FINRA’s Allegations

FINRA alleged that it initiated an investigation into Ronald G. Smith regarding allegations that he engaged in excessive trading or churning in a customer account.  He provided a partial response to FINRA’s investigation but did not provide all of the requested documents and information.

It is a violation of FINRA Rule 8210 to refuse to respond to or cooperate with a FINRA investigation.  Violations of FINRA Rule 8210 often result in suspensions or expulsions from the securities brokerage industry, and Smith was barred by FINRA.

Ronald Smith’s Industry History

Ronald Smith was affiliated with Spartan Capital Securities from 2013 to December 2023.  He worked in a New York City office.  In addition, he has been the subject of two customer complaints.

Spartan Capital Securities’ Potential Responsibility

Under FINRA Rule 3110, broker-dealers like Spartan Capital Securities must reasonably supervise the activities of their representatives.  If a firm does not adequately supervise their representatives, it could be liable for any investor harm.

Our firm represents investors throughout the country as well as New York, who have been victims of broker misconduct, unsuitable investment recommendations, and fraud.  If you were a client of Ronald G. Smith and believe he acted improperly, you may be entitled to recover losses through FINRA arbitration.

• View Ronald Smith FINRA AWC
• View his BrokerCheck Report

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