Advisor Alert: Our Attorneys Are Investigating Walter Paul Schoczolek III For Investment Fraud
Did You Lose Money Because of Walter Schoczolek?
Filed: February 15, 2024
Walter Schoczolek currently has one (1) pending customer complaint. Overall, he has been the subject of two (2) customer complaints. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on Walter Paul Schoczolek III.
Who Is Walter Paul Schoczolek III of Sigma Financial Corporation?
- Advisor Name: Walter Paul Schoczolek III
- Aliases: Walter Paul Schoczolek
- CRD: 4488009
- Location: Cornelius, North Carolina
- Current Employer: Sigma Financial Corporation
- Previous Firms: Avantax Investment Services, Inc. and MML Investors Services, LLC
- Number of Known Customer Complaints: 2
- Can Walter Schoczolek Be Sued: Yes, in Private Arbitration
- Can Walter Schoczolek’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $500,000
- Highest Settlement: $30,423.63
If you have suffered investment losses by Walter Schoczolek, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining an investment fraud lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against Walter Schoczolek For Broker Misconduct
As of this publication date, Walter Schoczolek has been the subject of 2 customer disputes. Let’s review them below.
In September 2023, a FINRA arbitration was filed against or in reference to Walter Schoczolek by a customer of Avantax Investment Services, Inc. alleging that the client’s investment was unsuitable and the representative liquidated it without her authorization. Per the customer, she lost over $500,000 because of Mr. Schoczolek’s actions. As of this publication date, this claim remains pending.
In April 2020, a complaint was filed against or in reference to Walter Schoczolek by a customer of Avantax Investment Services, Inc. alleging that the client was not informed of the investments made in her account. Per the customer, she lost over $49,500 because of Mr. Schoczolek’s actions. On July 27, 2020, Mr. Schoczolek settled the claim for $30,423.63, and some or all of this amount may have been paid by Mr. Schoczolek’s employer and/or insurance carrier.
How To File A Claim Against Walter Schoczolek of Sigma Financial Corporation (previously with Avantax Investment Services, Inc. and MML Investors Services, LLC) To Get Your Money Back
If you have questions about Walter Schoczolek, Sigma Financial Corporation, Avantax Investment Services, Inc., MML Investors Services, LLC, or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll-free at 1-800-950-6553.