Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Sanford Schmidt (Schmidt), currently associated with the Leaders Group, INC., has at least 2 disclosable events. These events include 2 customer complaints, alleging that Schmidt recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a pending customer complaint with a damage request of $1,000,000.00 on March 12, 2024.
Client invested in a 12% interest bearing note paying 1% per month in June 2021. In January 2023 client renewed the notes. In December 2023, CUMF company filed for bankruptcy, defaulted on payment.