CURTIS WAYNE SMITH – Investment Adviser Terminated & Suspended– May Recover Investor Losses
UNITED PLANNERS’ FINANCIAL SERVICES OF AMERICA A LIMITED PARTNER Investment Adviser, CURTIS WAYNE SMITH – Terminated & Suspended.
CRD#: 1383235
CURTIS WAYNE SMITH (CRD#: 1383235), a former broker for UNITED PLANNERS’ FINANCIAL SERVICES OF AMERICA A LIMITED PARTNER in OMAHA, NE, was recently suspended for three-months and fined $5,000.00 after the broker consented to FINRA sanctions.
According to Smith’s FINRA BrokerCheck report, Without admitting or denying the findings, Smith consented to the sanctions and to the entry of findings that he impersonated a customer on four telephone calls to an annuity provider in order to obtain paperwork to facilitate a transaction for the customer.
The findings stated that Smith recommended that the customer transfer their fixed annuity contract into a brokerage account in order to purchase certain securities and receive a monthly dividend. In connection with that recommendation, which the customer accepted, Smith made the phone calls to the annuity provider.
The findings also stated that Smith exercised discretionary authority in a non-discretionary account by reallocating a variable annuity’s subaccount allocation without prior written authorization from the customers who owned the and without the account having been accepted as discretionary by his member firm. Smith attempted to conceal his misconduct by using a personal email account to send an email discussing the transaction with the affected customers.
Further, Smith falsely certified to his firm that he did not use discretion in commission-based accounts.
The findings also included that Smith caused his firm to fail to preserve required books and records by using two personal email accounts to conduct securities business.
UNITED PLANNERS’ FINANCIAL SERVICES OF AMERICA A LIMITED PARTNER Terminated Smith’s Employment on August 1, 2024
UNITED PLANNERS’ FINANCIAL SERVICES OF AMERICA A LIMITED PARTNER Investment Adviser, CURTIS WAYNE SMITH – Terminated & Suspended.
Goodman & Nekvasil, P.A., is investigating brokers who may have unsuitably recommended investments to their clients.
St. Petersburg, Florida law firm Goodman & Nekvasil, P.A., has a national practice representing victimized investors. The firm continues to investigate brokerage firms that placed elderly retirees and other conservative investors in unsuitable investments.
Goodman & Nekvasil, P.A., has filed numerous cases against brokerage firms selling high-risk investments and has recovered more than $400 million dollars on behalf of victimized investors.
We allege in these cases that these investment recommendations were unsuitable for our clients in view of their financial situation, needs and investment objectives.
There is no charge for an evaluation of your case. We handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee.
If you incurred losses on your investment and would like your case evaluated by a securities attorney, please contact us.
Some of the information in this blog post was obtained from FINRA on 4/16/25. If you believe this information was reported incorrectly, please contact our firm: 1-800-500-4442.