Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on August 30, 2016 indicate that former Ohio-based Stifel Nicolaus broker Jon Schmidhammer is currently not licensed to act as a broker or an investment adviser (CRD# 1548931).
Jon Schmidhammer has spent 29 years in the securities industry and was most recently registered with Stifel Nicolaus in Dublin, Ohio (2009-2016). Previous registrations include Merrill Lynch in Upper Arlington, Ohio; Advest in Hartford, Connecticut; UBS Financial Services in Weehawken, New Jersey; Salomon Smith Barney in New York, New York; Lehman Brothers in New York, New York; and Security First Financial. He is currently not registered with any state or firm.
According to his BrokerCheck report, Jon Schmidhammer has been sanctioned by the American Stock Exchange, resigned from Stifel Nicolaus, and was discharged from UBS Painewebber.
In July 2016 Jon Schmidhammer voluntarily resigned from Stifel Nicolaus “after his arrest for allegedly stealing money from a client.”
In 2004 Jon Schmidhammer was terminated from his position at UBS Painewebber following allegations
he provided inaccurate information on his pre-employment application.
In 2004 the American Stock Exchange sanctioned Jon Schmidhammer following allegations he violated rules and regulations by inappropriately extending credit to a customer to satisfy margin requirements, failed to follow his firm’s internal procedures regarding the extension of credit, and misled his firm in an attempt to avoid detection for his failure to follow such. He was censured and issued a fine of $10,000.
If you have lost money investing with Jon Schmidhammer, you may be entitled to recoup your losses. Call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on a contingency basis, which means we only get paid if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.