Did you lose money investing with Brenda Smith (a/k/a Brenda Peterman) (CRD# 4348518)?
Galvin Legal, PLLC is launching an investigation on behalf of investors who may have suffered losses investing with Brenda Smith (a/k/a Brenda Peterman). If you suffered losses investing with Brenda Smith (a/k/a Brenda Peterman), then Galvin Legal, PLLC may be able to help you recover your losses in a Financial Industry Regulatory Authority (“FINRA“) arbitration claim.
If you suffered losses and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
As of September 18, 2020, Brenda Smith (a/k/a Brenda Peterman)’s FINRA BrokerCheck Report contains the following:
BARRED: FINRA has barred this individual from acting as a broker or otherwise associating with a broker-dealer firm.
Disclosure Events
1 Customer Dispute(s)
2 Regulatory Event(s)
See FINRA Letter of Acceptance, Waiver and Consent No. 2017052325901
1 Investigation(s)
1 Employment Separation After Allegations
1 Criminal Disclosure(s)
1 Civil Disclosure(s)
UPDATE 9/18/2020: According to FINRA’s September 2019 Disciplinary Actions: “Brenda Ann Smith (CRD #4348518, Philadelphia, Pennsylvennia) July 2, 2019 – An AWC was issued in which Smith was barred from association with any FINRA member in all capacities. Without admitting or denying the findings, Smith consented to the sanction and to the entry of findings that she refused to provide documents and information requested by FINRA 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 she participated. (FINRA Case #2017052325901)
Current and Previous Registrations
05/12/2010 – 06/17/2019 CV BROKERAGE, INC (CRD#:462) WEST CONSHOHOCKEN, PA
FINRA expelled the firm on 03/13/2020
10/31/2012 – 02/25/2013 MCG SECURITIES LLC (CRD#:163144) WAYNE, PA
04/23/2009 – 06/16/2011 CRETUS SECURITIES (CRD#:148231) REDDING, CT
03/22/2010 – 02/28/2011 DSRM BROKERAGE, LLC (CRD#:149479) SAN FRANCISCO, CA
09/26/2007 – 11/05/2010 DREXEL HAMILTON, LLC (CRD#:143570) PHILADELPHIA, PA
10/17/2006 – 01/02/2008 KILDARE CAPITAL (CRD#:45796) RADNOR, PA
If you suffered losses and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
Due Diligence Requirement
FINRA requires broker’s to conduct due diligence on investments and to conduct a suitability analysis when recommending securities to a customer that takes into account the customer’s knowledge and experience. FINRA Rule 2111(a) states that “a member or an associated person must have a reasonable basis to believe that a recommended transaction or investment strategy involving a security or securities is suitable for the customer, based on the information obtained through the reasonable diligence of the member or associated person to ascertain the customer’s investment profile. A customer’s investment profile includes, but is not limited to, the customer’s age, other investments, financial situation and needs, tax status, investment objectives, investment experience, investment time horizon, liquidity needs, risk tolerance, and any other information the customer may disclose to the member or associated person in connection with such recommendation.”
Rule 2111 is composed of three main obligations: reasonable-basis suitability, customer-specific suitability, and quantitative suitability. Brokers and the brokerage firms they work for that fail to conduct adequate due diligence on investments they recommend or that make unsuitable recommendations can be held responsible for the customer’s losses in a FINRA arbitration claim.
If you suffered losses and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
Request a Free Consultation with a Securities Attorney
If you suffered losses investing with Brenda Smith (a/k/a Brenda Peterman) and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
This information is all publicly available and is being provided to you by Galvin Legal, PLLC.
Galvin Legal, PLLC is a national securities arbitration, securities mediation, securities litigation, securities fraud, securities regulation and compliance, and investor protection law practice. For more information on Galvin Legal, PLLC and its representation of investors, please visit www.galvinlegal.com or call 1-800-405-5117.
