Investor Alleges Robert Schmidt Failed to Fully Disclose Facts
Robert Schmidt (CRD #: 6920482), a broker registered with Realized Financial, is involved in a pending investor dispute, according to his BrokerCheck record, accessed on May 3, 2023. Read on if you want to know more about his alleged conduct as a broker.
In a dispute filed on February 13, 2023, an investor alleged that Robert Schmidt failed to conduct reasonable due diligence and to provide full disclosure relating to NP Skyloft DST. This dispute is currently pending.
FINRA Rule 2111 and Regulation Best Interest
FINRA Rule 2111 requires brokers to tailor their investment recommendations to suit investors’ profiles. These profiles describe an investor’s tax status, risk tolerance, and financial goals.
Regulation Best Interest (Reg-BI) is an SEC regulation that requires brokerage firms to put their clients’ best interests first. For example, firms must conduct reasonable due diligence when researching investments to ensure their recommendations are suitable for the investor.
FINRA Rule 2020
FINRA Rule 2020 prohibits the use of deceptive, manipulative, and otherwise fraudulent methods to influence investors’ decisions. Misrepresenting or omitting facts concerning an investment’s fees, limitations, or other features violates this rule.
Robert Schmidt has passed the following exams:
- Series 63 – Uniform Securities Agent State Law Examination
- SIE – Securities Industry Essentials Examination
- Series 22 – Direct Participation Programs Representative Examination
Robert Schmidt is a registered broker in all 50 states and the District of Columbia.
He has also worked for WealthForge Securities (CRD#:152550).
Kurta Law Can Help
If you worked with Robert Schmidt and you have concerns about your investments, please contact us today at 877-600-0098 or firstname.lastname@example.org 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.