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 Rosca Wolf Investor Rights Lawyers Working to Help Investors

The Peiffer Rosca Wolf 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 Rosca Wolf, Alan Rosca or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at 888-998-0520.

Broker: Vicki Smith

Status: INVESTIGATED by Peiffer Rosca.

For brokercheck report and additional info click here!

Alan Rosca (1225 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.