Did Wade Schuknecht Mislead an Investor?
Wade Schuknecht (CRD #: 4511077), a broker and investment advisor registered with Wells Fargo Clearing Services, was involved in an investor dispute, according to his BrokerCheck record, accessed on April 5, 2022.
According to the allegations filed on February 8, 2022, Wade Schuknecht promised an investment would yield 3.1% if held for one year, which allegedly did not happen. The firm denied the dispute.
Misrepresentation is a common problem in the securities industry. It usually occurs when an investment broker makes false or misleading statements about a financial product in an effort to persuade their customer to invest. Stockbrokers should never guarantee returns.
Firms can deny disputes without any external review, however, investors should know that they can still pursue FINRA arbitration and recover their losses following a denial.
Wade Schuknecht 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 6 – Investment Company Products/Variable Contracts Representative Examination
He is a registered broker in 11 states and a registered investment advisor in California and Minnesota.
Besides Wells Fargo Clearing Services, Wade Schuknecht has also worked with the following firms:
- UVEST Financial Services Group (CRD#:13787)
- IFMG Securities (CRD#:14416)
- SII Investments (CRD#:2225)
- METLIFE Securities (CRD#:14251)
- Metropolitan Life Insurance Company (CRD#:4095)
Kurta Law Can Help
If you have worked with Wade Schuknecht and have concerns about your investments, don’t hesitate to contact us today at 877-600-0098 or firstname.lastname@example.org 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.