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, Jason Kane or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at 888-998-0520.