Wellington Robert Smith—Improper Business Practices

Wellington Robert Smith Terminated by Mutual of Omaha for “Improper Business Practices” Relating to Smith’s Alleged Interference “With Client Health Screening Telephone Interviews during the Underwriting Process”

Wellington Robert Smith was terminated by Mutual of Omaha terminated for “improper business practices”, according to a recent FINRA Letter of Acceptance, Waiver and Consent (AWC) currently under review by attorneys Alan Rosca and Joe Peiffer.

Smith’s alleged “improper business practices” relate to Smith’s purported interference “with client health screening telephone interviews during the underwriting process” regarding certain insurance applications, the AWC notes.

The Peiffer Rosca Wolf securities lawyers are currently investigating Wellington Robert Smith’s alleged improper business practices.

Wellington Robert Smith Barred for Refusing to Provide Testimony as Requested by FINRA in Connection with His Termination from Mutual of Omaha

Wellington Robert Smith barred by FINRA for allegedly refusing to provide testimony as requested in connection to the circumstances surrounding his termination from Mutual of Omaha, according to the aforementioned AWC currently under review by attorneys Alan Rosca and Joe Peiffer.

In April 2015, FINRA began investigating the circumstances surrounding Smith’s termination from Mutual of Omaha, and sent Smith’s counsel a letter requesting that Smith appear for on-the record testimony on December 17, 2015, the AWC notes.

Smith allegedly failed to appear for testimony on March 2, 2016, therefore subsequently violated FINRA Rules, and, hence, has been barred by FINRA, the AWC reports. One should also note that, according to the AWC, Wellington Robert 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 alleged improper business practices and are currently investigating Wellington Robert Smith. 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 Wellington Robert Smith’s alleged improper business practices may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or Joe Peiffer, for a free no-obligation evaluation of their recovery options, at 888-998-0520.

Alan Rosca (1148 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.