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Friday, March 29, 2024 | Back issues
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Securities Fraud

Longtime securities broker John Gregory Schmidt, 67, misappropriated $1.2 million from customers, transferred it to other customers whose accounts were losing money, and took $230,000 in commissions from it, the SEC claims in a federal complaint.

DAYTON, Ohio — Longtime securities broker John Gregory Schmidt, 67, misappropriated $1.2 million from customers, transferred it to other customers whose accounts were losing money, and took $230,000 in commissions from it, the SEC claims in a federal complaint.

Categories / Securities

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