Securities Lawyers Blog
The law offices of Gana Weinstein LLP are currently investigating claims that advisor George Schmidt (Schmidt) has converted customer funds among other allegations. According to BrokerCheck records, Schmidt is formerly registered with The Financial Industry Regulatory Authority (FINRA) member firm Lincoln Financial Advisors Corporation (Lincoln Financial) out of the firm’s Melville, New York office location. In addition, Schmidt disclosed four customer complaint, one employment terminations for cause, and one regulatory action. If you have been a victim of Schmidt’s alleged misconduct our firm may be able to assist you in recovering funds.
According to FINRA, Schmidt refused provide documents and information to FINRA in connection with an investigation into allegations made by his firm upon his termation.
In November 2019 Lincoln Financial terminated Schmidt stating that he was discharged while under allegations of misappropriation related to undisclosed outside business activity serving as trustee for a non-family member.
Schmidt’s disclosed outside business activities include Schmidt Associates.