INDEPENDENCE CAPITAL CO., INC.

INDEPENDENCE CAPITAL CO., INC. of PARMA, OH is an SEC-registered investment adviser (CRD 24723). Regulatory assets under management: $118.7M.

Registration

Business model

Compensation: % of AUM, Hourly.

Clients served: Individuals, High net worth, Charities.

Officers, owners & control persons (3)

NameRoleLocation
Thomas Gregory ScheimanPRESIDENT, CROP, SROP
David William ToetzVP
Dennis Clarence TwarogowskiCHIEF COMPLIANCE OFFICER

Disclosures (18)

InitiatedTypeAllegationsStatusAmount
2025-12-22regulatoryON NOVEMBER 17, 2025, WITHOUT ADMITTING OR DENYING THE FINDS, MR. SCHEIMAN ENTERED INTO AN ACCEPTANCE, WAIVER AND CONSENT ("AWC") WITH FINRA WHEREIN RESPONDENT CONSENTED TO THE ENTRY OF FINDINGS THAT IN AUGUST AND SEPTEMBER OF 2020, MR. SCHEIMAN RECOMMENDED AND SOLD TO ONE RETAIL CUSTOMER A $100,000…Final
2025-11-17regulatoryTHE FIRM CONSENTED TO FINDINGS THAT IT FAILED TO REASONABLY SUPERVISE CERTAIN PURCHASES OF GWG BONDS. THE FIRM'S CCO AND TWO INDIVIDUALS ENTERED INTO CONSENTS ARISING FROM THE SAME SUBJECT MATTER.Final$15K
2025-01-15civilFAILURE TO SUPERVISE A REGISTERED REPRESENTATIVE WHO PUT CUSTOMERS IN A NON EXISTING REAL ESTATE PROGRAMPending
2018-11-15regulatoryINDEPENDENCE VIOLATED THE SECURITIES ACT BY EMPLOYING OR ASSOCIATING WITH THREE UNREGISTERED AGENTS AND EMPLOYING OR ASSOCIATING WITH AN UNREGISTERED INVESTMENT ADVISER REPRESENTATIVEFinal$10K
2001-01-17regulatoryINDEPENDENCE CAPITAL DID NOT MAINTAIN A REGISTERED AGENT IN MARYLAND AS REQUIRED BY THE SECURITIES COMMISSIONER.Final
1999-08-30regulatoryFAILURE TO MAINTAIN MINIMUM NET CAPITAL (SEC RULE 15C3-1; NASD 2110.Final$2K
regulatory

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