FINRA Sanctions Stewart Schram

Soreide Law Group is investigating possible investor claims against Stewart Schram (also known as Stewart Irwin Schram) (CRD: 1711571, Northbrook, Illinois). Evidently, FINRA sanctioned the securities broker, who worked for Kingsbury Capital Inc. Allegedly, Schram engaged in an undisclosed outside business activity and in private securities transactions. Here is a brief summary of FINRA’s allegations against Schram.

Stewart Schram Sanctioned By FINRA For Outside Business Activities

Particularly, FINRA issued Case: 2018059532901 on February 19, 2021, sanctioning Stewart Schram for infractions. Allegedly, Schram engaged in an undisclosed outside business activity as well as private securities transactions. Particularly, FINRA says that the outside activity involved buying and reselling real estate for profit. The securities broker purportedly used multiple LLCs to accomplish this activity, and he managed the books and records of those companies. Notably, FINRA also says that Schram solicited family and friends to invest $485,000 in one of the LLCs. For this reason, Schram received a four-month suspension and a $7,500 fine.

Edwin C. Blitz Investments Inc. Investor Accuses Schram Of Unsuitable Trading

Also, on February 25, 2016, an Edwin C. Blitz Investments Inc. client filed a complaint about Stewart Schram. Namely, the client alleged that Schram engaged in unsuitable trading. Because of this, the client allegedly sustained damages on direct investments (DPPs and LPs). Therefore, the client requested $300,000 in compensation from Edwin C. Blitz Investments Inc. or Schram. However, this complaint is denied.

Schram Employment Information

• Schram worked for Cambridge Investment Research Inc. in Buffalo Grove, IL, as a securities broker from July 2018 to October 2019.
• Schram worked for Kingsbury Capital Inc. in Northbrook, Illinois, from December 1991 to July 2018.

Did Kingsbury Capital Inc. Securities Broker Stewart Schram Cause You To Experience Damages?

Did you sustain damages through investing with Stewart Schram? If so, contact Soreide Law Group at (888) 760-6552 and speak with a securities lawyer about potentially recovering your investment losses. Soreide Law Group, who has helped recover funds for many investors throughout the United States, represents investors like you on a contingency fee basis and advances all costs. Schram and those firms Schram worked for deny any and all allegations of sales practice violations.