Paul Wescoe Smith—Private Securities Transaction

Cleveland stockbroker fraud attorneyPaul Wescoe Smith Allegedly Engaged in a Private Securities Transaction

Paul Wescoe Smith, formerly associated with Bolton Global Capital in Wayne, Pennsylvania, allegedly engaged in a private securities transaction, according to a recent FINRA Letter of Acceptance, Waiver and Consent (AWC) currently under review by attorneys Alan Rosca and James Booker.

Investors who believe they may have lost money in activity related to Paul Wescoe Smith’s alleged private securities transaction are encouraged to contact attorneys Alan Rosca or James Booker with any useful information or for a free, no obligation discussion about their options.

The Peiffer Rosca Wolf securities lawyers are currently investigating Paul Wescoe Smith’s alleged private securities transaction.

Smith, in late 2015, allegedly took part in the sale of unregistered securities in the shape of a hedge fund named The Haverford Group to over twelve investors, according to reports from Pennsylvania.

Smith was also let go by Bolton Global Capital after allegedly “selling away” which was purportedly based on upon material obtained by the SEC which informed Bolton Global Capital that Smith reportedly “had engaged in a private securities transaction without first notifying the firm”, according to FINRA Public Disclosure Records.

Specifically, on February 14, 2017, Bolton purportedly filed a Uniform Termination Notice for Securities Industry Registration wherein FINRA disclosed that Smith’s employment was terminated on February 2, 2017 after the SEC informed Bolton that Smith had conducted a private securities transaction without notifying the firm, the AWC reports.

Later, on March 8, 2017 and April 10, 2017, Smith received a letter from FINRA staff which requested that Smith provide documents and information to FINRA by March 22, 2017 and April 17, 2017, respectively, pursuant to FINRA Rules, the AWC states.

Smith allegedly did not provide any documents or information, and, in an email to FINRA staff which was dated April 13, 2017, Smith, via his legal counsel, allegedly informed staff that he would not respond to the staff’s requests, the AWC notes.

Paul Wescoe Smith Barred by FINRA

Paul Wescoe Smith, by allegedly failing to provide documents and information as requested pursuant to FINRA Rules, reportedly violated FINRA Rules, according to the aforementioned AWC currently under review by attorneys Alan Rosca and James Booker.

As a result, Smith has been barred by FINRA from association with any FINRA member in all capacities, the AWC reports.

One should also note that, according to the AWC, Paul Wescoe Smith neither admitted nor denied the FINRA findings.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of investment fraud and are currently investigating to Paul Wescoe Smith’s alleged private securities transaction. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of to Paul Wescoe Smith’s alleged private securities transaction may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520 or via e-mail at arosca@prwlegal.com or jbooker@prwlegal.com.

Alan Rosca (1234 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.


In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.