Jon Schmidhammer, Financial Advisor Barred from Securities Industry by SEC | Goodman & Nekvasil P.A., May Recover Investor Losses
Jon Schmidhammer CRD #1548931
Jon Schmidhammer was a formerly licensed financial advisor with Stifel, Nicolaus & Company, Incorporated. According to Jon Schmidhammer’s CRD, Jon Schmidhammer was barred from the securities industry in June 2018.
According to Jon Schmidhammer’s CRD, the SEC found that on March 14, 2017, in the criminal division of the Court of Common Pleas for Franklin County, Ohio, Schmidhammer pled guilty to one count of unlawful securities practices, a second-degree felony. State of Ohio v. Jon B. Schmidhammer, Case No. 16-CR-004165. On May 4, 2017, the court entered judgment against Jon Schmidhammer and sentenced him to five years of “Community Control Under Basic Supervision,” pursuant to which he was ordered to serve thirty consecutive weekends at the county jail and a term of post-release supervision. The court also ordered Jon Schmidhammer to pay $196,387.25 in restitution. The count of the indictment to which Jon Schmidhammer pled guilty alleged that Schmidhammer violated Section 1707.44 of the Ohio Revised Code by engaging, as an investment adviser representative, in a course of business that operated as a fraud upon a person.
According to Jon Schmidhammer’s CRD, an arbitration claim was filed alleging negligence, unsuitable management, unauthorized trading, violations of the Ohio Securities Act, breach of contract, breach of fiduciary duty, and conversion. According to Jon Schmidhammer’s CRD, this arbitration claim was settled for $499,000.
If you lost any money on investments with Jon Schmidhammer, you may be able to recover your losses. If you lost money on investments with Jon Schmidhammer and believe the investments may have been unsuitable or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action concerning Jon Schmidhammer’s conduct. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.
Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. Goodman & Nekvasil, P.A. has recovered more than $180 million on behalf of victimized investors. If you lost money on investments with Jon Schmidhammer and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.
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