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Bret Schaefer Of Landolt Securities Inc. And Formerly With Woodbury Financial Services, Inc. Has 8 Customer Complaints For Alleged Broker Misconduct

Who is Bret Schaefer of Landolt Securities Inc.?

Bret Schaefer

Bret Schaefer (CRD #2577117) who is currently registered as a broker with Landolt Securities Inc. and located in Antioch, Illinois, is a subject of one of our many securities industry sales practice abuse investigations. Prior to Landolt Securities Inc., Bret Schaefer was associated with Woodbury Financial Services, Inc. and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

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Bret Schaefer Customer Complaints

Bret Schaefer has been the subject of 8 customer complaints that we know about to recover investment losses. Four of the customer complaints were settled by Woodbury Financial Services in favor of the investors. Four of the other customer complaints were denied by Bret Schaefer’s employer and, to date, investors have not taken any further action.

Allegations Against Bret Schaefer

A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses follows:

  • Unsuitable recommendation of the variable annuity contract.
  • Misrepresentation of the time horizon of alternative investments.
  • Unauthorized trading and unsuitable alternative product recommendations.
  • Misrepresentation of the time horizon of an investment.
  • Unsuitable variable annuity contract investment.
  • Misrepresentation of the features, fees, and expenses of a variable annuity contract.
  • Misrepresentation of investment product and without full explanation of market risk.

Bret Schaefer Red Flags & Your Rights As An Investor

Of course, Bret Schaefer did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Bret Schaefer at Landolt Securities Inc. and Woodbury Financial Services, Inc. on alert to review carefully the activity and performance of their accounts and question whether Bret Schaefer has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Landolt Securities Inc. and Woodbury Financial Services, Inc. also raises questions about the brokerage firms’ supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.

Did You Lose Money Because of Broker Misconduct?

best investment fraud lawyers

If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.

Need Legal Help? Let’s talk.

or, give us a ring at 561-338-0037.

File A Claim To Recover Your Investment Losses At Landolt Securities Inc. Due To Bret Schaefer

If you have questions about Landolt Securities Inc., Woodbury Financial Services, Inc. and/or Bret Schaefer and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.

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Robert Wayne Pearce

Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $170 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.

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