Erez Law is currently investigating former Spartan Capital Securities, LLC broker Ronald Smith (CRD# 6038062) regarding accusations of private placement losses. He has been registered with Sanford C. Bernstein & Co., LLC in Stamford, Connecticut, and Alliancebernstein L.P. in Stamford, Connecticut, since 2024. He was registered with Spartan Capital Securities, LLC in New York, New York, from 2013 to 2023.
Ronald Smith Customer Complaints
He has been the subject of two customer complaints between 2021 and 2024, one of which was denied, according to his CRD report:
February 2024. “Breach of Fiduciary Duty, Negligence, Failure to Supervise, Failure to Recommend Suitable Investments, Failure to Act in Claimants Best Interest, Unauthorized Trading, Misrepresentation and Omission of Material Facts..” The customer is seeking $250,000 in damages, and the case is currently pending. The complaint was regarding a private placement, and it took place while he was registered with Spartan Capital Securities, LLC.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Spartan Capital Securities, LLC may be liable for investment or other losses suffered by Ronald Smith’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
"*" indicates required fields
