Last Updated: April 2025 — Fort Myers, FL
Here’s what you need to know about Fort Myers, FL, stockbroker Stephen R. Smith:
- Name: Mr. Stephen Richard Smith
- Current Employer: Cetera Investment Services LLC / Cetera Investment Advisers LLC
- Prior Employers: BBVA Wealth Solutions Inc., BBVA Securities Inc., Allstate Financial Advisors, Raymond James Financial Services, Prudential Securities Inc.
- Function: Stockbroker / Financial Advisor
- Aliases: Stephen Smith
- Primary Location: Fort Myers, FL
- CRD Number: 2632131
- Can Stephen Smith be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Pending Customer Dispute: Pending dispute alleges $200,000 in damages
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 LLC has filed a pending arbitration case with FINRA (Case No. 24-01561), alleging that Stephen Smith made unsuitable investment recommendations involving equity-indexed annuities. The client is seeking damages of $200,000. The case was filed on July 17, 2024.
Allegations of Broker Misconduct Against Stephen Smith
Unsuitable Investment Recommendations related to a fixed annuity and equity-indexed annuity
FINRA Rule 2111- suitability -Regulation Best Interest
The Financial Industry Regulatory Authority (FINRA) Rule 2111 requires that brokers have a reasonable basis to believe that a recommended transaction or investment strategy is suitable for the customer, based on information obtained through reasonable diligence. The allegation of unsuitable recommendations may constitute a violation of this rule.
Stephen Smith is licensed in multiple U.S. states and territories and is currently registered with Cetera Investment Advisers LLC and Cetera Investment Services LLC. He has worked in the financial services industry since the late 1990s and has previously been affiliated with several firms across Florida, Colorado, and Texas.
Recover Your Investment Losses Now With Rex Securities Law
Investigation of Cetera Financial Brokers-Lawsuits, Arbitrations & Disputes
If you have suffered investment losses in an account handled by Stephen R. 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.