Last Updated: March 2025 | Delano, MN
Brent Schmidt Investigation Summary
Here’s what you need to know about Delano, MN, stockbroker Brenton C. Schmidt:
- Name: Mr. Brenton Charles Schmidt
- Current Employer: Cetera Investment Advisers LLC
- DBA: Harvest Financial Services
- Prior Employers:
- Cetera Advisor Networks LLC (Delano, MN) (06/2022 – Present)
- LPL Financial LLC (Hutchinson, MN) (11/2017 – 06/2022)
- Investment Centers of America, Inc. (Hutchinson, MN) (06/2013 – 11/2017)
- Investacorp, Inc. (St. Michael, MN) (10/2003 – 06/2013)
- Raymond James Financial Services, Inc. (St. Petersburg, FL) (10/2002 – 10/2003)
- Wells Fargo Investments, LLC (San Francisco, CA) (12/2000 – 10/2002)
- Function: Stockbroker / Financial Advisor
- Aliases: Brent Schmidt
- Primary Location: Delano, MN
- CRD #: 3093473
- Can Brenton Schmidt be sued in FINRA arbitration? Yes
- Sanctioned by FINRA? Yes
- Discharged by a Prior Employer: Yes
If you’ve sustained damages from Mr. Schmidt, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Brent Schmidt As Your Stockbroker?
Brenton Schmidt was sanctioned by FINRA and suspended for two months after admitting to allowing his business partner to falsify customer signatures on account documents. Schmidt later signed his own name on these documents, violating firm policies and FINRA rules on maintaining accurate records.
- Filing Date: November 19, 2024 (FINRA Sanction)
- Alleged Misconduct:
- Allowing falsification of client signatures
- Maintaining inaccurate books and records
- Electronically signing documents on behalf of customers
- Sanctions Ordered by FINRA:
- Suspension: 2 months (December 16, 2024 – February 15, 2025)
- Fine: $5,000
Allegations of Broker Misconduct Against Brenton Schmidt
FINRA has alleged the following misconduct by Brenton Schmidt:
- Falsification of Customer Signatures –violating FINRA Rule 2010 (Standards of Commercial Honor and Principles of Trade).
- Employment Termination – Schmidt was discharged from LPL Financial LLC on June 17, 2022, for electronically signing account documents on behalf of customers.
These violations fall under FINRA Rule 2010, FINRA Rule 4511, and SEC Rule 17a-3, which require brokers to maintain accurate and truthful financial records and prohibit fraudulent or unethical behavior.
Recover Your Investment Losses Now With Rex Securities Law
Investigation of Cetera Financial Brokers-Lawsuits, Arbitrations & Disputes
Investigation of LPL Financial and LPL Brokers-Lawsuits, Arbitrations & Customer Disputes
If you have suffered investment losses in an account handled by Brenton Schmidt, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL, and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors, and broker-dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis, meaning that you do not pay legal fees unless we are successful.