Ethan Schmidt Subject of Allegations Regarding Movie Products Private Offerings

Ethan Schmidt (CRD #: 6694002), a previously registered broker with The Leaders Group, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on May 21, 2024. Keep reading if you have questions regarding his alleged conduct. 

Investor Allegations 

On March 20, 2024, an investor alleged that Ethan Schmidt did not fulfill his duty of loyalty and did not provide reasonable due diligence on movie production private offerings. At the time, the investor alleged he was employed with Schmidt Advisory Services, d/b/a as Catalyst Wealth Management.

The investor is seeking $110,000,000. 

Civil Action 

On March 5, 2024, claimants alleged that Ethan Schmidt did not fulfill his duty or loyalty and provide due diligence on movie production private offerings. 

High Standards of Commercial Honor 

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Failing to fulfill a duty of loyalty would violate this rule. 

Background Information 

Ethan Schmidt has passed the following exams:

• Series 66 Uniform Combined State Law Examination 
• SIE – Securities Industry Essentials Examination 
• Series 7 General Securities Representative Examination 

He has registered with the following firms: 

• The Leaders Group (CRD #: 37157) 
• Merrill Lynch, Pierce, Fenner & Smith (CRD #: 7691) 

Kurta Law Can Help 

If you have worked with Ethan Schmidt and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. Do not let securities fraud go unchecked. Start your recovery process today.