Investors apparently complained about securities broker Randy Harris Schild [CRD: 2410144, Boca Raton, Florida], according to disclosures on FINRA BrokerCheck. It appears that Schild has worked for Merrill Lynch Pierce Fenner Smith Incorporated since April 12, 2013. Keep reading to learn more about Schild’s disclosures involving client disputes and alleged sales practice violations.
Evidently, a Merrill Lynch Pierce Fenner Smith Incorporated client filed FINRA Arbitration No. 12-03086 about Randy Schild. The client alleged that Schild charged excessive commissions and did not act in the client’s best interest between July 2022 and June 2023. Because of this, the client allegedly sustained damages on over-the-counter equities. Therefore, on February 28, 2024, Merrill Lynch Pierce Fenner Smith Incorporated settled this matter by paying the client $35,000 in damages.
Specifically, a client of Morgan Stanley Smith Barney contested Randy Schild’s sales practices, according to a complaint dated October 12, 2012. Allegedly, Schild failed to supervise the financial advisors handling the client’s accounts, who had engaged in unauthorized trading. Supposedly Schild caused the client to sustain damages on stocks, real estate investment trusts, and equity-linked securities. As a result, the client sought damages from Morgan Stanley Smith Barney or Schild in the amount of $50,000 in this matter. The complaint was denied as of July 17, 2013.
Do you have questions about investing through Randy Schild? If so, reach out to Soreide Law Group online or at (888) 760-6552 and speak with a securities attorney. Soreide Law Group has recovered losses for investors throughout the country, works on a contingency fee basis, and advances all costs. Schild and brokerage firms Schild worked for deny any allegations of sales practice violations.
Steven Graham (CRD 1977736) denies the allegations in a pending customer claim filed on August 11, 2026. The disclosure names Western International Securities as the firm, and the claim involves corporate bonds. No arbitrator has ruled on it. His BrokerCheck report also lists a settled bond dispute and a federal court matter from earlier years.
A claim filed on September 11, 2024 names Thomas Hamlin (CRD 2208505) over a 10% Senior Unsecured Note in iCap Fund III. Every disclosure on his BrokerCheck report involves an iCap private placement and names Somerset Securities as the firm. Each one settled, and a settlement is not an admission of wrongdoing.
Peter Po's most recent settlement came on June 28, 2026, when a corporate bond claim settled for $40,000. Po (CRD 3106974) appears in several settled customer disputes over corporate and high-yield bonds. The disclosures name NI Advisors or California Securities as the firm, and each matter ended in a settlement, not a finding.
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