State of New York Files Regulatory Action Against James Scheidel

James Scheidel (CRD #: 4489589), a broker registered with Voya Financial Advisors, was the subject of a state regulatory action, according to his BrokerCheck record, accessed on August 17, 2025. Read on if you have questions about his alleged conduct as a broker.

New York Regulatory Action

On July 9, 2025, the New York Department of Financial Services alleged that James Scheidel submitted a license renewal application containing false and/or inaccurate information, in violation Section 2110(a)(4) and Section 2132(g) of Chapter 28 of the New York Consolidated Laws.

James Scheidel consented to a sanction of $7,500.

New York Consolidated Laws

Section 2110(a)(4) of Chapter 28 of the New York Consolidated Laws allows the superintendent of the New York Department of Financial Services to suspend an insurance producer, consultant, adjuster or life settlement broker’s insurance license if they are found to have engaged in fraudulent or dishonest practices.

Section 2132(g) requires persons subject to continuing education requirements to submit a certification attesting their success completion of these requirements to the superintendent.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

FINRA Suspension

On January 26, 2024, James Scheidel consented to the entry of findings that he allegedly certified to the State of New York in 2023 that he had personally completed 15 hours of insurance continuing education (CE) credits.

According to a Letter of Acceptance, Waiver & Consent (AWC), another individual allegedly completed James Scheidel’s insurance CE credits on his behalf.

The AWC concluded that these allegations constituted a violation of FINRA Rule 2010.

Sanctions

James Scheidel consented to the following sanctions:

• One-month suspension from associating with FINRA members
• $5,000 fine

His suspension ran from February 20 to March 19, 2024. You can read the full AWC here.

Background Information

James Scheidel has passed the following exams:

• Securities Industry Essentials Examination – SIE
• NYSE Trading Assistant Examination – Series 25
• General Securities Representative Examination – Series 7
• Uniform Securities Agent State Law Examination – Series 63

James Scheidel is a registered broker in 20 states and a registered investment adviser in New York.

He has also worked for the following firms:

• ING Financial Advisers (CRD#:34815)
• Joseph A. Sangimino (CRD#:32810)
• Bear, Stearns & Company (CRD#:79) 

Kurta Law Can Help

If you worked with James Scheidel 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.