Vicki Smith—Undisclosed Business Activities
Vicki Smith Allegedly Engaged in Undisclosed Business Activities
Vicki Smith allegedly engaged in undisclosed business activities, and also recommended a Ten Forty Inc. customer to invest $50,000 in her business, and facilitated the transaction and issued the customer a promissory note, according to a recent FINRA Letter of Acceptance, Waiver and Consent (AWC).
What is more, Smith allegedly converted a Ten Forty customer’s funds without the knowledge or the authorization of the customer, the AWC notes.
In addition, Smith was also the owner and the director of Ten Forty. Inc – a company that provided accounting services, according to the AWC.
Two Ten Forty Customers Started an Antiques Company, IIAAC, and Smith Allegedly Began Performing for IIAAC
Vikki Smith began working for a company, IIAAC, after two Ten Forty customers started said firm. IIAAC bought and sold collectibles and antiques, according to the AWC.
The AWC goes on to report that Smith agreed to act as the corporate secretary for IIAAC’s annual reports, and that also allegedly failed to disclose this activity and the fact that she was acting outside the broker dealer’s or her business’s scope, the AWC reports.
Smith also allegedly recommended a customer to invest $50k in IIAAC without disclosing this transaction to her broker dealer, according to the AWC.
The Peiffer Wolf Carr & Kane Investor Rights Lawyers Working to Help Investors
The Peiffer Wolf Carr & Kane investor rights lawyers often represent investors who lose money as a result of alleged outside business practices. 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 outside business practices may contact the investor rights lawyers at Peiffer Wolf Carr & Kane, Jason Kane or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at (585) 310-5140.
Broker: Vicki Smith
Status: INVESTIGATED by Peiffer Rosca.
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