Haselkorn & Thibaut, a national investment fraud law firm, has opened an investigation into financial advisor Scott B. Schreiber, currently registered with Arkadios Capital in Alpharetta, Georgia. If you’ve invested with Mr. Schreiber or have concerns about your investments, understanding his regulatory history and the red flags in his record is crucial for protecting your financial interests.
Understanding Scott Schreiber’s Background
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Scott B. Schreiber (CRD# 4637529) has been in the securities industry since 2004, accumulating nearly two decades of experience. Currently affiliated with Arkadios Capital since May 2021, he operates from their Alpharetta, Georgia office. His career path includes positions at several firms:
- Arkadios Capital (May 2021 – Present)
- Kestra Investment Services (2018 – 2021)
- H.D. Vest Investment Services (2004 – 2018)
While longevity in the industry can indicate stability, it’s the pattern of complaints and regulatory issues that raises significant concerns for investors.
Red Flags: Customer Complaints and FINRA Actions
Mr. Schreiber’s BrokerCheck record reveals multiple customer disputes and regulatory actions that warrant careful consideration:
Customer Disputes
| Date | Allegation | Damages Requested | Status |
|---|---|---|---|
| March 2024 | Unsuitable investment advice, misrepresentations, breach of fiduciary duty | $150,000 | Pending |
| August 2019 | Unsuitable recommendations, breach of fiduciary duty, negligence | $100,000 | Settled: $85,000 |
These complaints involve serious allegations including unsuitable investment recommendations and breach of fiduciary duty. When multiple clients raise similar concerns, it suggests a pattern that investors should not ignore.
FINRA Regulatory Action
In December 2023, FINRA censured and fined Mr. Schreiber $7,500 for violating industry rules. The specific violation involved:
- Outside business activity violations – conducting business activities without proper disclosure to his firm
- Settlement without admitting or denying the findings
- Payment of the fine and acceptance of censure
Why These Issues Matter to Investors
Unsuitable investment recommendations occur when a financial advisor places clients in investments that don’t align with their risk tolerance, investment objectives, or financial situation. This can lead to:
- Significant financial losses
- Exposure to unnecessary risk
- Failure to meet retirement or financial goals
- Emotional distress and financial hardship
Breach of fiduciary duty represents a fundamental violation of the trust relationship between advisor and client. Financial advisors must act in their clients’ best interests, not their own.
Outside business activities violations raise concerns about transparency and potential conflicts of interest. When advisors engage in undisclosed business activities, it may compromise their ability to provide unbiased advice.
The Grandway REIT Connection
Recent developments indicate potential concerns regarding Grandway REIT Holdings Inc., a real estate investment trust that some advisors may have recommended to clients. According to information from July 2025, Grandway REIT consists of a diversified portfolio of residential and commercial properties across the United States.
Key concerns for investors in REITs include:
- Liquidity restrictions – difficulty selling when needed
- Market volatility and property value fluctuations
- High fees and commissions
- Complex structures that may not be suitable for all investors
What Investors Should Do Now
If you’ve worked with Scott Schreiber or invested through Arkadios Capital, taking immediate action to protect your interests is essential:
- Review all account statements and investment documents
- Document any losses or concerns about unsuitable investments
- Gather all communications with your advisor
- Consider seeking professional legal guidance
How Haselkorn & Thibaut Can Help
Haselkorn & Thibaut brings over 50 years of experience in investment fraud law, with a 98% success rate and millions recovered for clients nationwide. Our team understands the complexities of securities law and the challenges investors face when dealing with unsuitable recommendations or advisor misconduct.
We operate on a “No Recovery, No Fee” basis, meaning you pay nothing unless we successfully recover compensation for your losses. Our attorneys will:
- Thoroughly review your investment history
- Evaluate the suitability of recommendations made
- Determine if you have grounds for recovery
- Guide you through the FINRA arbitration process
Time Is Critical – Act Now
Securities claims have strict time limitations. The longer you wait, the more difficult it becomes to recover losses. With pending complaints against Mr. Schreiber and ongoing investigations into various investment products, now is the time to understand your rights and options.
Don’t let unsuitable investment recommendations or advisor misconduct jeopardize your financial future. You’ve worked hard for your money, and you deserve an advisor who puts your interests first.
Call Haselkorn & Thibaut today at 1-888-885-7162 for a FREE, confidential consultation. Our experienced investment fraud attorneys will review your case at no cost and help you understand your legal options. Remember – there’s no fee unless we recover compensation for you.
Your financial security matters. If you have concerns about investments made through Scott Schreiber or Arkadios Capital, don’t wait. Contact Haselkorn & Thibaut at 1-888-885-7162 and take the first step toward protecting your financial future.
