Stoltmann Law Offices Files FINRA Arbitration Claim Against Charles Schwab & Co, Inc. for Perry Sawano Ponzi Scheme Losses

CHICAGO, May 12, 2014 (GLOBE NEWSWIRE) -- Stoltmann Law Offices announces it has filed a FINRA arbitration claim against Charles Schwab & Co., Inc. for clients of Perry Sawano. The claim relates to activities of Perry Sawano while affiliated with Providence Financial Services and Integrity Financial Consulting.

According to the Statement of Claim, Schwab had a duty to protect the customer assets of non-employee investment advisors like Perry Sawano. Schwab failed to reasonably adhere to its duties related to business activities relating to the disbursement of customer assets from accounts management by non-employee investment advisors and carried by Schwab.

According to Chicago attorney Andrew Stoltmann, "Successful ponzi schemes need banks and brokerage firms not adhering to their duties and responsibilities in order to flourish. We believe Schwab failed to carry out its responsibilities and this allowed Perry Sawano's scheme to flourish. We encourage other victims of Sawano to contact us to learn about all of their legal options, both lawsuits and FINRA arbitration claims."

CONTACT: Stoltmann Law Offices Andrew Stoltmann Esq. o: 312-332-4200 10 S. LaSalle 35th Floor Chicago, IL 60603 www.InvestmentFraud.PRO Andrew@stoltlaw.comSource:Stoltmann Law Offices P.C.