Paul Wescoe Smith—Private Securities Transaction
Paul 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 Jason Kane 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 Jason Kane or James Booker with any useful information or for a free, no obligation discussion about their options.
The Peiffer Wolf Carr & Kane 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 Jason Kane 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 Wolf Carr & Kane 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 Wolf Carr & Kane, Jason Kane or James Booker, for a free no-obligation evaluation of their recovery options, at (585) 310-5140 or via e-mail at email@example.com or firstname.lastname@example.org.