Walter Schoczolek is Facing a Six-Figure Investor Dispute

Walter Shoczolek (CRD #: 4488009), a broker registered with Sigma Financial Corporation, is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on December 8, 2023. Keep reading if you have questions regarding his alleged conduct as a broker. 

On September 13, 2023, an investor alleged that Walter Shoczolek recommended an unsuitable investment and liquidated it without her authorization. The investor is seeking $500,000. 

What is an Unsuitable Investment?

FINRA Rule 2111 requires brokers to evaluate whether an investment strategy fits their investor’s financial goals. Brokers must examine the investor’s profile, which contains the following investor characteristics:

• Age
• Risk tolerance
• Time horizon (i.e., how long the investor plans to hold the investment)
• Investing experience
• Tax status
• Financial goals

Investors who rely on brokers for recommendations may be able to recover losses from unsuitable investment recommendations by pursuing FINRA arbitration.

Previous Investor Dispute

According to allegations filed on April 28, 2020, an investor alleged she was not informed of investments made in her account. 

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Liquidating assets without authorization violates this rule. 

Background Information 

Walter Shoczolek has passed the following exams: 

• Series 63 Uniform Securities Agent State Law Examination 
• SIE – Securities Industry Essentials Examination 
• Series 6 Investment Company Products/ Variable Contracts Representative Examination 

He is a registered broker in eleven states. 

During his 21 years of experience, he has registered with the following firms: 

• Sigma Financial Corporation (CRD #: 14303) 
• Avantax Investment Services (CRD #: 13686) 
• MML Investors Services (CRD #: 10409) 

Kurta Law Can Help 

If you have worked with Walter Shoczolek and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or info@kurtalawfirm.com 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 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. Do not let securities fraud go unchecked. Start your recovery process today.