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Written by 2:59 pm Blog, Current Investigations, Securities Fraud Articles

Investor Alert: Jeffrey H. Smith Barred from Securities Industry

Jeffrey H. Smith

The Securities Industry Bars Jeffery H. Smith

According to FINRA, former Morgan Stanley broker, Jeffrey H. Smith (CRD # 4505078, Williamsburg, Virginia) submitted an AWC in which he was barred from association with any FINRA member in any capacity.

Smith allegedly borrowed $300,000 from two clients — $150,000 from each — in December 2011 and August 2012, respectively, without first receiving prior written approval to enter into the loans from Morgan Stanley.

In addition to not disclosing the loans in subsequent annual sales questionnaires, Smith allegedly falsely attested he had not borrowed money from firm clients, according to the FINRA document.

In violation of FINRA rules, Smith, through his counsel, allegedly informed FINRA that he would not be furnishing requested documents, such as personal bank account statements, as part of an investigation into his conduct.

Mr. Smith allegedly also failed to disclose a creditor compromise in a timely manner, according to FINRA.

For FINRA’s full findings see FINRA Case # 2015044363701.

According to FINRA BrokerCheck, Smith was registered with Wells Fargo Advisors in Williamsburg, VA from 02/2015 – 06/2016 and with Morgan Stanley in Williamsburg, VA from 06/2009 – 01/2015.

Recovery of Investment Losses

If you suffered losses investing with Jeffrey Hunter Smith, the attorneys at The White Law Group may be able to help. For a free consultation, please call (888) 637-5510.

The foregoing information, which is all publicly available on FINRA’s website, is being provided by The White Law Group. The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Franklin, Tennessee. For more information on the firm and it’s representation of investors, visit www.whitesecuritieslaw.com.

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