Former Arete Wealth Management, LLC broker Brittani Schaefer (CRD# 6327801) is accused of unsuitable investment recommendations. She was registered with Arete Wealth Management, LLC in St. Louis, Missouri, from 2020 to 2024, and Edward Jones in Fenton, Missouri, from 2014 to 2020.
Brittani Schaefer Customer Complaints
She has been the subject of two customer complaints between 2022 and 2024, according to her CRD report:
September 2024. “Client alleges registered representative recommended an unsuitable investment.” The customer is seeking $100,000 in damages, and the case is currently pending. The complaint was regarding alternative investments, and it took place while she was registered with Arete Wealth Management, LLC.
June 2022. “Brittani Schaefer was the Subject of a customer’s complaint against her member firm that asserted the following causes of action: breach of fiduciary duty; violation of Missouri’s Securities Act § 409-5.501 et al; common law fraud; breach of contract; negligence/negligent misrepresentation/omission; unjust enrichment; and negligent supervision.” The customer is seeking $118,722.70 in damages, and the case is currently pending. The complaint took place while she was registered with Arete Wealth Management, LLC.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Arete Wealth Management, LLC may be liable for investment or other losses suffered by Brittani Schaefer’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
"*" indicates required fields
