{"id":8137,"date":"2019-05-17T16:18:56","date_gmt":"2019-05-17T20:18:56","guid":{"rendered":"https:\/\/www.silverlaw.com\/blog\/?p=8137"},"modified":"2019-05-17T16:18:56","modified_gmt":"2019-05-17T20:18:56","slug":"sec-now-investigating-former-broker-john-greg-schmidt-for-misappropriation-of-1-16m","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/sec-now-investigating-former-broker-john-greg-schmidt-for-misappropriation-of-1-16m\/","title":{"rendered":"SEC Now Investigating Former Broker John Greg Schmidt For Misappropriation Of $1.16M"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-6045 size-medium\" src=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2018\/06\/sec-300x198.jpg\" alt=\"sec-300x198\" width=\"300\" height=\"198\" srcset=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2018\/06\/sec-300x198.jpg 300w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2018\/06\/sec-768x507.jpg 768w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2018\/06\/sec-182x120.jpg 182w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2018\/06\/sec.jpg 923w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>Back in June, we told you about <a href=\"https:\/\/www.silverlaw.com\/blog\/finra-bars-broker-john-greg-schmidt-after-misappropriation-allegations\/\" target=\"_blank\">John Greg Schmidt<\/a> (<a href=\"https:\/\/brokercheck.finra.org\/individual\/summary\/708094\" target=\"_blank\">CRD#: 708094<\/a>) who was barred by FINRA after a series of allegations of misappropriation of funds. Since then the Securities and Exchange Commission has also investigated Schmidt, and has now filed a civil action.<\/p>\n<p>Schmidt was discharged by his last employer, Wells Fargo Advisors Financial Network, LLC (CRD#:11025), of Dayton, OH, after allegations of \u201cunauthorized money movement between clients,\u201d and inaccurate account statements that were not generated or approved by Wells Fargo. <a href=\"https:\/\/www.silverlaw.com\/blog\/sec-now-investigating-former-broker-john-greg-schmidt-for-misappropriation-of-1-16m\/#more-8137\" class=\"more-link\">Continue reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Back in June, we told you about John Greg Schmidt (CRD#: 708094) who was barred by FINRA after a series of allegations of misappropriation of funds. Since then the Securities and Exchange Commission has also investigated Schmidt, and has now filed a civil action. Schmidt was discharged by his last employer, Wells Fargo Advisors Financial [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[591,580],"tags":[],"class_list":["post-8137","post","type-post","status-publish","format-standard","hentry","category-misappropriation","category-stockbroker-misconduct"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SEC Now Investigating Former Broker John Greg Schmidt For Misappropriation Of $1.16M &#8212; Securities Arbitration Lawyers Blog &#8212; May 17, 2019<\/title>\n<meta name=\"description\" content=\"John Greg Schmidt, formerly with Wells Fargo Advisors Financial Network of Dayton, OH, was barred by FINRA after allegations of misappropriation of funds.\" \/>\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\/sec-now-investigating-former-broker-john-greg-schmidt-for-misappropriation-of-1-16m\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"SEC Now Investigating Former Broker John Greg Schmidt For Misappropriation Of $1.16M &#8212; Securities Arbitration Lawyers Blog &#8212; May 17, 2019\" \/>\n<meta name=\"twitter:description\" content=\"John Greg Schmidt, formerly with Wells Fargo Advisors Financial Network of Dayton, OH, was barred by FINRA after allegations of misappropriation of funds.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2018\/06\/sec.jpg\" \/>\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":"SEC Now Investigating Former Broker John Greg Schmidt For Misappropriation Of $1.16M &#8212; Securities Arbitration Lawyers Blog &#8212; May 17, 2019","description":"John Greg Schmidt, formerly with Wells Fargo Advisors Financial Network of Dayton, OH, was barred by FINRA after allegations of misappropriation of funds.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.silverlaw.com\/blog\/sec-now-investigating-former-broker-john-greg-schmidt-for-misappropriation-of-1-16m\/","twitter_card":"summary_large_image","twitter_title":"SEC Now Investigating Former Broker John Greg Schmidt For Misappropriation Of $1.16M &#8212; Securities Arbitration Lawyers Blog &#8212; May 17, 2019","twitter_description":"John Greg Schmidt, formerly with Wells Fargo Advisors Financial Network of Dayton, OH, was barred by FINRA after allegations of misappropriation of funds.","twitter_image":"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2018\/06\/sec.jpg","twitter_misc":{"Written by":"Silver Law Group","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.silverlaw.com\/blog\/sec-now-investigating-former-broker-john-greg-schmidt-for-misappropriation-of-1-16m\/#article","isPartOf":{"@id":"https:\/\/www.silverlaw.com\/blog\/sec-now-investigating-former-broker-john-greg-schmidt-for-misappropriation-of-1-16m\/"},"author":{"name":"Silver Law Group","@id":"https:\/\/www.silverlaw.com\/blog\/#\/schema\/person\/de64d999508b1ad10d608a99f0d2e752"},"headline":"SEC Now Investigating Former Broker John Greg Schmidt For Misappropriation Of $1.16M","datePublished":"2019-05-17T20:18:56+00:00","mainEntityOfPage":{"@id":"https:\/\/www.silverlaw.com\/blog\/sec-now-investigating-former-broker-john-greg-schmidt-for-misappropriation-of-1-16m\/"},"wordCount":360,"image":{"@id":"https:\/\/www.silverlaw.com\/blog\/sec-now-investigating-former-broker-john-greg-schmidt-for-misappropriation-of-1-16m\/#primaryimage"},"thumbnailUrl":"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2018\/06\/sec-300x198.jpg","articleSection":["Misappropriation","Stockbroker Misconduct"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.silverlaw.com\/blog\/sec-now-investigating-former-broker-john-greg-schmidt-for-misappropriation-of-1-16m\/","url":"https:\/\/www.silverlaw.com\/blog\/sec-now-investigating-former-broker-john-greg-schmidt-for-misappropriation-of-1-16m\/","name":"SEC Now Investigating Former Broker John Greg Schmidt For Misappropriation Of $1.16M &#8212; Securities Arbitration Lawyers Blog &#8212; May 17, 2019","isPartOf":{"@id":"https:\/\/www.silverlaw.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.silverlaw.com\/blog\/sec-now-investigating-former-broker-john-greg-schmidt-for-misappropriation-of-1-16m\/#primaryimage"},"image":{"@id":"https:\/\/www.silverlaw.com\/blog\/sec-now-investigating-former-broker-john-greg-schmidt-for-misappropriation-of-1-16m\/#primaryimage"},"thumbnailUrl":"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2018\/06\/sec-300x198.jpg","datePublished":"2019-05-17T20:18:56+00:00","author":{"@id":"https:\/\/www.silverlaw.com\/blog\/#\/schema\/person\/de64d999508b1ad10d608a99f0d2e752"},"description":"John Greg Schmidt, formerly with Wells Fargo Advisors Financial Network of Dayton, OH, was barred by FINRA after allegations of misappropriation of funds.","breadcrumb":{"@id":"https:\/\/www.silverlaw.com\/blog\/sec-now-investigating-former-broker-john-greg-schmidt-for-misappropriation-of-1-16m\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.silverlaw.com\/blog\/sec-now-investigating-former-broker-john-greg-schmidt-for-misappropriation-of-1-16m\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.silverlaw.com\/blog\/sec-now-investigating-former-broker-john-greg-schmidt-for-misappropriation-of-1-16m\/#primaryimage","url":"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2018\/06\/sec.jpg","contentUrl":"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2018\/06\/sec.jpg","width":923,"height":609},{"@type":"BreadcrumbList","@id":"https:\/\/www.silverlaw.com\/blog\/sec-now-investigating-former-broker-john-greg-schmidt-for-misappropriation-of-1-16m\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.silverlaw.com\/blog\/"},{"@type":"ListItem","position":2,"name":"SEC Now Investigating Former Broker John Greg Schmidt For Misappropriation Of $1.16M"}]},{"@type":"WebSite","@id":"https:\/\/www.silverlaw.com\/blog\/#website","url":"https:\/\/www.silverlaw.com\/blog\/","name":"Securities Arbitration Lawyers Blog","description":"Published by Securities Arbitration Lawyers \u2014 Silver Law Group","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.silverlaw.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.silverlaw.com\/blog\/#\/schema\/person\/de64d999508b1ad10d608a99f0d2e752","name":"Silver Law Group","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/9eb0a691642ae95c68ee1c45b5f50f35bae76a41f3d9f861c7bfd40c87661746?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/9eb0a691642ae95c68ee1c45b5f50f35bae76a41f3d9f861c7bfd40c87661746?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/9eb0a691642ae95c68ee1c45b5f50f35bae76a41f3d9f861c7bfd40c87661746?s=96&d=mm&r=g","caption":"Silver Law Group"}}]}},"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/posts\/8137","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/comments?post=8137"}],"version-history":[{"count":1,"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/posts\/8137\/revisions"}],"predecessor-version":[{"id":8138,"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/posts\/8137\/revisions\/8138"}],"wp:attachment":[{"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/media?parent=8137"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/categories?post=8137"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/tags?post=8137"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}