Rick Schofield Disclosed Allegations Of Unsuitable Advice

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.

Schofield Disclosed Unsuitable Advice Allegations By Money Concepts Capital Corp. Client

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.

Ameriprise Financial Services Inc. Investor Complains About Rick Schofield

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.

Schofield Disclosed Omissions Allegations By American Express Financial Advisors Client

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.

Employment Information

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.

Damages Resulting From Money Concepts Capital Corp. Securities Broker Rick Schofield?

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.