arbitration notice

Mark Smith, of Greenwood Village, Colorado, a stockbroker registered with Transamerica Financial Advisors Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim which settled for $40,000.00 in damages resulting from a crypto currency deal recommended by Smith when he was associated with Transamerica Financial Advisors. Financial Industry Regulatory Authority (FINRA) Arbitration No. 22-00513.

FINRA Public Disclosure reveals that Smith has been identified in two other customer initiated investment related disputes concerning his conduct. On August 13, 2021, a customer filed an investment related complaint involving Smith’s conduct in which the customer requested $15,000.00 in damages based upon allegations of the failure to repay the customer’s funds that were invested in crypto currencies.

Smith was also the subject of a customer complaint on September 3, 2021, in which the customer requested compensatory damages based upon allegations that the customer’s signature was placed by the stockbroker on variable annuity applications.

Smith has been barred from associating with any FINRA member in any capacity because Smith failed to testify when FINRA investigated the stockbroker for possible violations of FINRA rules. Letter of Acceptance, Waiver, and Consent No. 2021072110901 (Jan. 26, 2022).

According to the AWC, on December 14, 2021, Smith was asked by FINRA to testify in an investigation concerning the reason his registration was terminated by Transamerica Financial Advisors Inc. The securities broker dealer informed FINRA that Smith was involved in an unauthorized transaction in a customer’s banking account. Smith informed FINRA that he would not cooperate with its request for testimony at any time. Therefore, FINRA found that he violated FINRA Rules 2010 and 8210.

Mark Smith was associated with Transamerica Financial Advisors Inc. in Greenwood Village, CO, as a stockbroker from January of 2012 to July of 2021.