DID RONALD G SMITH CAUSE YOU INVESTMENT LOSSES?
Ronald Smith Of Sanford Bernstein & Co., LLC Has 2 Customer Complaints For Alleged Broker Misconduct
About Ronald Smith of Sanford Bernstein & Co., LLC?
Ronald Smith (CRD #6038062) has been active in the securities industry since 2013 and is currently employed with two firms: Alliance Bernstein L.P. as an investment adviser and Sanford C. Bernstein & Co., LLC as a registered broker. He has been with these firms since early 2024, with a focus on financial advisory services. Previously, he worked at Spartan Capital Securities, LLC, from 2013 to 2023, serving in roles such as Executive Director. Smith has passed four securities industry exams, including the General Securities Representative Exam (Series 7) and the Uniform Investment Adviser Law Exam (Series 65). He is licensed in Connecticut and registered with one self-regulatory organization.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Ronald Smith Customer Complaints and Reviews
Ronald G. Smith has two customer disputes disclosed on his FINRA record.
- Dispute 1:
- Date: Filed January 2021
- Complaint: Client sought $42,035 in damages for market losses. The broker stated that the client was a sophisticated investor and fully involved in decision-making.
- Outcome: The case was closed in November 2022 with no action.
- Dispute 2:
- Date: Filed February 2024
- Complaint: Claimant alleged breach of fiduciary duty, negligence, failure to recommend suitable investments, unauthorized trading, and misrepresentation related to private placements.
- Damages: The customer is seeking $250,000 in damages.
- Status: This case is currently pending arbitration through FINRA.
Allegations Against Ronald Smith
The allegations against Ronald G. Smith center on customer disputes related to his role as an investment advisor:
- Closed Dispute (2022):
- The customer claimed damages for market losses, attributing them to the broker’s actions over a year. Smith denied these claims, emphasizing the client’s active involvement in investment decisions.
- Pending Dispute (2024):
- Claims involve unauthorized trading, failure to recommend suitable investments, and misrepresentation in private placements. This dispute remains unresolved, with damages totaling $250,000.
Ronald Smith Red Flags & Your Rights As An Investor
Of course, Ronald Smith did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Ronald Smith at Sanford Bernstein & Co., LLC on alert to review carefully the activity and performance of their accounts and question whether Ronald Smith has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Sanford Bernstein & Co., LLC also raises questions about the brokerage firm’s supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At Sanford Bernstein & Co., LLC Due To Ronald Smith
If you have questions about Sanford Bernstein & Co., LLC and/or Ronald Smith and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.
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