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 <strong><a href="http://www.courthousenews.com/wp-content/uploads/2018/09/SECvSchmidt.pdf">federal complaint</a></strong>.

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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