Securities Lawyers are Investigating Brenda Smith Alleged Potential Misstatements about the Financial Performance of an Investment Fund Made During the Course of Private Securities Transactions
West Conshohoken broker 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 securities lawyer Alan Rosca.
Without admitting or denying the findings, Smith 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.
Securities Lawyer Alan Rosca, of the Rosca Scarlato LLC law firm, is investigating activity related to broker Brenda 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 Smith Barred by FINRA; Smith Facing a Damage Request of $3,341,500.00 Following Allegations of Alleged Fraud
Brenda 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.
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.
As stated by Smith’s counsel in a telephone call on June 4, 2019, Smith 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, and was permitted to resign voluntarily, FINRA details
Allegedly, Brenda Smith also 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.
In October of 2006, Smith 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 or allegations mentioned in this article, unless otherwise indicated. Any reader should also read the original sources hyperlinked in this blog for accuracy, including any BrokerCheck report and/or record of any disciplinary or regulatory action. Those sources are incorporated by reference into the text of this blog, and are the governing materials in case of any inconsistencies or typos in this blog.
Securities Lawyers Investigating
The Rosca Scarlato LLC law firm represents investors who lose money as a result of investment-related fraud or misconduct and are currently investigating Brenda 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. Securities lawyer Alan Rosca, an investor rights advoate 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 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 arosca@rscounsel.law, or through the contact form on this webpage.
