Last Updated: August 2025 – Lake Mary, FL
Here’s what you need to know about Lake Mary, FL, stockbroker Benjamin Melvin Schick:
- Name:Benjamin M. Schick
- CRD Number: 4897243
- Current Employer: Cobalt Capital, Inc.
- Primary Office Address:801 International Parkway, Suite 500 PMB #5242, Lake Mary, FL 32746
- Function:Stockbroker / Financial Advisor
- Previously Registered With:None reported
- Principal and President at Cobalt Capital since April 2005
- Currently Registered In:21 states and territories, including FL, TX, CA, NY, IL, and PR
- Other Business Affiliations: Green Room Partners, Fathom Realty, Bend Westside LLC
- Can Benjamin Schick be sued in FINRA arbitration?Yes
- Sanctioned by FINRA?No
- Pending Customer Dispute Seeks Damages of:$900,000
If you’ve sustained damages from Mr. Schick, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Benjamin Schick As Your Stockbroker?
A pending FINRA arbitration case (Case No. 25-00465) was filed in March 2025, alleges unsuitability , failure to disclose material risks, over concentration, misrepresentation related to private placement investments in iCap products.
The claimant, a retiree nearing 70 years old, alleges that between 2019 and 2022, Schick and his firm Cobalt Capital, Inc. recommended a total of $900,000 in high-risk private placement investments, despite her stated objective of seeking safe, income-producing assets.
The claimant also cites a violation of SEC Regulation Best Interest (Reg BI, Rule 15l-1(a)), which requires that brokers act in the best interest of retail customers when making a recommendation of any securities transaction or investment strategy involving securities.
FINRA Rule 2111- suitability -Regulation Best Interest
Allegations of Broker Misconduct Against Benjamin Schick
The following allegations are included in the pending dispute:
- Unsuitable Recommendationsof high-risk private placements
- Violation of Regulation Best Interest (Reg BI Rule 15l-1(a))
- Misrepresentationof material risks and performance expectations
- Failure to conduct proper due diligence
- Negligence and breach of fiduciary duty
- Overconcentrationin non-traditional, illiquid investments
- Failure to follow client’s investment instructions and risk tolerance
Private Placements under Reg D: What is a Private Placement? According to the U.S. Securities and Exchange Commission (SEC):
“Under the federal securities laws, a company may not offer or sell securities unless the offering has been registered with the SEC or an exemption from registration is available. Offerings exempt from the SEC’s registration requirements pursuant to Securities Act Section 4(a)(2) or its safe harbor under Regulation D of the Securities Act are often referred to as private placements.”
The SEC warns that unregistered offerings may be utilized to conduct investment scams and that investors should have the ability to weather a total loss in these illiquid investments. See this SEC Investor Alert about red flags to watch out for in unregistered offerings.
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by Benjamin M. Schick, 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.