Former SII Investment, Inc. broker Thomas Paul Schober (CRD #1058291) has signed a Letter of Acceptance, Waiver, and Consent (“AWC”) pursuant to FINRA Rule 9216.
Schober allegedly recommended unsuitable annuity exchanges to senior customers and is accused of concealing the transactions and falsifying information on the documents regarding the source of the funds.
As a result of the annuity exchanges, FINRA stated that the customers were forced to pay hefty surrender and sales charges, with Schober allegedly collecting significant commissions. According to the accusations by the customers, Schober never disclosed the amount they would have to pay to sell the annuities. By signing the AWC, Schober consented to a bar from association with any FINRA member in all capacities.
If you invested and lost money with former SII Investment, Inc. broker Thomas Paul Schober, call our team of securities fraud lawyers at Meyer Wilson. We are determined to protect investors from potential misconduct and acts of investment or securities fraud. You can schedule a free consultation to discuss a potential claim in order to recover losses you may have suffered.