Investors might have sustained losses due to securities broker Benjamin Melvin Schick [CRD: 4897243, Lake Mary, Florida], according to publicly available information reported on FINRA BrokerCheck. Schick has worked with Cobalt Capital Inc. since December 6, 2005, where he continues to work today. Read on to learn more about a pending investor dispute and the allegations involving unsuitable investment recommendations.
Evidently, a client of Cobalt Capital contested Benjamin Schick’s sales practices by filing FINRA Arbitration No. 25-00465 on March 22, 2025. Allegedly, Schick misrepresented or omitted facts, made unsuitable recommendations, and breached a fiduciary duty. Allegedly, Schick caused the client to sustain damages on private placements including iCap investments. As a result, the client seeks compensation from Cobalt Capital or Schick in the amount of $900,000 in this ongoing matter.
Unsuitable recommendations arise when securities brokers or financial advisors encourage clients to purchase investments that do not match their investment goals, risk tolerance, or financial profile. Private placements—unregistered securities often offered to a limited number of investors—can be especially risky and illiquid. If a broker fails to properly evaluate the client’s needs or discloses incomplete or misleading information, these recommendations may violate regulatory standards and result in significant investor losses.
Do you have concerns or questions regarding investments you made with Benjamin Schick? You can get in touch with Soreide Law Group online or at (888) 760-6552 and consult with a securities attorney about a possible recovery recovery. Soreide Law Group has helped to recoup losses for clients throughout the United States. Also, the firm works on a contingency fee basis and advances all costs. Schick and brokerage firms Schick worked for deny accusations of sales practice violations.
Soreide Law Group is investigating potential investor claims involving Blue Owl Capital Corporation (NYSE: OBDC), including whether brokers and financial advisors properly explained the risks surrounding this publicly traded business development company and its related private credit platform. OBDC invests primarily in loans to middle-market companies and is often marketed as an income-generating investment. However, […]
Investors potentially experienced sales practice violations by securities broker Mark Perry Kissinger [CRD: 4546631, Frisco, Texas], given the disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Kissinger worked for NYLIFE Securities LLC since November 27, 2018, and Eagle Strategies LLC since March 15, 2023. Read on for a better understanding about the disclosures involving this […]
Investors have reportedly disputed the sales practices of securities broker Robert Steven Wilkinson [CRD: 1180321, Oakland, California], according to publicly available information found on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Wilkinson worked for Western International Securities Inc. from November 26, 2013, to June 5, 2025, and later registered with LPL Financial LLC beginning June 5, […]
Phone:
Fax: 1-954-760-6553
Email: info@securitieslawyer.com