Dublin, Ohio, financial advisor, JON B. SCHMIDHAMMER (CRD# 1548931), 62, was indicted by a grand jury Monday, August 15, 2016, on one count of theft from a person in a protected class and unlawful securities practices.
Schmidhammer is accused of allegedly stealing a half-million dollars from his elderly client’s account and is now facing two felony counts.
The prosecutor said that Jon Schmidhammer was the financial advisor for an 81-year-old woman. He allegedly transferred more than $500,000 from January 2014 to July 2016, from her investment accounts to her bank accounts. Then using his elderly client's funds, Schmidhammer wrote checks to himself and paid personal bills.
This scheme was discovered when bank employees and police contacted the elderly victim after they suspected suspicious bank activity involving her account.
Jon B. Schmidhammer will be arraigned on August 26.
JON B. SCHMIDHAMMER (CRD# 1548931) has been registered in the securities industry for 29 years. Some of the firms he was listed with were:
05/2009 - 08/2016 STIFEL, NICOLAUS & COMPANY, INCORPORATED - DUBLIN, OH
03/2006 - 05/2009 MERRILL LYNCH, PIERCE, FENNER & SMITH INC - UPPER ARLINGTON, OH
11/2004 - 03/2006 ADVEST, INC. - HARTFORD, CT
08/2002 - 11/2004 UBS FINANCIAL SERVICES INC. - WEEHAWKEN, NJ
If you or an elderly family member were a victim of financial fraud by your broker/financial advisor, or an alleged victim of Jon B. Schmidhammer who was with Stifel, Nicolaus & Co of Dublin, Ohio, call the Soreide Law Group for a no-cost consultation on the possibility of recovering your financial losses at: 888-760-6552.
Soreide Law Group represents clients nationwide before FINRA and we operate on a contingency fee.
Investors may have suffered financial harm by securities broker David Jay Betman [CRD: 1380281, West Conshohocken, Pennsylvania], based on publicly available information found on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Betman has worked for Morgan Stanley since March 25, 2010, as a securities broker and since March 26, 2010, as a financial advisor. See the […]
Investors potentially experienced sales practice violations by securities broker Andrew Martz [CRD: 5118326, Southlake, Texas], given the disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Andrew Martz worked for Western International Securities Inc. and Western International Securities from July 13, 2017, and July 14, 2017, respectively, through June 5, 2025, and has been registered with […]
Investors potentially incurred losses because of securities broker Richard Raymond Brown [CRD: 2541545, Valley Village, California], according to public information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Brown worked for Lincoln Financial Advisors Corporation from December 19, 1997, to December 26, 2019, and has been associated with Arete Wealth Management LLC and Arete Wealth Advisors […]
Phone:
Fax: 1-954-760-6553
Email: info@securitieslawyer.com