DID ANDREW SCHELL CAUSE YOU INVESTMENT LOSSES?
About Andrew Schell
Andrew David Schell (CRD #6536347) is a former broker who was most recently employed by D.A. Davidson & Co. and previously with Merrill Lynch. He is currently not registered with any brokerage firm.
Mr. Schell has passed three industry exams and held registrations in multiple states. Despite these credentials, he has been named in a significant number of customer complaints.
Andrew Schell Customer Complaints and Reviews
Andrew Schell has a total of 19 customer complaints, an unusually high volume that raises serious concerns.
Complaint Highlights:
- Allegations: Clients accused him of unsuitable trading strategies, unauthorized discretion in non-discretionary accounts, and failure to act in their best interest.
- Damages: Complaints alleged combined damages well into the six figures, with several claims settled for amounts ranging from $20,000 to $175,000.
- Broker’s Statement: Schell denied wrongdoing, attributing losses to market volatility or asserting client understanding of risks.
Allegations Against Andrew Schell
Schell allegedly:
- Exercised discretion without authorization
- Engaged in high-risk trades inappropriate for the clients’ objectives
- Repeatedly violated the fiduciary standard of care
The volume and repetition of these allegations are highly unusual and concerning.
Andrew Schell Red Flags & Your Rights As An Investor
A pattern of misconduct can indicate systemic issues. If you were one of Schell’s clients, especially during his time at D.A. Davidson & Co., it is crucial to review your statements and consult legal counsel if discrepancies or losses occurred.
File A Claim To Recover Your Investment Losses Due to Andrew Schell
Call Attorney Pearce at 1-800-732-2889 if you have questions about your investment accounts managed by Andrew Schell.
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