Securities Lawyers Blog
The law offices of Gana Weinstein LLP are currently investigating claims that Broker Michael Schmidt (Schmidt) has been accused by investors of engaging in fraudulent misappropriation of their funds. According to records kept by The Financial Industry Regulatory Authority (FINRA), it appears that Schmidt was employed by Morgan Stanley at the time of the activity. If you have been a victim of Schmidt’s alleged misconduct our firm may be able to assist you in recovering funds.
FINRA BrokerCheck shows a settled customer complaint on December 14, 2022.
Claimant alleged, inter alia, forgery and misappropriation of funds from inherited IRA account 2019-2022.