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Michael Fama Resigns from Charles Schwab & Company

Michael Fama (CRD #: 6396685), a broker formerly registered with Charles Schwab & Company, allegedly violated firm policy, according to his BrokerCheck record, accessed on April 4, 2023. If you have questions about his alleged conduct as a broker, keep reading.

Resignation from Charles Schwab & Company

On March 3, 2023, Michael Fama resigned from Charles Schwab & Company after allegedly violating firm policy regarding record keeping.

FINRA Rule 2010

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

FINRA Rule 4511

FINRA Rule 4511 requires that firms maintain accurate books and records. 

Background Information

Michael Fama has passed the following exams:

  • Series 66 – Uniform Combined State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination
  • Series 9 – General Securities Sales Supervisor – Options Module Examination

He previously worked for Charles Schwab & Company (CRD#:5393) and Merrill Lynch, Pierce, Fenner & Smith (CRD#:7691).

Kurta Law Can Help

If you worked with Michael Fama 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 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. 

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