Recognition
Credibility you can look up — not badges from a directory.
The book
Co-authored with my husband Douglas J. Schulz — a former stockbroker, compliance officer, and one of the country’s most sought-after securities expert witnesses — Brokerage Fraud walks through how the retail brokerage industry actually works: commissions and churning, sales targets and suitability, margin sellouts, annuities to wrap accounts. And what an investor can do about all of it.
Reviewers called it a wake-up call. One reviewer was a serving vice president of a major brokerage firm — and even he told readers to take our advice.
The reviews
“That's why you might do a favor for any friends who still use a stockbroker by giving them Brokerage Fraud: What Wall Street Doesn't Want You to Know... they make enough of a case to get even very trusting investors to (wisely) think thrice about any broker's advice.”
“This book is a timely wake-up call to the brokerage industry to clean up its ways. Honest brokers have nothing to fear from this book.”
“Tracy Stoneman and Douglas Schulz certainly know what Wall Street brokerage firms wish you didn't. Even if the largest, most reputable firms are managing your money - and especially if you're working with a firm no one ever heard of - you owe it to yourself and your family to take the authors' advice.”
“What could well be the first truly in-depth examination of the many ways, and potential ways, that the investing public gets ripped off... In spite of its hard-edged tone, it really is a cookbook for a clean retail brokerage.”
“The authors battle stockbrokers for a living... they make enough of a case to get even very trusting investors to (wisely) think thrice.”
The record
The Wall Street Journal — March 1994
My Prudential Securities limited-partnership cases landed on the front page of the business section — because my clients were pressuring Prudential to offer higher settlements. It worked, and I obtained excellent settlements for my clients.
Kramer v. Smith Barney, 80 F.3d 1080 (5th Cir. 1996)
First case in Texas/federal court to hold that the six-year eligibility rule can be extended by proof of ongoing fraud or concealment — a victory for all investors, still cited against firms that claim the clock starts at the date of purchase.
PIABA — Board of Directors, 1999–2005
An early member of the Public Investors Arbitration Bar Association (since 1990), elected by fellow investors’ attorneys to six years on its board.
Judge & arbitrator
Former municipal judge (Cockrell Hill, Texas) and former NASD/NYSE arbitrator — I have sat where your panel sits, which changes how you argue to one.
Your move
Tell me what happened. I will tell you honestly whether you have a case worth pursuing — and every way I can be paid, including contingency: nothing unless you recover.