Ronald G. Smith (also known as Ron Smith), of Stamford, Connecticut, a stockbroker registered with Sanford C. Bernstein Co. LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $250,000.00 in damages based upon allegations that Smith made misrepresentations and omissions of material facts, engaged in unauthorized trading, failed to act in the customer’s best interest, made unsuitable investment recommendations, failed to supervise, was negligent, breached his fiduciary duties and engaged in other forms of misconduct in connection with the sale of private placements during the time that Smith was associated with Spartan Capital Securities LLC. FINRA Arbitration No. 24-00400 (February 22, 2024).
This is not the first time that Smith has been referenced in a customer initiated investment related dispute concerning Smith’s conduct in the securities industry. FINRA Public Disclosure shows that Smith was also referenced in a customer initiated investment related complaint filed on January 21, 2021, in which the customer requested $42,035.00 in damages resulting from the sale of stocks during the period that Smith was associated with Spartan Capital Securities LLC. This complaint was closed without further action taken by the customer.
Smith was associated with Spartan Capital Securities LLC in New York, New York from July 1, 2013, to December 26, 2023.
