MATTHEW JOSEPH SCHULZ is currently employed as a Broker and/or Investment Adviser at WELLS FARGO FUNDS DISTRIBUTOR, LLC located at 100 HERITAGE RESERVE, MENOMONEE FALLS, WI, 53051.
MATTHEW JOSEPH SCHULZ has worked at WELLS FARGO FUNDS DISTRIBUTOR, LLC since October 09, 2015
Disclosure History
MATTHEW JOSEPH SCHULZ has 1 Disclosure Event(s).
Date: May 26, 2015 Category: Customer Dispute Allegations: AXA made me aware of a written complaint made by a former client, Edward C Busker, alleging that a product was not suitable by a second opinion. An internal investigation was held and it was found that this claim had no basis. As an act of good faith, AXA settled the affair for a total of $10,288.25 to which I was not required to make any contribution.During June of 2014, I voluntarily resigned from my Financial Professional positional at AXA Advisors. This was a decision unrelated to any interaction with any clients I had during my time there.On May 26, 2015 I was made aware by a letter from AXA Advisors that a former client filed a complaint against a partnering advisor and me regarding a variable annuity we sold him over a year prior.On June 2, 2015 I received a second letter from AXA stating that the complaint had been concluded through an internal investigation at AXA which included a copy of my updated Form U5 reflecting its conclusion.On June 4, 2015 I received I letter from FINRA indicating that it would be conducting its own review of the complaint. The letter outlined a list of deliverable items to FINRA. Working in tandem with AXA, I was able to provide this information to FINRA in a timely manner.On June 14, 2015 I received a final letter from AXA stating again that the complaint had been concluded. Enclosed in this letter was a copy of my most recent Form U5 reflecting the conclusion of the complaint. I was informed that the complaint was found to have no basis.Since these dates, I have not been made aware of any additional complaints made by this client or any others. I have also not been made aware of any correspondence made by AXA to the client who made the complaint. I was not a part of any settlement agreement. Any settlement made did not require any contributions from myself or any Errors and Omissions Insurance coverage.In an attempt to retrieve any other possible correspondence with the client, I have made multiple requests to AXA to provide. I have provided all documentation that AXA has provided me. Settlement Amount: $10,288.25 Broker Comment: During June of 2014, I voluntarily resigned from my Financial Professional positional at AXA Advisors. This was a decision unrelated to any interaction with any clients I had during my time there.On May 26, 2015 I was made aware by a letter from AXA Advisors that a former client filed a complaint against a partnering advisor and me regarding a variable annuity we sold him over a year prior.On June 2, 2015 I received a second letter from AXA stating that the complaint had been concluded through an internal investigation at AXA which included a copy of my updated Form U5 reflecting its conclusion.On June 4, 2015 I received I letter from FINRA indicating that it would be conducting its own review of the complaint. The letter outlined a list of deliverable items to FINRA. Working in tandem with AXA, I was able to provide this information to FINRA in a timely manner.On June 14, 2015 I received a final letter from AXA stating again that the complaint had been concluded. Enclosed in this letter was a copy of my most recent Form U5 reflecting the conclusion of the complaint. I was informed that the complaint was found to have no basis.Since these dates, I have not been made aware of any additional complaints made by this client or any others. I have also not been made aware of any correspondence made by AXA to the client who made the complaint. I was not a part of any settlement agreement. Any settlement made did not require any contributions from myself or any Errors and Omissions Insurance coverage.In an attempt to retrieve any other possible correspondence with the client, I have made multiple requests to AXA to provide. I have provided all documentation that AXA has provided me.
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 MATTHEW JOSEPH SCHULZ, click here.
The use of BrokerCheck data is subject to the BrokerCheck Terms of Use.
×
Outdated Information
If you discover any errors or outdated information on this Website, please contact us and we will promptly correct such errors or outdated information.
If BrokerCheck® is the source of such errors or outdated information, please contact FINRA at (301) 590-6500.
×
BrokerSearch Removal
Brokersearch.info will not fully remove items from this Website without an applicable court order designating them for removal. Investors rely on the information available on this Website to decide whether to choose or retain a broker or investment adviser.
Upon written request, we may remove certain page(s) from appearing in search engine results using the robots.txt protocol.
When a person searches for your name using Google, Bing, Yahoo! and other search engines the page(s) from Brokersearch.info would not appear in the search results.
Please contact us to learn more about Search Engine Removal.