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Rick Schofield Allegedly Failed to Follow Instructions

Rick Schofield (CRD #: 2197999), a broker registered with Money Concepts, was involved in a recent investor dispute, according to his BrokerCheck record, accessed on June 16, 2022. Read on to learn more about Rick Schofield’s conduct as a broker.

Alleged Failure to Follow Instructions

On April 21, 2022, an investor alleged that Rick Schofield failed to follow instructions and that the client no longer had access to his accounts. The investor sought $70,000 in damages but the dispute was denied by the firm following an investigation.

FINRA Rule 2010 requires brokers to uphold high standards of commercial honor and just and equitable principles of trade.

However, investors should know that firms do not need to permit an external review before denying disputes. Investors can still take their disputes to FINRA and potentially recover their losses through arbitration.

Background Information

Rick Schofield has passed the following exams:

  • Series 63 – Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination

Rick Schofield is a registered broker in 19 states and a registered investment adviser in Florida.

He has also worked for American Express Financial Advisors (CRD#:6363) and IDS Life Insurance Company (CRD#:6321).

Kurta Law Can Help

If you worked with Rick Schofield and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and 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. 

 

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