The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Arizona-based First Financial Equity broker/adviser John Schooler (CRD# 2368308).

John Schooler has spent 22 years in securities industry and has been registered with First Financial Equity in Scottsdale, Arizona since 2011. Previous registrations include WFP Securities in San Diego, California (1994-2011); JRL Capital Corporation in Newport Beach, California (2011); and Montano Securities Corporation in Orange, California (1993-1994). Mr. Schooler is a registered broker and investment adviser in California.

According to his BrokerCheck report, John Schooler is the subject of 26 customer complaints.

  • In 2012 a customer alleged John Schooler, as President of WFP Securities, breached his fiduciary duty, failed to supervise his representatives, and recommended an unsuitable investment in oil and gas interests. The complaint settled in 2014 for $1,000,000.
  • In 2012 a customer alleged John Schooler, as President of WFP Securities, breached his fiduciary duty, breached contract, acted negligently, and failed to supervise his representatives. The complaint settled in 2014 for $1,000,000.
  • In 2011 a customer alleged John Schooler, as President of WFP Securities, breached contract, breached his fiduciary duty, acted negligently, and failed to supervise his representatives. The complaint settled in 2014 for $1,000,000.
  • In 2011 a customer alleged John Schooler, as President of WFP Securities, negligently misrepresented material facts related to an investment, breached his fiduciary duty, failed to supervise his representatives, and violated California code. The complaint settled for $15,000.
  • In 2011 a customer alleged John Schooler, as President of WFP Securities, recommended an unsuitable investment in direct private placement and limited partnership interests. The complaint settled for $1,000,000.
  • In 2011 a customer alleged John Schooler, as President of WFP Securities, breached his fiduciary duty, breached written and oral contracts, and failed to supervise his representatives. The complaint settled for $1,000,000.
  • In 2010 a customer alleged John Schooler, as President of WFP Securities, acted negligently, failed to supervise his representatives, and breached his fiduciary duty. The complaint settled in 2011 for $75,000.
  • In 2010 a customer alleged John Schooler, as President of WFP Securities, breached his fiduciary duty, breached written and oral contracts, and failed to supervise and control his representatives. The complaint settled in 2011 for $20,000.
  • In 2010 a customer alleged John Schooler, as President of WFP Securities, engaged in fraud, deceit, and elder abuse, breached his fiduciary duty, and recommended an unsuitable investment. The complaint settled in 2011 for $90,000.

If you have lost money investing with John Schooler or WFP Securities, you may be entitled to recover your losses. Call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on contingency: Fitapelli Kurta only gets paid if and when you recover money. Time to file your claim may be limited, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.