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Investigation of Independent Financial Group, LLC Broker Chad Schiel

Posted on Tuesday, November 23rd, 2021 at 12:34 am    

Independent Financial Group

Were you the victim of Independent Financial Group, LLC broker Chad Schiel (CRD# 5706184)?. Chad Schiel has been registered with Independent Financial Group, LLC in San Juan Capistrano, California since 2012. 

Chad Schiel Faces Suitability Complaint

Chad Schiel has been the subject of one customer complaint, according to his CRD report:

September 2021. “Allege investments were not suitable and that there was an overconcentration of illiquid products.” The customer is seeking $150,000 in damages and the case is currently pending. The complaint is regarding real estate investment trusts (REITs) and non-traded REITs. 

Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Independent Financial Group, LLC may be liable for investment or other losses suffered by Chad Schiel’s customers.

Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.