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Broker John Schooler Has 25 Customer Complaints

 John SchoolerArizona-based First Financial Equity broker/adviser John Schooler is the subject of more than two dozen customer complaints. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Schooler (CRD# 2368308).

John Schooler has spent 22 years in securities industry and has been registered with First Financial Equity in Scottsdale, Arizona since 2011. Previous registrations include the following: WFP Securities in San Diego, California (1994-2011); JRL Capital Corporation in Newport Beach, California (2011); and Montano Securities Corporation in Orange, California (1993-1994). Mr. Schooler is a registered broker and investment adviser in California.

According to his BrokerCheck report, John Schooler is the subject of 25 customer complaints and one pending customer complaint.

  • In 2014 a customer alleged John Schooler, while employed at at WFP Securities, made unsuitable recommendations, breached his fiduciary duty, committed fraud, and misrepresented material facts related to an investment. The customer is seeking $1,249,500 in the pending complaint.
  • In 2012 a customer alleged John Schooler, while employed at WFP Securities, breached his fiduciary duty, failed to supervise his representatives, and recommended an unsuitable oil and gas investment. The complaint settled in 2014 for $1,000,000.
  • In 2012 a customer alleged John Schooler, while working at WFP Securities, breached his fiduciary duty, acted negligently, breached his contract, and failed to supervise. The complaint settled in 2014 for $1,000,000.
  • In 2011 a customer alleged John Schooler, as aan employee of WFP Securities, acted negligently, failed to supervise his representatives, breached his contract, breached his fiduciary duty. The complaint settled in 2014 for $1,000,000.
  • In 2011 a customer alleged John Schooler, as a control person WFP Securities, made an unsuitable investment recommendation in direct private placement and limited partnership interests. The complaint settled for $1,000,000.
  • In 2011 a customer alleged John Schooler, as a WFP Securities employee, breached written and oral contracts, breached his fiduciary duty, and failed to supervise representatives. The complaint settled for $1,000,000.
  • In 2010 a customer alleged John Schooler, while employed by WFP Securities, failed to supervise his representatives, acted negligently, and breached his fiduciary duty. The complaint settled in 2011 for $75,000.
  • In 2010 a customer alleged John Schooler, while under the supervision of WFP Securities, committed fraud, deceit, and elder abuse. The complaint settled in 2011 for $90,000.

If you have lost money investing with John Schooler, you may be entitled to recover your losses. Call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on contingency: Fitapelli Kurta only receives payment if and when you recover money. Time to file your claim may be limited, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.

This information is based on publicly available information provided by FINRA on March 8, 2016.