Last Updated: May 2025 – Fort Myers, FL
Here’s what you need to know about Fort Myers, FL stockbroker Stephen Smith:
- Name: Mr. Stephen Richard Smith
- Current Employer: Cetera Investment Services
- Prior Employers: BBVA Wealth Solutions Inc., BBVA Securities Inc., Allstate Financial Advisors, Raymond James Financial Services, Prudential Securities
- Function: Stockbroker / Financial Advisor
- Aliases: Stephen R. Smith
- Primary Location: Fort Myers, FL
- CRD Number: 2632131
- Can Stephen Smith be sued in FINRA arbitration? Yes
- Pending Customer Dispute Seeks Damages of: $200,000
If you’ve sustained damages from Mr. Smith, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Stephen Smith As Your Stockbroker?
A customer of Cetera Investment Services filed a FINRA arbitration in July 2024 (Case No. 24-01561), alleging that Stephen Smith made unsuitable investment recommendations involving an equity-indexed annuity. The claimant seeks $200,000 in damages for losses allegedly incurred due to inappropriate product selection in this currently pending matter.
See this for our prior investigations of cases involving Annuities
This type of allegation, if proven, may constitute a violation of FINRA Rule 2111 (Suitability), which requires brokers to base investment recommendations on a client’s investment profile, including their risk tolerance and liquidity needs.
Allegations of Broker Misconduct Against Stephen Smith
Customers of Stephen Smith have alleged the following misconduct:
Unsuitable Annuity Recommendation
The Financial Industry Regulatory Authority (FINRA) requires all customer disputes and arbitration filings be disclosed on a broker’s record. Allegations of unsuitability are among the most frequently cited causes for customer loss claims in arbitration.
Recover Your Investment Losses Now With Rex Securities Law
Our Investigations of other Cetera brokers
If you have suffered investment losses in an account handled by Stephen Richard Smith, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL, and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors, and broker-dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.