Investors have come forward with complaints about securities broker Rick David Schofield (CRD: 2197999, Lakewood Ranch, Florida). Evidently, the securities broker, who worked for Money Concepts Capital Corp., discloses client disputes via Financial Industry Regulatory Authority (FINRA) BrokerCheck. Notably, Money Concepts Capital Corp. clients allege that Schofield made unsuitable recommendations, recommended investments which poorly performed, and failed to follow instructions. For more on these disclosures about Schofield, see below.
Particularly, a client of Money Concepts Capital Corp. contested Rick Schofield’s sales practices, according to a complaint dated April 21, 2022. Allegedly, Schofield made unsuitable recommendations, recommended investments which poorly performed, and failed to follow instructions. Supposedly, Schofield caused the client to sustain damages. Therefore, the client sought compensatory relief from Money Concepts Capital Corp. or Schofield in the amount of $70,000 in this matter. However, the securities firm denied this complaint.
Also, an Ameriprise Financial Services Inc. client filed Civil Suit: 060807447CV about Rick Schofield. Allegedly, the insurance company denied a claim on a life insurance policy. Because of this, the client allegedly sustained damages. Therefore, on June 5, 2007, Ameriprise Financial Services Inc. settled this matter by paying the client $95,000 in damages.
Specifically, a client of American Express Financial Advisors contested Rick Schofield’s sales practices, according to a complaint dated December 16, 2003. Allegedly, Schofield made omissions and provided unsuitable advice. Supposedly, Schofield caused the client to sustain damages on fixed annuities. Therefore, the client sought compensatory relief from American Express Financial Advisors or Schofield in the amount of $22,525.15 in this matter. However, the securities firm denied this complaint.
Schofield joined Money Concepts Capital Corp. as a securities broker in May 2005. He has also worked for Money Concepts Advisory Service as a financial advisor since May 2005.
Have you experienced damages due to securities broker Rick Schofield? If you have, contact Soreide Law Group at (888) 760-6552 and speak with a securities lawyer about a possible recovery of your investment losses. Soreide Law Group, who has successfully recovered money for hundreds of investors in all 50 states, represents clients on a contingency fee basis and advances costs. Schofield and brokerage firms Schofield worked for deny all accusations of sales-related misconduct.
Pending customer claims on BrokerCheck name Michael Graham (CRD 3263494) and list LPL Financial as the firm. Each claim is pending and unproven, and no arbitrator has ruled on any of them. The customers allege that Graham misrepresented guaranteed principal and returns on a secured loan related to a real estate deal.
An SEC decision involving Titan Securities (CRD 131392) of Plano, Texas became final on August 7, 2026, according to FINRA's October 2026 Disciplinary and Other FINRA Actions report. The decision fined the firm $50,000. The record lists the firm as JTA Securities Management, Inc. dba Titan Securities.
Every settled customer dispute on Peter Maller's BrokerCheck report names Lincoln Financial as the firm. Maller holds CRD number 2322403. The newest dispute, filed on March 5, 2024, settled on August 15, 2024 for $12,500 against alleged damages of $50,000. The claimants alleged that the representative represented an oil and gas investment as safe.
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