Pay Transparency

Thank you for your interest in a career at FINRA.

FINRA complies with all state and local pay transparency laws and regulations requiring the disclosure of salary ranges for the position. This website can be used to view the salary ranges for the position you are applying to if the work will be performed in CO, FL, TX, IL, PA, MA, VA, MD, Washington, DC, NY or NJ.

Using the following menu, select the city for which you are applying.

2022074289901 Thomas G. Scheiman CRD 1508288_Stephen M. Franko CRD 2157707 AWC ks (2025-1766017195957).pdf

In August and September 2020, Scheiman recommended that one retail customer and Franko recommended that three retail customers invest in GWG L Bonds, which were speculative, unrated corporate bonds. These recommendations were not in the customers' best interests, and Scheiman and Franko therefore willfully violated Rule 15/-1(a)(1) under the Securities Exchange Act of 1934 (Reg BI) and violated FINRA Rule 2010. For these violations, Scheiman is suspended for two months in all capacities, fined $5,000, and ordered to pay $2,600 in disgorgement plus interest.
Subscribe to