Securities Arbitration Lawyers BlogElder Fraud Allegations End 16-year Career of James Robert Schaedler, Jr.
Former Wells Fargo Clearing Services, LLC broker is barred by FINRA
Following a 16-year career in the financial advisory and securities industry, former Wells Fargo Clearing Services LLC broker James Schaedler, Jr has now been barred by the Financial Industry Regulatory Authority (FINRA) from acting as a broker or otherwise associating with firms that sell securities to the public.
In January 2017, Wells Fargo Clearing Services, LLC discharged Schaedler after allegations that his daughter received funds via check from a client. It was determined by Wells Fargo that Schaedler himself actually received the majority of those funds.