INVESTIGATION: Brenda Smith of CV Brokerage – West Conshohocken, PA
Brenda Smith, formerly with CV Brokerage, Barred from Securities Industry
Have you lost money with financial advisor Brenda Smith of West Conshohocken, Pennsylvania? The law firm of Israels & Neuman, PLC is investigating allegations made by FINRA, the Financial Industry Regulatory Authority, against Brenda Ann Smith. FINRA barred Smith from the securities industry after she failed to respond to a FINRA investigation. FINRA was investigating Smith regarding allegations about potential misrepresentations about the performance of an investment fund. In conjunction with this investigation, FINRA also fined Smith’s former brokerage firm, CV Brokerage, for $100,000 for supervisory failures related to Smith. Brenda Smith was the firm’s CEO and Chief Compliance Officer.
Brenda Smith was a financial advisor and registered representative of CV Brokerage from 2010 to June 2019. She worked at a branch office in West Conshohocken, Pennsylvania. Smith is also the subject of a $3.3 customer complaint.
Brokerage firms like CV Brokerage have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Seattle, Washington; Ann Arbor, Michigan; and Denver Colorado. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in Pennsylvania. Our attorneys have recovered millions of dollars for investors against many brokerage firms in the past.
Click to view: Smith, Brenda FINRA AWC
Click to view: CV Brokerage AWC
Click to view: Smith, Brenda BrokerCheck 7.3.19
If you lost money with Brenda Smith or CV Brokerage, please CONTACT US at 720-599-3505 for a free evaluation of your case.
Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency. Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency. All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact. This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice. Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis. In contingent representation, clients may still be liable for costs.