Haselkorn & Thibaut has opened an investigation into Thomas Scheiman of Independence Capital in Parma, Ohio. As a national law firm with a 98% success rate and decades of experience representing investors, Haselkorn & Thibaut is committed to helping those concerned about their investments and the conduct of their financial advisors. If you or a loved one have invested with Thomas Scheiman (CRD# 1508288) or have experienced losses, this comprehensive report is for you.
Understanding the Recent Regulatory Action Against Thomas Scheiman
In November 2025, Thomas Scheiman, a broker and investment advisor registered with Independence Capital in Parma, Ohio, was suspended and fined by the Financial Industry Regulatory Authority (FINRA) following the recommendation and sale of a GWG L Bond to an 83-year-old investor. This action is a crucial event that investors must be aware of, particularly regarding potential suitability and compliance issues.
What Happened?
- Customer Profile: The affected client was 83 years old. Their investment objective focused on income, not speculation.
- Misconduct Identified: Mr. Scheiman recommended and sold a $100,000 GWG L Bond to the customer. The transaction led to 50% of the client’s net worth being concentrated in this single security—raising significant red flags about portfolio concentration and suitability.
- Regulatory Violation: After investigation, FINRA found that Mr. Scheiman did not exercise reasonable care and diligence in ensuring the recommendation matched the customer’s investment objectives and risk tolerance. This failure violated SEC Regulation Best Interest and FINRA Rule 2010.
- Outcome: Mr. Scheiman was fined $5,000 and suspended from acting as a broker for two months. He received a commission of $2,600 on this transaction.
Investor Complaints and Disclosures
It’s important to review not only disciplinary actions but also any customer complaints and regulatory findings involving an advisor.
Complaints on Record
- Investor Complaint (January 2025): A pending investor complaint alleges that Thomas Scheiman failed to supervise another representative’s recommendations of a “non-existing” real estate investment. The claim seeks damages of $100,000 and is currently unresolved.
- Arbitration Filings: As of November 2025, no formal investor arbitrations or internal complaints are reported as filed against Mr. Scheiman according to public databases.
BrokerCheck Summary for Thomas Scheiman (as of November 2025):
| Disclosure Type | Summary |
|---|---|
| Customer Disputes / Arbitration | No arbitrations filed; one pending investor complaint (details above) |
| Regulatory Actions (FINRA / SEC) | FINRA disciplinary action: suspension (2 months) and $5,000 fine |
| SEC & State Regulator Filings | No matches found for enforcement actions |
| Civil Judicial Actions | No civil suits or court judgments currently recorded |
| Criminal Disclosures | None reported |
Professional Background of Thomas Scheiman
- Based in Parma, Ohio
- Registered Representative and Investment Advisor at Independence Capital (since 1990 and 2003, respectively)
- 38 years of securities industry experience
- Previously registered with HD Vest Investment Services and Robert Thomas Securities
- Passed 10 securities industry qualifying exams, including the Series 7, Series 24, Series 63, and Municipal Securities Principal exams
- Licensed in 18 states
Key Concerns and Red Flags
- Concentration Risk: Recommending a single illiquid product, like a GWG L Bond, that constituted half of a retired client’s net worth can significantly raise suitability concerns.
- Best Interest Violations: FINRA determined that Mr. Scheiman failed to act in the best interest of his elderly client, violating key industry rules designed to protect investors.
- Supervision Concerns: The pending investor complaint signals potential lapses in supervision and compliance culture at the firm.
- Regulatory Sanctions: A suspension and fine, even without other customer disputes, should prompt additional scrutiny and due diligence for investors considering working with this advisor.
What Should Investors Do Next?
If you have invested with Thomas Scheiman, particularly in GWG L Bonds or similar products, it’s vital to review your investment statements and reach out with any concerns about possible losses or unsuitable recommendations.
Haselkorn & Thibaut is offering free and confidential consultations for investors in Ohio and nationwide who may have claims related to GWG L Bonds or other securities recommended by Thomas Scheiman of Independence Capital. With a 98% success rate, millions recovered for harmed investors, and a national reputation for client-centered advocacy, there are no upfront costs — if there’s no recovery, you pay nothing.
Take Action:
- Request a free and confidential case evaluation by calling Haselkorn & Thibaut at 1-888-994-8066
- Review your advisor’s current record by visiting BrokerCheck
- Act quickly — securities claims can be time sensitive
Final Thoughts
Engaging an experienced and trustworthy investment fraud law firm can make a significant difference. If you believe you were misled or have questions about your portfolio, now is the time to get trusted answers. Haselkorn & Thibaut stands ready to guide you without cost or obligation. Whether you are in Parma, Ohio or elsewhere, take the first step and call 1-888-994-8066. Your financial peace of mind is our top priority.
