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Jack Farioli Terminated by Charles Schwab

Securities Lawyer Jonathan Kurta
By: Jonathan Kurta Author
November 6, 2025 at 3:11pm

Jack Farioli (CRD #: 2520575) has been fired by Charles Schwab. This disclosure appears on his BrokerCheck record, accessed on November 6, 2025. Keep reading for more details.

Employment Separation After Allegations

On September 23, 2025, Charles Schwab & Co. fired Jack Farioli following allegations that he continued to maintain his real estate license with a third party after the firm denied his Outside Business activity.

Jack Farioli has no outside business reported on his Detailed BrokerCheck record.

Outside Business and Selling Away

FINRA Rule 3270 requires brokers to inform their firm of any outside business activities or any investments sold away from the firm. The brokerage firm may prohibit the activity if the firm believes the proposed activity may compromise the broker’s duties. 

High Standards of Commercial Honor

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Violations of FINRA Rule 3270 also violate this rule. 

Background Information

Jack Farioli has passed the following exams:

  • Series 3 National Commodity Futures Examination
  • Series 7TO General Securities Representative Examination
  • Series 63 Uniform Securities Agent State Law Examination 
  • SIE – Securities Industry Essentials Examination

During his three years of experience, he has registered with two firms:

  • Charles Schwab & Co. (CRD #: 5393)
  • TD Ameritrade (CRD #: 7870)

Kurta Law Can Help

If you worked with Jack Farioli 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 that 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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