Investors have reportedly disputed the sales practices of securities broker Steven J. Schenck Jr. (also known as Jim Schenck) [CRD: 4035283, Indianapolis, Indiana], given the publicly available information found on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Steven Schenck worked for Merrill Lynch from June 1, 2007, to the present. See below to find out more about disclosures involving Steven Schenck and allegations made by clients.
Evidently, on March 24, 2026, a Merrill Lynch client filed a complaint about Steven Schenck. Primarily, the client alleged that Schenck made misrepresentations regarding an alternative investment between 2014 and 2026. Because of this, the client allegedly sustained damages on private placements including PIPEs. Consequently, the client requested compensation from Merrill Lynch or Schenck. However, the firm denied this complaint.
Also, a client of Merrill Lynch disputed Steven Schenck’s sales practices, according to a complaint dated February 24, 2014. Allegedly, Schenck failed to follow instructions. It appears that Schenck allegedly caused the client to sustain damages on over-the-counter equities. Therefore, the client sought compensation from Merrill Lynch or Schenck in this matter. The complaint was denied on March 3, 2014.
Particularly, on February 23, 2007, a Morgan Stanley DW Inc. client filed a complaint about Steven Schenck. Mainly, the client alleged that Schenck and other financial advisors failed to completely explain an annuity including its surrender charges. For this reason, the client allegedly incurred damages on annuities. Consequently, the client requested compensation from Morgan Stanley DW Inc. or Schenck. The complaint was denied on April 17, 2007.
Do you have questions or concerns regarding investments you made with Steven Schenck? You can contact Soreide Law Group at (888) 760-6552 or online and consult with a securities attorney regarding a possible recovery of your investment losses. Soreide Law Group has recovered losses for clients throughout the United States. Also, our securities lawyers represent investors on a contingency fee arrangement and advance all costs. Schenck and brokerage firms Schenck worked for deny accusations of sales practice violations.
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