Investigation Into Jeffrey Schuur of Oakwood Capital: What Investors Need to Know
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Haselkorn & Thibaut has opened an investigation into Jeffrey Schuur, a financial advisor registered with Oakwood Capital in St. Louis Park, Minnesota. This investigation follows recent regulatory action by the Financial Industry Regulatory Authority (FINRA) concerning unsuitable variable annuity recommendations made to senior clients.
If you’ve worked with Jeffrey Schuur or have concerns about your variable annuity investments, understanding the details of this case could be crucial for protecting your financial interests.
Understanding the Recent FINRA Action Against Jeffrey Schuur
In October 2025, FINRA took disciplinary action against Jeffrey Schuur (CRD# 2391965) through a Letter of Acceptance, Waiver, and Consent (AWC No. 2020065145801). The regulatory body found that between 2017 and 2020, Schuur recommended seven variable annuity exchanges to three senior retail customers without having a reasonable basis to believe these transactions were suitable.
The consequences were significant:
- Two-month suspension from associating with any FINRA member firm
- $5,000 fine
- Violations of FINRA Rules 2330, 2111, and 2010
Red Flags: What Went Wrong with These Variable Annuity Recommendations
Variable annuities are complex financial products that require careful consideration, especially for senior investors. FINRA found that five of the seven exchanges depleted or eliminated the customers’ living benefit riders – essential features that many seniors rely on for retirement income protection.
| Key Finding | Impact on Investors |
|---|---|
| Failed to consider loss of existing benefits | Customers lost accumulated benefit bases |
| Unsuitable recommendations for senior clients | Transactions misaligned with investment goals |
| Multiple rule violations | Pattern of problematic advice over 3 years |
These findings suggest a pattern where customer interests may not have been the primary consideration when making these complex investment recommendations.
Jeffrey Schuur’s Professional Background at Oakwood Capital
With 32 years in the securities industry, Jeffrey Schuur has maintained a long career in financial services. He’s been registered with Oakwood Capital since the mid-1990s – as a broker since 1994 and as an investment advisor since 1995. His extensive credentials include passing five major securities exams and holding 26 state licenses.
You can verify his registration status and review his complete regulatory history on FINRA’s BrokerCheck.
Why Variable Annuity Suitability Matters for Your Portfolio
Variable annuities often come with:
- High fees that can erode returns
- Surrender charges that lock in your money for years
- Complex features that may not align with your needs
- Tax implications that could affect your retirement planning
When advisors recommend exchanging one annuity for another, they must carefully weigh whether the new product truly benefits the client. The loss of accumulated benefits or living riders can significantly impact retirement income, especially for seniors who depend on these features.
Warning Signs to Watch For in Your Investment Account
If you’ve worked with Jeffrey Schuur or any advisor at Oakwood Capital, consider reviewing your account for these potential red flags:
- Frequent annuity exchanges: Multiple switches between products in a short timeframe
- Loss of valuable features: Disappearing benefits or riders after an exchange
- Increased fees: Higher costs without corresponding benefits
- Unclear explanations: Difficulty understanding why changes were recommended
What This Means for Current and Former Clients
If you invested with Jeffrey Schuur between 2017 and 2020, or have concerns about variable annuity recommendations made by him or other Oakwood Capital advisors, you may have options for recovering losses. The FINRA action establishes a documented pattern of unsuitable recommendations that affected multiple senior investors.
Even if you’re unsure whether your investments were affected, reviewing your account statements and transaction history could reveal important information about whether you received suitable investment advice.
Your Rights as an Investor
Investors have the right to:
- Receive suitable investment recommendations based on their individual circumstances
- Have their best interests prioritized by their financial advisor
- Understand all costs and risks associated with recommended investments
- Seek recovery if they’ve suffered losses due to unsuitable advice
Take Action to Protect Your Financial Future
The regulatory action against Jeffrey Schuur highlights the importance of staying informed about your financial advisor’s record and understanding whether your investments truly serve your best interests. Senior investors, in particular, deserve careful, suitable advice that preserves their retirement security.
If you’ve suffered losses or have concerns about variable annuity recommendations made by Jeffrey Schuur or other advisors at Oakwood Capital, don’t wait to seek guidance. Haselkorn & Thibaut, a national securities law firm with over 50 years of experience and a 98% success rate, can help you understand your options.
Get Your Free Consultation Today
Call Haselkorn & Thibaut at 1-888-628-5590 to discuss your situation with experienced investment fraud attorneys. With millions recovered for clients and a no recovery, no fee policy, you have nothing to lose by exploring your options.
Time limitations may apply to investment loss claims, so acting promptly could be crucial to protecting your rights and potential recovery. Contact Haselkorn & Thibaut today to learn more about how they can help you navigate this complex situation and work toward recovering your losses.
