Goodman and Nekvasil May Recover Investors Losses | Kristopher B. Smith (Kristopher Smith), Financial Advisor Suspended by FINRA
Reported by FINRA on February 29, 2016, Kristopher Smith was suspended from association with any FINRA member in any capacity for 10 business days. Smith entered into a Letter of Acceptance, Waiver and Consent with the Financial Industry Regulatory Authority (FINRA) Department of Enforcement to resolve allegations FINRA made against him regarding violations of securities industry rules.
According to FINRA, without admitting or denying the findings Kristopher Smith consented to the sanctions and to the entry of findings that he exercised discretion when placing hundreds of securities transactions in the brokerage accounts of customers.
The findings stated that although the affected customers accepted Kristopher Smith’s discretionary trading, his member firm prohibited the practice, except in limited circumstances that were inapplicable to the accounts at issue. Kristopher Smith was aware of this prohibition, having twice been instructed by his firm to stop exercising discretion in customer accounts.
FINRA’S Broker Check reports Kristopher Smith a registered representative with UBS Financial Services from August 2006 until June 2016.
Goodman & Nekvasil, P.A., a Clearwater, Florida, law firm with a national practice representing victimized investors, continues to investigate brokerage firms that placed elderly retirees and other conservative investors in high-risk investments.
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. We would like to discuss the possibility of your retaining our firm to represent you in an arbitration action.
If you lost any money on investments with Kristopher Smith, you may be able to recover your losses from UBS Financial Services. This is because UBS Financial Services had a duty to supervise Kristopher Smith.
Goodman & Nekvasil, P.A., has filed hundreds of cases against brokerage firms selling high-risk investments and has recovered more than $180 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. All our cases are handled on a purely contingency fee basis.
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. Finally, the filing of such a case should not affect your ownership of these investments in any way.