DID STANLEY JOHN SCHMIDT CAUSE YOU INVESTMENT LOSSES?
Stanley Schmidt Of Edward Jones Has 3 Customer Complaints For Alleged Broker Misconduct
Who is Stanley Schmidt of Edward Jones?
Stanley Schmidt (CRD #2198073) who is currently registered with Edward Jones and located in Leawood, Kansas is a subject of one of our many securities industry sales practice abuse investigations.
Stanley Schmidt Customer Complaints
Stanley Schmidt has been the subject of 3 customer complaints that we know about, one of those complaints was filed in the last year to recover investment losses. Two of Stanley Schmidt’s customers’ complaints were denied and, to date, the customers have not taken any further action. There is currently one pending customer complaint filed against Edward Jones for investment losses caused by Stanley Schmidt’s alleged misconduct.
Allegations Against Stanley Schmidt
A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:
- Client claimed his mother provided instructions to Stanley Schmidt allegedly to liquidate the shares of Sprint (S) held in his account without his authorization. Client stated his mother’s name was not on the account. Client requested that the 10,000 shares of S be reinstated in his account.
- Claimant alleged that he instructed Stanley Schmidt to liquidate stock holdings at or near the onset of the COVID-19 pandemic and his registered representative failed to follow those instructions. Claimant further alleged that the strategy implemented by Stanley Schmidt was inconsistent with the Claimant’s investment objective and placed the Claimant’s assets at risk.
- The client stated he came to Edward Jones to receive advice from a full service, conservative, brokerage firm. The client was unhappy with the advice he received and the performance of his account.
Stanley Schmidt Red Flags & Your Rights As An Investor
Of course, Stanley Schmidt 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 Stanley Schmidt at Edward Jones on alert to review carefully the activity and performance of their accounts and question whether Stanley Schmidt has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Edward Jones 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.
File A Claim To Recover Your Investment Losses At Edward Jones Due To Stanley Schmidt
If you have questions about Edward Jones and/or Stanley Schmidt 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.