brokerwatch

Gary Smith and Tyler Smith | H. Beck and Smith Investments & Retirement

Gary Smith

According to FINRA’s BrokerCheck website for Public Disclosures, Gary is the subject of 11 disclosures. Some of the most notable are as follows:

• September 2016 – Employment Separation After Allegations – Discharged. “Failure to follow firm policies regarding altering customer documents.”
• June 2011 – Civil Bond. Payout: $5,000.
• August 2010 – Customer Dispute – Settled. Settlement amount: $50,000. Allegations: “DPP [Delivered Duty Paid] products unsuitable and speculative based on their investment objectives and risk tolerance.”
• September 2009 – Civil Bond. Payout: $5,000.
• June 1992 – Regulatory – Final. Initiated by the SEC (Securities and Exchange Commission).  Allegations “… Smith violated the recordkeeping provisions of the adviser act by failing to keep required books and records and violated the reporting provisions of the advisers act…”

Prior to H. Beck, Gary was a broker registered with Carey Jemison & Company, Hibbard Brown & Co., FSC Securities Corporation, E. F. Hutton & Company, Dain  Bosworth Incorporated, and Merrill Lynch Pierce Fenner & Smith Incorporated.

Tyler Smith

According to FINRA’s BrokerCheck website for Public Disclosures, Tyler Smith is the subject of 2 disclosures:

• December 2018 – Employment Separation After Allegations – Discharged. Allegations:”Registered Representative continued to engage firm clients jointly, with his father, ex-representative Gary Smith, who was previously discharged for cause. Specifically, email communications indicated a continuing business relationship and direct interaction between H. Beck clients and Gary Smith, with Tyler Smith’s knowledge, despite the Firm’s prohibition against such a relationship.”
• February 2016 – Customer Dispute – Closed. Allegations include “unauthorized trades, negligence on certain stocks, unauthorized increase in Net Worth and Liquid Net worth; Forgery; unauthorized trading/discretion.”

If you invested with Gary Smith and Tyler Smith of H. Beck and Smith Investments & Retirement, contact Peiffer Wolf immediately for a FREE Consultation.

To review Gary Smith’s BrokerCheck report, click here:

https://brokercheck.finra.org/individual/summary/427601 

*BrokerCheck is run by the Financial Industry Regulatory Authority, Inc. (FINRA)

To review Tyler Smith’s BrokerCheck report, click here:

https://brokercheck.finra.org/individual/summary/5931235

*BrokerCheck is run by the Financial Industry Regulatory Authority, Inc. (FINRA)

Gary Smith and Tyler Smith Investigation

Financial advisors (brokers) have a legal obligation and regulatory obligation to recommend only suitable investments that are appropriate for their individual clients. Their broker-dealer (employing brokerage firm) has a legal obligation and regulatory obligation to supervise the financial advisor’s sales practices and dealings with clients. To the extent that any of these duties are breached, the customer may be entitled to a recovery of his or her investment losses.

Based on our experience, we believe that there are more investors who have been the victims of Gary Smith and Tyler Smith’s alleged broker misconduct and investment fraud. If you invested with Gary Smith or Tyler Smith of H. Beck and Smith Investments & Retirement, contact Peiffer Wolf immediately for a FREE Consultation. 585-310-5140.