September 29, 2015- Katy, Texas
Matthew T. Schomburg , entered into a Letter of Acceptance Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA) to resolve allegations that from 11/2010-8/2013 he engaged in outside business activities and failed to give notice to his firm in violation of FINRA rules.
In addition, between May 2006-July 2012, Schomburg permitted employees to engage in a practice of signing insurance customer signatures on certain insurance documents in violation of NASD and FINRA rules.
AWC No. 2013038573201
Schomburg was fined $15,000 and suspended from association with any FINRA regulated broker-dealer r for six months.
According to FINRA records, Schomburg was registered with State Farm VP Management Corp. from 6/2001-10/2013.
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