Public records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on May 9, 2018 indicate that New Jersey-based PTS Brokerage broker/adviser Ronald Smith has received a regulatory sanction, a pending customer dispute and several unsatisfied tax liens. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Smith (CRD# 2483733).
Ronald Smith has spent 23 years in the securities industry and has been registered with PTS Brokerage in Mt. Laurel, New Jersey since 2004. Previous registrations include USAllianz Securities in Minneapolis, Minnesota (2000-2004); Locust Street Securities in Des Moines, Iowa (2000); Nationwide Advisory Services in Grandview Heights, Ohio (2000); Locust Street Securities in Des Moines, Iowa (1999-2000); Signator Investors in Boston, Massachusetts (1994-1999); and John Hancock Mutual Life Insurance Company in Boston, Massachusetts (1994-1997). He has passed four securities industry examinations: Series 66 (Uniform Combined State Law Examination), which he obtained on June 22, 2004; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on May 18, 1994; Series 7 (General Securities Representative Examination), which he obtained on March 10, 1999; and Series 6 (Investment Company Products/Variable Contracts Representative Examination), which he obtained on May 18, 1994. He is a registered broker and investment adviser with seven US states: Delaware, Florida, New Jersey, New York, Pennsylvania, Virginia, and West Virginia.
According to his BrokerCheck report, Ronald Smith has received one FINRA sanction, one pending customer complaint, and two unsatisfied tax liens.
In January 2018 the Internal Revenue Service filed a tax lien totaling $111,325.73 against him. The lien remains outstanding.
In September 2017 the Internal Revenue Service filed a tax lien totaling $162,713 against him. The lien remains outstanding.
In 2016 a customer alleged Ronald Smith, while employed at PTS Brokerage, charged excessive fees and shared revenue with a third party. The customer is seeking unspecified damages in the pending complaint.
In 2015 FINRA sanctioned him in connection to allegations he failed to timely amend his Form U4 so as to disclose the existence of federal tax liens and a state tax lien against him. He was issued a fine of $5,000 and a three-month suspension.
If you or someone you know has complaints regarding Ronald Smith, call 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: we only receive payment if and when you collect money. Time to file your claim may be limited by law, so we suggest you avoid delay. Call 877-238-4175 now to speak to an attorney for free.