Did You Lose Money Because of Sanford Schmidt?
Filed: March 6, 2024
Sanford Schmidt (also known as Sandy Schmidt) currently has one (1) pending customer complaint. Overall, he has been the subject of two (2) 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 Sanford Allen Schmidt.
Who Is Sanford Allen Schmidt of Catalyst Wealth Management and The Leaders Group, Inc.?
- Advisor Name: Sanford Allen Schmidt
- Aliases: Sandy Schmidt
- CRD: 1163559
- Location: Northbrook, Illinois and Littleton, Colorado
- Current Employer: Catalyst Wealth Management and The Leaders Group, Inc.
- Previous Firms: TLG Advisors, Inc.
- Number of Known Customer Complaints: 2
- Can Sanford Schmidt Be Sued: Yes, in Private Arbitration
- Can Sanford Schmidt’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $750,000
- Highest Settlement: Unknown
If you have suffered investment losses by Sanford Schmidt, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a breach of fiduciary duty 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 Sanford Schmidt For Broker Misconduct
As of this publication date, Sanford Schmidt has been the subject of 2 customer disputes. Let’s review them below.
In February 2024, a complaint was filed against or in reference to Sanford Schmidt by a customer of Catalyst Wealth Management alleging Violation Securities Law of 1953 815 ILCS 5/12(f), (g), and (j) Violation of the Illinois Consumer Fraud and Deceptive Business Practices Act 815 ILCS 505/2, fraudulent misrepresentation, negligent misrepresentation, breach of fiduciary duty, and unjust enrichment. Per the customer, she lost over $750,000 because of Mr. Schmidt’s actions. As of this publication date, this claim remains pending.
In January 2010, a complaint was filed against or in reference to Sanford Schmidt by a customer of NFP Securities alleging fraudulent misrepresentation. The client alleges that Mr. Schmidt advised him that upon the purchase of the insurance policy, the policy could be immediately sold for $175,000.00 pursuant to an outstanding offer. The client also alleges that he was advised that after the two year contestability period the plaintiff would receive at a minimum 20% of the face value of the policy by selling on the secondary market.
How To File A Claim Against Sanford Schmidt of Catalyst Wealth Management and The Leaders Group, Inc. (previously with TLG Advisors, Inc.) To Get Your Money Back
If you have questions about Sanford Schmidt, Catalyst Wealth Management, The Leaders Group, Inc., TLG Advisors, 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.