INDEPENDENCE CAPITAL CO., INC. of PARMA, OH is an SEC-registered investment adviser (CRD 24723). Regulatory assets under management: $118.7M.
Compensation: % of AUM, Hourly.
Clients served: Individuals, High net worth, Charities.
| Name | Role | Location |
|---|---|---|
| Thomas Gregory Scheiman | PRESIDENT, CROP, SROP | — |
| David William Toetz | VP | — |
| Dennis Clarence Twarogowski | CHIEF COMPLIANCE OFFICER | — |
| 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 | — | — | — |