Publicly available records published by the Financial Industry Regulatory Authority (FINRA) on October 14, 2016 indicate that former Connecticut-based MML Investors Services broker Paul Smyth has been permanently barred from acting as a broker or otherwise associating with firms that sell securities to the public. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Smyth (CRD# 4881052).
Paul Smyth has spent ten years in the securities industry and was most recently registered with MML Investors Services in Fairfield, Connecticut (2010-2015). Previous registrations include Northwestern Mutual Investment Services in Wilton, Connecticut (2005-2010). He is currently not registered with any state or firm.
According to his BrokerCheck report, Paul Smyth has received one FINRA sanction and one pending customer complaint.
In September 2016 FINRA sanctioned Paul Smyth following allegations he “refused to appear for on-the-record testimony as requested by FINRA staff in relation to an amended Form U5 reporting that his former employing member firm was conducting an internal review of a customer complaint alleging that cash premium payments given to Smyth for the customer’s whole life insurance policies could not be found, and that the customer’s signature on documents related to those policies was forged.” He was permanently barred from acting as a broker or otherwise associating with firms that sell securities to the public.
In May 2016 a customer filed a complaint against Paul Smyth, in connection to his conduct while employed at MML Investors Services, alleging: “she gave the rep cash to pay the premiums on her whole life policies but that money cannot be found. She further alleges that her signature was forged on a document relating to one of the policies.” The customer is seeking $27,565 in damages in the pending complaint.
In 2015 Paul Smyth was terminated from his position at MML Investors Services following allegations he “did not comply fully with terms of special supervision agreement.”
If you or someone you know has a complaint regarding Paul Smyth, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be able to recover lost funds. Fitapelli Kurta accepts all cases on contingency: we only get paid if and when you collect money. You may have a limited window to file your complaint, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.