Advisor Alert: Our Attorneys Are Investigating Bret Clinton Schaefer For Investment Fraud
Did You Lose Money Because of Bret Schaefer?
Filed: February 27, 2024
Bret Schaefer has been the subject of eight (8) customer complaints. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on Bret Clinton Schaefer.
Who Is Bret Clinton Schaefer of Landolt Securities, Inc.?
- Advisor Name: Bret Clinton Schaefer
- Aliases: Bret Clinton Schaefer
- CRD: 2577117
- Location: Antioch, Illinois
- Current Employer: Landolt Securities, Inc.
- Previous Firms: Woodbury Financial Services, Inc.
- Number of Known Customer Complaints: 8
- Can Bret Schaefer Be Sued: Yes, in Private Arbitration
- Can Bret Schaefer’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $200,000
- Highest Settlement: $510,000
If you have suffered investment losses by Bret Schaefer, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a stockbroker fraud lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against Bret Schaefer For Broker Misconduct
As of this publication date, Bret Schaefer has been the subject of 8 customer disputes. Let’s review them below.
In June 2023, a FINRA arbitration was filed against or in reference to Bret Schaefer by a customer of Woodbury Financial Services, Inc. alleging that variable annuity purchased in 2021 was unsuitable. Per the customer, he/she lost over $53,114 because of Mr. Schaefer’s actions. On May 24, 2023, Mr. Schaefer settled the claim for $53,114, and some or all of this amount may have been paid by Mr. Schaefer’s employer and/or insurance carrier.
In December 2021, a FINRA arbitration was filed against or in reference to Bret Schaefer by multiple customers of Woodbury Financial Services, Inc. alleging that Mr. Schaefer misrepresented the time horizon of alternative investments purchased between 2015 and 2019. Per the customers, they lost over $5,000 because of Mr. Schaefer’s actions. On April 21, 2023, Mr. Schaefer settled the claim for $30,000, and some or all of this amount may have been paid by Mr. Schaefer’s employer and/or insurance carrier.
In June 2021, a FINRA arbitration was filed against or in reference to Bret Schaefer by a customer of Woodbury Financial Services, Inc. alleging unauthorized trading and questions on the suitability of certain alternative product recommendations. Per the customer, he/she lost over $5,000 because of Mr. Schaefer’s actions. On December 16, 2022, Mr. Schaefer settled the claim for $510,000, and some or all of this amount may have been paid by Mr. Schaefer’s employer and/or insurance carrier.
In May 2021, a complaint was filed against or in reference to Bret Schaefer by a customer of Landolt Securities, Inc alleging loss in Baakan. Per the customer, he/she lost over $200,000 because of Mr. Schaefer’s actions.
In February 2017, a complaint was filed against or in reference to Bret Schaefer by a customer of Landolt Securities, Inc alleging unsuitable va investment in 2013. Per the customer, he/she lost over $125,208 because of Mr. Schaefer’s actions.
In July 2005, a complaint was filed against or in reference to Bret Schaefer by a customer of Citigroup GMI alleging that Mr. Schaefer misrepresented features, fees and expenses of variable annuity from 3/17/2004 to 3/14/2005.
In August 2002, a complaint was filed against or in reference to Bret Schaefer by a customer of B.C. Ziegler and Company alleging that Mr. Schaefer misrepresented the product and that she was not aware of the market risk. Per the customer, he/she lost over $23,250 because of Mr. Schaefer’s actions.
In January 2001, a complaint was filed against or in reference to Bret Schaefer by a customer of B.C. Ziegler and Company alleging that the subsequent market decline was due to the existing portfolio exceeding his risk tolerance. Per the customer, he lost over $179,500 because of Mr. Schaefer’s actions. On May 21, 2001, Mr. Schaefer settled the claim for $9,000, and some or all of this amount may have been paid by Mr. Schaefer’s employer and/or insurance carrier.
How To File A Claim Against Bret Schaefer of Landolt Securities, Inc. (previously with Woodbury Financial Services, Inc.) To Get Your Money Back
If you have questions about Bret Schaefer, Landolt Securities, Inc., Woodbury Financial Services, Inc., or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll free at 1-800-950-6553.