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Schwab Fires Eric Filimon After He Allegedly Failed to Maintain Accurate Records

Eric Filimon (CRD #: 4342897) was recently fired from his position at Schwab Private Client Investment Advisory, according to his BrokerCheck record, accessed on January 7, 2022. Details surrounding his termination have been provided below. 

Termination Details 

On November 1, 2021, Schwab Private Client Investment Advisory fired Eric Filimon after he allegedly failed to adhere to Schwab’s Workplace Behavior Expectations policy concerning inaccurate record keeping of order entries. 

FINRA Rules 4511 and 2010 

FINRA Rule 4511 requires each member to make and preserve books and records in conformity with Section 17(a) of the Exchange Act and Exchange Act Rule 17a-3. Inherent in the obligation to maintain books and records is the requirement that they must be accurate.  

Failing to keep or preserve records accurately violates this rule and constitutes a violation of FINRA Rule 2010, which requires that members and their associated persons “observe high standards of commercial honor and just and equitable principles of trade.”  

Background Information 

Eric Filimon has passed the following exams: 

  • Series 66 – Uniform Combined State Law Examination 
  • Series 63 – Uniform Securities Agent State Law Examination 
  • SIE – Securities Industry Essentials Examination 
  • Series 7 – General Securities Representative Examination 
  • Series 10 – General Securities Sales Supervisor – General Module Examination 
  • Series 9 – General Securities Sales Supervisor – Options Module Examination 

Eric Filimon has also worked with the following firms: 

  • Charles Schwab & Co.(CRD#:5393) 
  • Fidelity Brokerage Services (CRD#:7784) 

Kurta Law Can Help 

If you lost money while working with Eric Filimon, don’t hesitate to contact us today at 877-600-0098 or for a free consultation.  

For nearly 20 years, Kurta Law has advocated for investors 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.