James L Schulmire

James L Schulmire is currently employed as a Broker and/or Investment Adviser at USA FINANCIAL SECURITIES CORPORATION located at 14015 Park Dr. Suite 111, Tomball, TX, 77377.

James L Schulmire has worked at USA FINANCIAL SECURITIES CORPORATION since October 16, 2017

Disclosure History

James l Schulmire has 1 Disclosure Event(s).

Date: June 27, 2014
Category: Customer Dispute
Allegations: THE CLIENT ALLEGED THAT A VARIABLE ANNUITY WAS MISREPRESENTED AS HAVING A GUARANTEED RATE OF RETURN IN 1998 AND THAT HE LIQUIDATED MOST OF THE ANNUITY IN 2004 AFTER SEEING THAT THE ANNUITY HAD LOST VALUE. THE CLIENT COMPLAINED THAT THE CURRENT REQUIRED MINIMUM DISTRIBUTIONS WILL FORCE HIM TO LIQUIDATE THE REMAINING BALANCE AND THAT THE REMAINING DEAHT BENEFIT WILL BE LOST.

More Information

All individuals registered to sell securities or provide investment advice are required to disclose customer complaints and arbitrations, regulatory actions, employment terminations, bankruptcy filings and criminal or civil judicial proceedings.

A disclosure includes information about customer disputes, disciplinary events and financial matters on the broker's record as reported by securities regulators, the individual broker, and any involved firms. Some of these items may involve pending actions or allegations that have not been resolved or proven. The presence of a disclosure does not automatically indicate any wrongdoing.

BrokerCheck is the source of the data included in this Report. The data was compiled on June 29, 2018.

To view the full report for James L Schulmire, click here.

The use of BrokerCheck data is subject to the BrokerCheck Terms of Use.