Robert Cameron Smith (also known as Rob Smith) of New York New York the Chief Executive Officer, Chief Compliance Officer and Board Member of IVC Group Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that he failed to comply with a FINRA investigation into allegations of Smith’s sale of unregistered notes and his potential unauthorized use of donations. Letter of Acceptance Waiver and Consent No. 2021070809101 (July 23, 2021).
According to the AWC, in March of 2021, Smith was investigated for selling unregistered notes issued by ICV Crowd. He was also being probed on his handling of donations that had been made to ICV Group. The AWC stated that Smith had initially responded to FINRA’s requests. This stopped in July of 2021 after he was asked by the regulator to testify.
FINRA indicated that on June 30, 2021, Smith was asked to testimony from July 19, 2021 to July 22, 2021 as a condition of meeting FINRA’s requests. The regulator received confirmation from Smith’s lawyer that Smith would not testify on those dates or at any other time. FINRA determined that Smith violated FINRA Rules 2010 and 8210 by refusing to testify.
Smith was registered with ICV Group between January 23, 2020 and July 23, 2021. The securities broker dealer was expelled by FINRA on July 23, 2021.