BRADLEY JAY SCHLANG is currently employed as a Broker and/or Investment Adviser at SECURITIES AMERICA ADVISORS, INC. located at 5885 LANDERBROOK DRIVE, SUITE 200, MAYFIELD HEIGHTS, OH, 44122.
BRADLEY JAY SCHLANG has worked at SECURITIES AMERICA ADVISORS, INC. since July 15, 2005
BRADLEY JAY SCHLANG is also currently employed as a Broker and/or Investment Adviser at CEDAR BROOK GROUP located at 5885 LANDERBROOK DRIVESUITE 200, CLEVELAND, OH, 44124 since January 01, 1970
BRADLEY JAY SCHLANG is also currently employed as a Broker and/or Investment Adviser at SECURITIES AMERICA, INC. located at 5885 LANDERBROOKSUITE 200, MAYFIELD HEIGHTS, OH, 44124 since January 01, 1970
Disclosure History
BRADLEY JAY SCHLANG has 9 Disclosure Event(s).
Date: July 17, 2013 Category: Customer Dispute Allegations: CUSTOMER ALLEGES THAT THE BEHRINGER HARVARD REIT WAS A BAD INVESTMENT AND THAT THE REPRESENTATIVE MISREPRESENTED THE REIT AS A SAFE INVESTMENT. Damage Amount Requested: $5,000.00 Broker Comment: BEFORE INVESTING I EXPLAINED THE INVESTMENT TO THE CLIENT. IN A SEPARATE LETTER TO THE CLIENT I ADVISED HIM TO READ THROUGH THE PROSPECTUS AND OFFERED TO ANSWER ANY QUESTIONS HE HAD. I ALSO PROVIDED THE CLIENT DISCLOSURE FORMS THAT DETAILED THE RISKS AND LIQUIDITY ISSUES RELATED TO ALTERNATIVE INVESTMENTS. CLIENT DECIDED TO INVEST AFTER UNDERSTANDING THE RISKS INVOLVED WITH THIS INVESTMENT.
Date: September 24, 2012 Category: Customer Dispute Allegations: IN CONNECTION WITH THE RECOMMENDATION AND SALE OF VARIOUS REAL ESTATE INVESTMENTS FROM AUGUST OF 2005 TO DECEMBER OF 2008, CLAIMANTS ALLEGE MISREPRESENTATION AND OMISSION OF MATERIAL FACTS. ADDITIONAL ALLEGATIONS INCLUDE BREACH OF FIDUCIARY DUTIES, AND VIOLATION OF FINRA CONDUCT RULES. Damage Amount Requested: $3,818,000.00 Damages Granted: $1,028,316.29 Broker Comment: MR. SCHLANG'S CLIENT'S CLAIMS WERE DISMISSED IN THEIR ENTIRETY. 09/24/2012: BRADLEY SCHLANG IS NOT A NAMED RESPONDENT IN THIS MATTER, AND HE FIRMLY ASSERTS THAT THE CLAIMS RAISED BY HIS CLIENT ARE UNFOUNDED AND COMPLETELY WITHOUT BASIS. MR. SCHLANG BELIEVES THAT HIS CLIENT HAS EXTENSIVE EXPERIENCE IN REAL ESTATE, AND UNDERSTANDS THE RISKS AND ILLIQUIDITY OF THIS TYPE OF AN INVESTMENT. 08/08/2013: THE CLAIMS OF ONE CLAIMANT WERE SETTLED BY SAI FOR $350,000. ON 10/15/2013: THE CLAIMS OF TWO ADDITIONAL CLAIMANTS WERE SETTLED BY SAI FOR $45,000 AND $60,000, RESPECTIVELY. ON 11/11/2013 THE CLAIMS OF THE REMAINING TWO CLAIMANTS WERE RESOLVED AT HEARING AS FOLLOWS: THE CLAIMS OF ONE OF THE REMAINING CLAIMANTS WERE DISMISSED IN THEIR ENTIRETY. THE FINAL REMAINING CLAIMANT WAS GRANTED AN AWARD OF $573,316.29 AGAINST RESPONDENT SAI. MR. SCHLANG'S CLIENT'S CLAIMS WERE DISMISSED IN THEIR ENTIRETY.
Date: April 07, 2011 Category: Customer Dispute Allegations: IN CONNECTION WITH INVESTMENTS IN MEDICAL CAPITAL AND/OR PROVIDENT SHALE, CLAIMANTS' ALLEGATIONS AGAINST RESPONDENT INCLUDE NEGLIGENCE, NEGLIGENT MISREPRESENTATIONS, BREACH OF FIDUCIARY DUTY, VIOLATIONS OF OHIO BLUE SKY LAWS, AND AIDING & ABETTING FRAUD. Damage Amount Requested: $3,187,000.00 Settlement Amount: $1,479,386.47 Broker Comment: 10/06/2011: THIS CLAIM WAS PART OF A GLOBAL SETTLEMENT BY SECURITIES AMERICA, INC.
Date: January 24, 2011 Category: Customer Dispute Allegations: IN CONNECTION WITH THE RECOMMENDATION AND SALE OF PROVIDENT SHALE, CLAIMANTS ALLEGE NEGLIGENT MISREPRESENTATIONS AND OMISSIONS. Damage Amount Requested: $300,000.00 Settlement Amount: $139,258.22 Broker Comment: BRADLEY SCHLANG IS NOT A NAMED RESPONDENT IN THIS MATTER. 10/06/2011: THIS CLAIM WAS PART OF A GLOBAL SETTLEMENT BY SECURITIES AMERICA, INC.
Date: November 22, 2010 Category: Customer Dispute Allegations: IN CONNECTION WITH THE RECOMMENDATION AND SALE OF MEDICAL CAPITAL, BEHRINGER HARVARD REIT AND IMH SECURED LOAN FUND, CLAIMANTS ALLEGE MISREPRESENTATION, UNSUITABILITY, BREACH OF FIDUCIARY DUTY, FRAUD, AND NEGLIGENCE. Damage Amount Requested: $6,000,000.00 Settlement Amount: $1,485,420.99 Broker Comment: 10/06/2011: THE PORTION OF THIS CLAIM RELATING TO MEDICAL CAPITAL WAS PART OF A GLOBAL SETTLEMENT BY SECURITIES AMERICA, INC. CLAIMS RELATING TO ADDITIONAL PRODUCTS CONTINUE AT THIS TIME. 01/12/2012: I WAS DISMISSED FROM THIS MATTER WITH PREJUDICE.
Date: August 16, 2010 Category: Customer Dispute Allegations: IN CONNECTION WITH THE RECOMMENDATION AND SALE OF PROVIDENT ROYALTIES AND MEDICAL CAPITAL, CLAIMANTS ALLEGE UNSUITABILITY, MISREPRESENTATION AND VIOLATION OF DUTIES OWED TO CLAIMANTS Damage Amount Requested: $2,357,000.00 Settlement Amount: $1,094,105.40 Broker Comment: BRADLEY SCHLANG IS NOT A NAMED RESPONDENT IN THIS MATTER. 10/06/2011: THIS CLAIM WAS PART OF A GLOBAL SETTLEMENT BY SECURITIES AMERICA, INC.
Date: May 24, 2010 Category: Customer Dispute Allegations: IN CONNECTION WITH THE RECOMMENDATION AND SALE OF VARIOUS ALTERNATIVE INVESTMENTS, CLAIMANTS ALLEGE FRAUD, NEGLIGENCE, MISREPRESENTATION AND OMISSION OF MATERIAL FACTS,AND VIOLATIONS OF FINRA RULES. Damage Amount Requested: $3,966,000.00 Settlement Amount: $2,761,026.27 Broker Comment: 10/06/2011: THE PORTION OF THIS CLAIM RELATING TO MEDICAL CAPITAL AND PROVIDENT SHALE WAS PART OF A GLOBAL SETTLEMENT BY SECURITIES AMERICA, INC. CLAIMS RELATING TO ADDITIONAL PRODUCTS CONTINUE AT THIS TIME. 01/12/2012: I WAS DISMISSED FROM THIS MATTER WITH PREJUDICE.
Date: February 26, 2010 Category: Customer Dispute Allegations: IN CONNECTION TO THE RECOMMENDATION AND SALE OF VARIOUS DIRECT PARTICIPATION PLANS, CLAIMANTS ALLEGE UNSUITABILITY AND MISREPRESENTATION & OMISSION OF MATERIAL FACTS. Damage Amount Requested: $8,766,000.00 Settlement Amount: $4,069,125.13 Broker Comment: 10/06/2011: THIS CLAIM WAS PART OF A GLOBAL SETTLEMENT BY SECURITIES AMERICA, INC.
Date: October 06, 2008 Category: Customer Dispute Allegations: THE CLIENT ALLEGES THAT HE WAS ADVISED THAT HIS RESERVE PRIMARY MONEY MARKET FUND ASSETS WERE SAFE AND WOULD RETAIN 100% OF THE PRINCIPAL VALUE. THE CLIENT DEMANDS TO BE MADE WHOLE FOR LOSSES HE INCURRED WHEN THE FUND "BROKE THE BUCK". Damage Amount Requested: $5,000.00
More Information
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