National investment loss lawyers KlaymanToskes is investigating broker Curtis Wayne Smith (CRD# 1383235) formerly of United Planners’ Financial Services.
According to FINRA BrokerCheck, broker Curtis Wayne Smith of United Planners’ Financial Services has been suspended. FINRA found that in 2024, Smith impersonated a customer on four telephone calls to an annuity provider in order to obtain paperwork to facilitate a transaction for the customer, in violation of FINRA Rule 2010. Furthermore, in April 2022, Smith exercised discretion without prior written authorization in a customer account, in violation of FINRA Rules 3260(b) and 2010.
Smith was terminated by United Planners’ in August 2024 due to allegations that he was found and admitted to calling an insurance company and impersonating a client to get information on a contract he was not the agent of record on, and also was found and admitted to using an unapproved email address for securities business.
Investors that suffered losses with broker Curtis Wayne Smith are encouraged to contact attorney Lawrence L. Klayman, Esq., at 888-997-9956 or by email at investigations@klaymantoskes.com to discuss recovery options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
Curtis Wayne Smith, a financial advisor previously registered with United Planners’ Financial Services, has been suspended by the Financial Industry Regulatory Authority (FINRA). According to FINRA’s findings, Smith impersonated a customer on four telephone calls to an annuity provider in order to obtain paperwork to facilitate a transaction for the customer. Additionally, 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 allegedly attempted to conceal his misconduct by using a personal email account to send an email discussing the transaction with the affected customers. Further, Smith allegedly falsely certified to his firm that he did not use discretion in commission-based accounts. Curtis Wayne Smith was registered with United Planners’ Financial Services until August 2024 in Omaha, NE.
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 Curtis Wayne Smith, or have concerns regarding your investment portfolio at United Planners’ Financial Services, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.