Former Broker Randy Schneider Sentenced to Prison

Randy Schneider will be spending the next six years in prison after stealing almost $1 million from two elderly clients. Schneider was a broker at Oppenheimer & Co. until he was fired after the firm discovered he misappropriated checks from one of the victims.

Generally, an investment firm has a duty to monitor the actions of their registered representatives to ensure the representatives are acting in the best interest of their clients in order to prevent the type of criminal activity committed by Randy Schneider.

Investors who believe they lost money as a result of investment fraud or misconduct may contact the securities lawyers at Peiffer Rosca, Alan Rosca or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at 888-998-0520.

Alan Rosca (1180 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.


In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.