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State of Illinois Investigates Caroline Ehlers

Caroline Ehlers (CRD #: 7410093), a broker registered with Charles Schwab & Company, was recently investigated by the State of Illinois, according to her BrokerCheck record, accessed on March 9, 2023. If you have questions about her alleged conduct as a broker, keep reading.

Investigation by State of Illinois

On January 4, 2023, the State of Illinois Secretary of State Securities Department alleged that an investigation into Caroline Ehlers found evidence of possible violations of the Illinois Securities Law of 1953.

The Department specifically alleged that Caroline Ehlers potentially engaged in fraudulent or deceitful practices related to the purchase or sale of securities.

FINRA Rule 2020

FINRA Rule 2020 prohibits the use of fraudulent tactics, including deception or manipulation, as they relate to the purchase and sale of securities.

What are blue sky laws?

Blue sky laws like the Illinois Securities Law of 1953 are state-level regulations that offer investors an additional layer of protection against securities fraud by allowing states. They may also describe which types of investments must register with the state securities board.

Background Information

Caroline Ehlers has passed the following exams:

  • Series 63 – Uniform Securities Agent State Law Examination
  • Series 7TO – General Securities Representative Examination
  • SIE – Securities Industry Essentials Examination

Caroline Ehlers is a registered broker in all 50 states and the District of Columbia.

Kurta Law Can Help

If you worked with Caroline Ehlers and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. 

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