Jeremy Smith Allegedly Made Unsuitable Investment Recommendation

Jeremy Smith (CRD #: 5058621), a broker registered with United Planners’ Financial Services of America, allegedly gave an unsuitable investment recommendation, according to his BrokerCheck record, accessed on January 12, 2025. Investors may have also engaged his services through Seros Financial. Read on to learn more about his alleged conduct as a broker.

Investor Dispute

On November 26, 2024, an investor alleged that Jeremy Smith recommended an investment that was unsuitable for their risk profile. The client sought $50,000 in damages but the dispute was denied by the firm.

However, investors should know that firms can deny disputes without an external review. Investors can still recover damages following a denial by pursuing FINRA arbitration.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to take investors’ profiles into account when recommending investments. An investor’s profile includes information about their risk tolerance, tax status, and investment goals.

Investors who rely on their broker for recommendations may be able to recoup their losses through FINRA arbitration.

Background Information

Jeremy Smith has passed the following exams:

• Securities Industry Essentials Examination – SIE
• General Securities Representative Examination – Series 7
• Uniform Securities Agent State Law Examination – Series 63
• Uniform Investment Adviser Law Examination – Series 65

Jeremy Smith is a registered broker in 23 states and a registered investment adviser in Arizona and Texas.

He has also worked for the following firms:

• Newmark Capital Management (CRD#:153960)
• First Financial Equity Corporation (CRD#:16507)
• Alliance Financial Group (CRD#:114169)
• SagePoint Financial (CRD#:133763)

Kurta Law Can Help

If you worked with Jeremy Smith and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.