WARNING! Impending Investigation: BRIAN SMIT and LPL FINANCIAL
Investigation of Brian Smit and LPL Financial
Have you lost money with financial advisor Brian Smit of Sioux Falls, South Dakota? We are investigating allegations made by FINRA, the Financial Industry Regulatory Authority, against Brian D. Smit. FINRA barred Smit from the securities industry after he failed to respond to a FINRA investigation. FINRA was investigating Smit regarding allegations that he engaged in private securities transactions without approval from his brokerage firm, LPL Financial.
Brian Smit was a financial advisor and registered representative of LPL Financial from April 2010 to August 2015. He worked at a branch office in Sioux Falls, South Dakota. He also worked with a firm called Pinnacle Wealth Management in Sioux Falls.
Brokerage firms like LPL Financial 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 Denver, Colorado and the Seattle area. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in South Dakota. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including LPL Financial, Merrill Lynch, Morgan Stanley, Smith Barney, Stifel Nicolaus & Company, UBS Financial Services, Oppenheimer, Charles Schwab, Wells Fargo Advisors, Ameriprise Financial Services, Raymond James, ProEquities, Securities America, National Securities Corp., and many others.
Click to view: Smit FINRA AWC
Click to view: Smit BrokerCheck 3.15.16
HAVE YOU LOST MONEY WITH BRIAN SMIT OR LPL FINANCIAL?
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