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Still Living the Lie

Schwab continues to insist they want small RIA's. They continue to insist they do not discriminate against small RIA's. Yet, they will terminate a small RIA for swearing on the phone, and allow a larger RIA, who stole money from client accounts, to stay on their platform. Google Richard T Diver and see what he did to hundreds of RIA account holders. He worked for M&R Capital before he went to prison. M&R Capital custodies with Charles Schwab. They have $500M AUM.

And do you know how Schwab terminates RIA contracts? Well, one thing they do is write a letter to every RIA client....

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SEC fines Schwab $187M

This company is despicable. Parades around on a white horse as the protector when in fact they are the destroyer. They have one goal - strip investors bare.

SEC slams Schwab

Read today’s SEC action against Schwab. They were fined $187M for egregious behavior. They lied to their clients. Maybe they should be kicked off their own platform!!!

Stephen Albert Greco

Aka David - just threw a rock at Goliath. He filed a lawsuit against Schwab and others . He used a phrase - “Silencing and Retaliation Scheme”. Schwab is a corporate bully out to destroy small RIA’


Broker Dealers seem quite casual, if not indifferent, to informing RIA clients that they have terminated the contract with their advisor. Almost like telling a motorist he left his car lights on. Broker Dealers refer to these individuals as account holders, while RIA's refer to them as clients. If you ask a compliance person at a Broker Dealer how the recipients of the notice of termination are likely to "feel" after receiving notice, they will show you that they have not given the matter much thought, and really don't care. 

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