DID DOUGLAS GENE SCHMITZ CAUSE YOU INVESTMENT LOSSES?
Douglas Schmitz Of Classic, LLC Has 3 Customer Complaints For Alleged Broker Misconduct
Who is Douglas Schmitz of Classic, LLC?
Douglas Schmitz (CRD #1771132) who is currently registered with Classic, LLC and located in Fargo, North Dakota is a subject of one of our many securities industry sales practice abuse investigations.
Douglas Schmitz Customer Complaints
Douglas Schmitz has been the subject of 3 customer complaints that we know about, which were filed to recover investment losses. One of Douglas Schmitz’s 3 customer complaints was settled in favor of investors. One of Douglas Schmitz’s customer complaints was denied, and, to date, the customer has not taken any further action. There is currently 1 pending customer complaint filed against Douglas Schmitz’s current employer Classic, LLC for investment losses caused by the alleged misconduct.
Allegations Against Douglas Schmitz
A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:
- Failure to execute trade in client’s account.
- Failure to follow client’s directions to liquidate account.
- Breach of fiduciary duty related to leveraged ETF’s.
Douglas Schmitz Red Flags & Your Rights As An Investor
Of course, Douglas Schmitz 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 Douglas Schmitz at Classic, LLC on alert to review carefully the activity and performance of their accounts and question whether Douglas Schmitz has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Classic, LLC also raises questions about the brokerage firm’s supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
File A Claim To Recover Your Investment Losses At Classic, LLC Due To Douglas Schmitz
If you have questions about Classic, LLC and/or Douglas Schmitz 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.