National investment loss lawyers KlaymanToskes is investigating broker Ronald Smith of Sanford C. Bernstein & Co., and formerly of Spartan Capital Securities (CRD# 6038062).
According to FINRA BrokerCheck, broker Ronald Smith, formerly of Spartan Capital Securities, and now registered with Sanford C. Bernstein & Co., is facing a pending customer complaint seeking $250,000 in damages for alleged breach of fiduciary duty, negligence, failure to supervise, failure to recommend suitable investments, failure to act in the customer’s best interest, unauthorized trading, and misrepresentation related to private placement investments.
Investors that suffered losses with broker Ronald Smith are encouraged to contact attorney Lawrence L. Klayman, Esq., at 888-997-9956 or by email at investigations@klaymantoskes.com to discuss potential recovery options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
Ronald Smith, who formerly worked as a broker at Spartan Capital Securities, has faced two customer complaints between 2021 and 2024. One customer complaint, made in February 2024, alleges $250,000 in damages due to unsuitable recommendations to invest in private placements. The customer further alleges breach of fiduciary duty, negligence, failure to supervise, and failure to act in the customer’s best interest. A second customer complaint filed in 2021 alleged $42,035 in investor damages, however the complaint was closed with no action. Smith is reportedly currently registered with Sanford C. Bernstein & Co. in Stamford, CT.
As an investor, there are a few signs that you should look out for if you believe you may have a claim against your financial advisor. These signs could potentially indicate misconduct, negligence, or investment fraud. Investors are encouraged to contact our firm immediately if you have experienced any of the following:
Some investors have close relationships with their brokers due to the time and trust built over the course of their investment relationship. However, it is crucial to remember that financial decisions should be based on careful analysis and due diligence rather than solely relying on personal relationships.
Engaging the services of an experienced securities attorney to evaluate your specific circumstances is strongly advised. At KlaymanToskes, our team of experienced securities attorneys has a deep understanding of this complex area of law, allowing us to provide invaluable insight and tailored guidance that directly addresses your individual needs.
If you suffered losses with broker Ronald Smith, or have concerns regarding your investment portfolio at Spartan Capital Securities and/or Sanford C. Bernstein & Co., LLC, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.