According to records provided by the Financial Industry Regulatory Authority (FINRA) on February 26, 2016, former California-based Summit Brokerage Services broker Debra Smith is currently not licensed to act as a broker or an investment adviser. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from customers who have complaints regarding Ms. Smith (CRD# 2699606).
Debra Smith has spent nineteen years in the securities industry and was most recently registered with Summit Brokerage Services in Rohnert Park, California (1999-2015). She was previously registered with LSA Securities in Lincoln, Nebraska (1998-1999) and SunAmerica Securities in Phoenix, Arizona (1996-1998). She is currently not registered with any state or firm.
According to her BrokerCheck report, Debra Smith is the subject of two customer complaints.
In 2013 a customer alleged Debra Smith, while employed at Summit Brokerage Services, recommended an unsuitable investment in real estate securities. The complaint settled in 2014 for $289,000, to which Ms. Smith individually contributed $25,000.
In 2013 a customer alleged Debra Smith, while employed at Summit Brokerage Services, breached her fiduciary duty, breached her contract, made unsuitable investment recommendations, and over-concentrated investments in connection to investments in real estate security in 2007 and 2008. The complaint settled in 2014 for $425,000, to which Ms. Smith individually contributed $25,000.
If you or someone you know has complaints regarding Debra Smith, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be entitled to recover lost funds. All cases are taken on a contingency basis: Fitapelli Kurta only receives payment if and when you collect money. Time to file your claim may be limited, so we suggest you avoid delay. Call 877-238-4175 now to speak to an attorney for free.