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Jeffrey Smith: Received FINRA Sanction

Jeffrey SmithPublicly available records provided by the Financial Industry Regulatory Authority (FINRA) on October 14, 2016 indicate that former Virginia-based Wells Fargo Advisors broker Jeffrey Smith has been permanently barred from acting as a broker or otherwise associating with firms that sell securities to the public. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Smith (CRD# 4505078).

Jeffrey Smith has spent fourteen years in the securities industry and was most recently registered with Wells Fargo Advisors in Williamsburg, Virginia (2015-2016). Previous registrations include Morgan Stanley in Williamsburg, Virginia; Citigroup Global Markets in Williamsburg, Virginia; and Merrill Lynch in Williamsburg, Virginia. He is currently not registered with any state or firm.

According to his BrokerCheck report, Jeffrey Smith has received one FINRA sanction.

In September 2016 FINRA sanctioned Jeffrey Smith in connection to allegations he “he borrowed a total of $300,000 from firm customers to whom he was not related and without receiving the firm’s prior written approval to enter into the loans.” According to FINRA’s complaint: “The findings stated that Smith additionally failed to timely amend his Form U4 to disclose a compromise with a creditor. The findings also stated Smith failed to cooperate fully with an investigation initiated by FINRA Enforcement by declining to provide requested documents and information, specifically personal bank account statements.” Mr. Smith was permanently barred from acting as a broker or otherwise associating with firms that sell securities to the public.

If you have complaints regarding Jeffrey Smith, you may be able to recover lost funds. Call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on contingency: Fitapelli Kurta only gets paid if and when you recover money. You may have a limited window to file your claim, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.

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