Marc Schmitz Allegedly Breached His Fiduciary Duty

Marc Schmitz

Publicly available records published by the Financial Industry Regulatory Authority (FINRA) and accessed on November 20, 2017 indicate that South Dakota-based Raymond James Financial Services broker/adviser Marc Schmitz has a pending customer dispute. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Schmitz (CRD# 2474613).

Marc Schmitz has spent 23 years in the securities industry and has been registered with Raymond James Financial Services in Pierre, South Dakota since 1999. Previous registrations include Robert Thomas Securities in St. Petersburg, Florida (1998-1999); RJ Steichen & Company in Minneapolis, Minnesota (1995-1998); and Primevest Financial Services in St. Cloud, Minnesota (1994-1995). He has passed five securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on January 23, 2012; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on May 26, 1994; Series 7 (General Securities Representative Examination), which he obtained on May 13, 1994; Series 51 (Municipal Fund Securities Principal Examination), which he obtained on March 25, 2003; and Series 24 (General Securities Principal Examination), which he obtained on April 30, 1999. He is a registered broker and investment adviser with 22 US states and territories: Arizona, California, Florida, Illinois, Indiana, Maine, Minnesota, Missouri, Montana, Nebraska, Nevada, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, South Dakota, Texas, Virginia, Washington, Wisconsin, and Wyoming.

According to his BrokerCheck report, he has received one pending customer complaint.

In July 2017 a claimant alleged March Schmitz, while employed at Raymond James Financial Services, breached his fiduciary duty and engaged in civil conspiracy. The claimant is seeking $1,600,000 in damages in the pending complaint.

If you or someone you know has lost money investing with Marc Schmitz, call the experienced attorneys at Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup your losses. Fitapelli Kurta accepts all cases on a contingency basis: we only get paid if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.

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