Paul W. Smith, formerly of Bolton Global Capital, Barred from Securities Industry
Have you lost money with financial advisor Paul W. Smith of Wayne, Pennsylvania? We are investigating allegations made by FINRA, the Financial Industry Regulatory Authority, against Paul Wescoe Smith. FINRA barred Smith from the securities industry after he failed to respond to a FINRA investigation. FINRA was investigating Smith regarding allegations that he sold private investments to a customer without permission from his brokerage firm, Bolton Global Capital.
Paul Smith was a financial advisor and registered representative of Bolton Global Capital from May 2007 to February 2017. He worked at a branch office in Wayne, Pennsylvania. Smith has been the subject of four customer complaints. One of the complaints alleged that in 2012, a customer gave Smith a check for $130,000 to invest. When the customer requested his money back in April 2017, Paul Smith told the customer to contact Smith’s attorney.
Brokerage firms like Bolton Global Capital 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 numerous investors in Pennsylvania. Our attorneys have represented over one thousand investors against many brokerage firms in the past.
Click to view: Smith, Paul BrokerCheck 6.9.17
Click to view: Smith, Paul FINRA AWC
If you lost money with Paul Smith or Bolton Global Capital, please CONTACT US at 720-599-3505 for a free evaluation of your case.
Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency. Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency. All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact. This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice. Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis. In contingent representation, clients may still be liable for costs.