Brenda Smith – Financial Advisor/Broker Brenda Smith Barred from Securities Industry

Brenda Smith – Financial Advisor/Broker Brenda Smith Barred from Securities Industry | Goodman & Nekvasil P.A., May Recover Investor Losses

Brenda Smith CRD #4348518

-Update 8/29/19- SEC Files Complaint Against Brenda Smith Alleging Fraud and Ponzi Scheme

Brenda Smith was a formerly licensed financial advisor with CV Brokerage, Inc. According to Brenda Smith’s CRD, Brenda Smith was barred from the securities industry in June 2019.

According SEC Allegations:

This case involves an investment advisory fraud in which Brenda A. Smith and the other Defendants solicited securities trading strategies. However, Brenda Smith took the vast majority of these funds for unrelated companies, to pay back to her investors, and for personal use. And, in 2019, confronted with at least one investor trying to redeem its investment, Brenda Smith created a fictious valuation of assets back by false claims that Brenda Smith held billions of dollars in assets through a company she owned.

From at least February 2016 through the present, Brenda Smith, defendant Broad Reach Capital, LP (“Broad Reach Fund”), defendant Broad Reach Partners, LLC, and Bristol Advisors, LLC, engaged in this fraud. Brenda Smith dominated and controlled the Entity Defendants such that they were essentially her alter egos.

According to FINRA:

On May 23, 2019, 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 Brenda Smith participated, FINRA staff sent to Brenda Smith, pursuant to FINRA Rule 8210, a request for documents and information. As stated by Brenda Smith’s counsel in a telephone call on June 4, 2019, and by this agreement, Brenda Smith acknowledges that Brenda Smith received FINRA’s request but will not produce the requested documents and information at any time.

According to Brenda Smith’s CRD, a customer dispute has been filed alleging sales practice violations against Brenda Smith. According to Brenda Smith’s CRD allegations include fraud, breach of fiduciary duty, breach of contract, unlawful conversion, violation of section 5104 of Pennsylvania uniform voidable transaction act and permanent injunctive relief. This customer dispute is pending and seeks $3,341,500 in damages.

Goodman & Nekvasil, P.A. May Recover Investor Losses:

If you lost money on investments with Brenda Smith and believe the investments may have been unsuitable or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action concerning Brenda Smith’s conduct. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.

Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. Goodman & Nekvasil, P.A. has recovered more than $180 million on behalf of victimized investors. If you lost money on investments with Brenda Smith and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us. 

Brenda Smith, Investment Fraud Attorney, Stockbroker Misconduct Disciplinary Actions, Unsuitable Investment Advice, Investment Fraud, Churning, Misrepresentation and Omission of Material Facts, Elder Fraud, Unauthorized Trading, Theft, Selling Away, Unapproved Outside Business, Nationwide, PIABA, SEC, Securities Exchange Commission, NASD, National Association of Securities Dealers, NASDAQ, Dow Jones, Wall Street, New York Stock Exchange, Brenda Smith

Contact Us Today!

1 Step 1
FormCraft - WordPress form builder