheck record.
Particularly, on May 8, 2025, a Pinnacle Investments LLC client filed a complaint about Scott Schaul. Primarily, the client alleged that Schaul made misrepresentations by describing a closed-end fund as a very safe investment that would experience minimal fluctuations in value. The client further alleged that the investment's subsequent performance did not align with those expectations and resulted in a decline in capital. Because of this, the client allegedly sustained damages. Therefore, the client requested $40,000 in compensation from Pinnacle Investments LLC or Schaul. BrokerCheck indicates that this complaint is pending a resolution.
Notably, a client of CCO Investment Services Corp. contested Scott Schaul’s sales practices, according to a complaint dated January 24, 2006. Allegedly, the client requested an account designed to place principal at the least risk, was instead placed into an investment strategy that allegedly continued to lose value, and was not informed of surrender charges associated with the investment. It appears that Schaul allegedly caused the client to experience damages connected to variable annuities. As a result, the client sought compensation from CCO Investment Services Corp. or Schaul in the amount of $80,000 in this matter. However, the firm denied this complaint.
Additionally, a client filed a complaint about Scott Schaul. Mainly, the client alleged that account documentation contained non-genuine signatures. For this reason, the client allegedly experienced damages associated with variable annuities and mutual funds. Consequently, on June 29, 2004, Citizens Investment Services Corp. settled this matter by paying the client $9,714.
Are you concerned about investments you made through Scott Schaul? Get in touch with Soreide Law Group online or at (888) 760-6552 and speak to a securities attorney regarding a potential recovery of your investment losses. Soreide Law Group has recovered losses for hundreds of investors throughout the US. Also, our securities lawyers work on a contingency fee arrangement and advance all costs. Schaul and brokerage firms Schaul worked for deny accusations of sales practice violations.
Steven Graham (CRD 1977736) denies the allegations in a pending customer claim filed on August 11, 2026. The disclosure names Western International Securities as the firm, and the claim involves corporate bonds. No arbitrator has ruled on it. His BrokerCheck report also lists a settled bond dispute and a federal court matter from earlier years.
A claim filed on September 11, 2024 names Thomas Hamlin (CRD 2208505) over a 10% Senior Unsecured Note in iCap Fund III. Every disclosure on his BrokerCheck report involves an iCap private placement and names Somerset Securities as the firm. Each one settled, and a settlement is not an admission of wrongdoing.
Peter Po's most recent settlement came on June 28, 2026, when a corporate bond claim settled for $40,000. Po (CRD 3106974) appears in several settled customer disputes over corporate and high-yield bonds. The disclosures name NI Advisors or California Securities as the firm, and each matter ended in a settlement, not a finding.
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