Chris Calabresi: Charles Schwab Denies $1mm Complaint Against Advisor

A recent investor complaint against Naples, Florida financial advisor Chris Calabresi (CRD# 6554389) alleged that his advice resulted in seven-figure damages. Financial Industry Regulatory Authority records show that he is registered as a broker and an investment advisor with Charles Schwab & Company.

Mr. Calabresi’s BrokerCheck report discloses one investor complaint. Filed in July 2024, it alleged that as a representative of Charles Schwab & Company, he recommended an unsuitable pledged asset account in March 2022. The complaint alleged damages of $1,470,176.37 and was denied by the firm. “The firm’s review did not reveal any sales practice violations from the interactions,” states a comment included with the disclosure, “and found no wrongdoing on the part of the representative.”

Charles Schwab’s website includes a page describing its approach to wealth management and planning. “Schwab Wealth Advisory provides you with a comprehensive and personalized wealth management strategy that starts with your goals and adapts to your changing needs,” it explains. “Your dedicated advisor is backed by an experienced team of specialists who cover key aspects of your financial life. Backed by the safety, trust, and value you can expect from Schwab.”

According to the Financial Industry Regulatory Authority, Chris Calabresi holds eight years of securities industry experience. Based in Naples, Florida, he has been registered as a broker and an investment advisor with Charles Schwab & Company since 2019. His past registrations include TD Ameritrade (Dayton, Ohio; 2019), Fidelity Brokerage Services (Indianapolis, Indiana; 2015-2018), and Strategic Advisers (Indianapolis, Indiana; 2016-2018). His credentials include the passage of four securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Combined State Law Examination, or Series 66. He holds 28 state licenses. (Information current as of August 25, 2024.)

Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.