{"id":2637,"date":"2017-01-04T00:00:00","date_gmt":"2017-01-04T05:00:00","guid":{"rendered":"http:\/\/silverlaw.lawblogger.net\/blog\/stifel-nicolaus-ohio-broker-arrested\/"},"modified":"2017-07-27T13:57:46","modified_gmt":"2017-07-27T17:57:46","slug":"stifel-nicolaus-ohio-broker-arrested","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/stifel-nicolaus-ohio-broker-arrested\/","title":{"rendered":"Former Ohio-based Stifel Nicolaus Broker Under Investigation After Arrest for Allegedly Stealing Money from a Client"},"content":{"rendered":"

Silver Law Group is investigating former Stifel, Nicolaus & Company, Incorporated (CRD# 793)<\/a> broker Jon B. Schmidhammer (CRD# 1548931)<\/a> after Stifel allowed him to resign following an arrest for allegedly stealing money from a client.<\/p>\n

According to Schmidhammer\u2019s FINRA BrokerCheck report, FINRA permanently barred Schmidhammer from acting as a broker or otherwise associating with firms that sell securities in September 2016 after he failed to respond to a FINRA request for information.\u00a0 The permanent bar follows Schmidhammer\u2019s resignation from Stifel in July 2016, according to his BrokerCheck report.<\/p>\n

This was not Schmidhammer\u2019s first dark mark on his BrokerCheck report.\u00a0 In February 2004, the American Stock Exchange fined Schmidhammer $10,000 after charging him with inappropriately extending credit to a customer to satisfy margin requirements, violating his employing firm\u2019s internal procedures regarding extension of credit, and misleading the firm in an attempt to avoid detection of his wrongdoing.\u00a0 Nine months later, UBS Financial Services Inc. (CRD# 7059)<\/a> discharged Schmidhammer for providing inaccurate statements on his pre-employment application.<\/p>\n

Continue reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Silver Law Group is investigating former Stifel, Nicolaus & Company, Incorporated (CRD# 793) broker Jon B. Schmidhammer (CRD# 1548931) after Stifel allowed him to resign following an arrest for allegedly stealing money from a client. According to Schmidhammer\u2019s FINRA BrokerCheck report, FINRA permanently barred Schmidhammer from acting as a broker or otherwise associating with firms […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[578],"tags":[],"class_list":["post-2637","post","type-post","status-publish","format-standard","hentry","category-all-releases"],"yoast_head":"\nJon Schmidhammer Arrested for Allegedly Stealing Client's Money<\/title>\n<meta name=\"description\" content=\"If you have lost money investing with Jon B. Schmidhammer and Stifel, Nicolaus & Company, contact our firm to learn how you can try to recover your losses.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.silverlaw.com\/blog\/stifel-nicolaus-ohio-broker-arrested\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Jon Schmidhammer Arrested for Allegedly Stealing Client's Money\" \/>\n<meta name=\"twitter:description\" content=\"If you have lost money investing with Jon B. Schmidhammer and Stifel, Nicolaus & Company, contact our firm to learn how you can try to recover your losses.\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Silver Law Group\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Jon Schmidhammer Arrested for Allegedly Stealing Client's Money","description":"If you have lost money investing with Jon B. 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