Brenda Ann Smith Allegedly Made Potential Misstatements about the Financial Performance of an Investment Fund Made During the Course of Private Securities Transactions

Brenda Ann Smith, a/k/a/ Brenda Smith Peterman, fell under the guise of an ongoing FINRA investigation into alleged potential misstatements regarding the financial performance of an investment fund that were made during the course of private securities transactions in which she participated, according to a FINRA Letter of Acceptance, Waiver & Consent (AWC) under review by investor rights attorney Alan Rosca.

Smith, without admitting or denying the findings, reportedly consented to the sanction and to the entry of findings that she allegedly refused to provide documents and information requested by FINRA in connection with an ongoing FINRA investigation into the aforementioned potential misstatements, the aforementioned AWC notes.

Investor rights attorney Alan Rosca, of the Goldman Scarlato & Penny PC law firm, is investigating activity related to Brenda Ann Smith’s alleged potential misstatements regarding the financial performance of an investment fund. Investors who believe they may have lost money in activity related to alleged potential misstatements regarding the financial performance of an investment fund are encouraged to contact attorney Alan Rosca with any useful information or for a free, no obligation discussion about their options.

Brenda Ann Smith Barred by FINRA; Smith Facing a Damage Request of $3,341,500.00 Following Allegations of Alleged Fraud

Brenda Ann Smith allegedly failed to respond to a written request for documents and information issued pursuant to Rules, and, as a result, Smith allegedly violated FINRA Rules, FINRA notes.

Brenda Ann Smith, on May 23, 2019, in connection with an ongoing FINRA investigation into potential misstatements about the financial performance of an investment fund that were made during the course of private securities transactions in which Smith participated, received a request for documents and information from FINRA staff pursuant to FINRA Rules, FINRA notes.

Smith, as stated by Smith’s counsel in a telephone call on June 4, 2019, allegedly acknowledges that she received FINRA’s request but will not produce the requested documents and information at any time, FINRA states.

FINRA Rules state, in relevant part, that FINRA has the right to require a member, person associated with a member, or any other person subject to FINRA’s jurisdiction to provide information orally, in writing, or electronically… if requested, with respect to any matter involved in [an] investigation, complaint, examination, or proceeding, FINRA notes.

FINRA Rules further state that [n]o … person shall fail to provide information … pursuant to this Rule., FINRA states. 

Brenda Ann Smith, as a result of the aforementioned behavior, allegedly violated FINRA Rules, and thus, has been barred from associating with any FINRA member firm in any capacity, FINRA notes.

Brenda Ann Smith subsequently was terminated by CV Brokerage Inc., and was permitted to resign voluntarily, FINRA details.

Brenda Ann Smith also allegedly engaged in acts of fraud, breach of fiduciary duty, breach of contract, unlawful conversion, and violation of sections of Pennsylvania uniform voidable transaction act and permanent injunctive relief, according to a Pending Customer Dispute.

Said Dispute was filed on December 11, 2018, and damage amounts of $3,341,500.00 have been requested, FINRA states.

Smith, in October of 2006, first became registered with FINRA as a Financial and Operations Principal through an association with a member firm, and was registered through several FINRA member firms prior to purchasing CV Brokerage, Inc. beginning on May 12. 2010, FINRA notes.

Smith became registered with FINRA though CV Brokerage as a Financial and Operations Principal, General Securities Representative, and General Securities Principal, and subsequently became registered with FINRA through CV, FINRA states.

Finally, it is important to note that, as of the date of this article, there has not been a finding of liability as to the complaints mentioned in this article, unless otherwise indicated.

Securities Lawyer Investigating

The Goldman Scarlato & Penny PC law firm represents investors who lose money as a result of investment-related fraud or misconduct and are currently investigating Brenda Ann Smith’s alleged potential misstatements regarding the financial performance of an investment fund. The firm takes most cases of this type on a contingency fee basis and advance the case costs, and only gets paid for their fees and costs out of money recovered for clients. Attorney Alan Rosca, a securities lawyer and adjunct professor of securities regulation, and has represented thousands of victimized investors across the country and around the world in cases ranging from arbitrations to class actions.

Investors who believe they lost money as a result of Brenda Ann Smith’s alleged potential misstatements regarding the financial performance of an investment fund may contact attorney Alan Rosca for a free no-obligation evaluation of their recovery options, at 888-998-0530, via email at rosca@lawgsp.com, or through the contact form on this webpage.

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