# INDEPENDENCE CAPITAL CO., INC.

INDEPENDENCE CAPITAL CO., INC. of PARMA, OH is an SEC-registered investment adviser.

## Registration

- CRD: 24723
- Type: SEC-registered investment adviser
- SEC file number: 801-136903
- Location: 5579 PEARL ROAD, STE 100, PARMA, OH, 44129
- Phone: 440-888-7000
- Latest filing: 2026-07-24
- Regulatory AUM: $118.7M
- Discretionary AUM: $118.1M
- Non-discretionary AUM: $550K
- Clients: 43
- Accounts: 300

## Business model

- Compensation: % of AUM, Hourly
- Clients served: Individuals, High net worth, Charities

## Officers, owners & control persons (3)

| Name | Role | Location |
| --- | --- | --- |
| Thomas Gregory Scheiman | PRESIDENT, CROP, SROP | — |
| David William Toetz | VP | — |
| Dennis Clarence Twarogowski | CHIEF COMPLIANCE OFFICER | — |


## Disclosures (18)

| Initiated | Type | Allegations | Status | Amount |
| --- | --- | --- | --- | --- |
| 2025-12-22 | regulatory | ON 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 | — |
| 2025-11-17 | regulatory | THE 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 |
| 2025-01-15 | civil | FAILURE TO SUPERVISE A REGISTERED REPRESENTATIVE WHO PUT CUSTOMERS IN A NON EXISTING REAL ESTATE PROGRAM | Pending | — |
| 2018-11-15 | regulatory | INDEPENDENCE VIOLATED THE SECURITIES ACT BY EMPLOYING OR ASSOCIATING WITH THREE UNREGISTERED AGENTS AND EMPLOYING OR ASSOCIATING WITH AN UNREGISTERED INVESTMENT ADVISER REPRESENTATIVE | Final | $10K |
| 2001-01-17 | regulatory | INDEPENDENCE CAPITAL DID NOT MAINTAIN A REGISTERED AGENT IN MARYLAND AS REQUIRED BY THE SECURITIES COMMISSIONER. | Final | — |
| 1999-08-30 | regulatory | FAILURE TO MAINTAIN MINIMUM NET CAPITAL (SEC RULE 15C3-1; NASD 2110. | Final | $2K |
| — | regulatory | — | — | — |


## Related pages

- Form ADV Part 2 brochure: https://search.stillhousedata.com/firm/24723/brochure
- Similar advisers: https://search.stillhousedata.com/firm/24723/similar
- Related entities: https://search.stillhousedata.com/firm/24723/related
- SEC IAPD (source of record): https://adviserinfo.sec.gov/firm/summary/24723

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Source: public SEC Form ADV data via Adviser Search (https://search.stillhousedata.com).
Agents: this data is also queryable via MCP tools and read-only SQL — see https://search.stillhousedata.com/llms.txt.