Raymond Daniel Schmidt—Borrowing Money from Clients

Cleveland stockbroker fraud lawyer

Raymond Daniel Schmidt, Ex-LPL Broker, Allegedly Borrowed Money from Clients Raymond D. Schmidt allegedly borrowed money from clients, which is a violation of securities regulations and against many securities brokerage firms’ policies, according to recent documents from FINRA. The former LPL Financial LLC broker allegedly borrowed nearly $2.3 million from clients to build a vacation… Read more »

Raymond Schmidt—Industry Bar for Alleged Undisclosed Loans

Ponzi scheme attorneys

Raymond Schmidt, Ex-LPL broker, Barred over Loans Regarding Luxury Hawaii Vacation Property Raymond Schmidt allegedly borrowed approximately $2.25 million from customers in order to build a Hawaiian island retreat without first properly notifying his firm, LPL Financial, according to FINRA. Between 2009 and 2012, Raymond Schmidt, of Oceanside, California, allegedly took out $2.25 million in… Read more »