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FINRA Suspends Alexandra Smith After Alleged Failure to Provide Information

Alexandra Smith (CRD #: 6584319), a broker registered with J.P. Morgan Securities, has been suspended by FINRA, according to her BrokerCheck record, accessed on October 7, 2022. Read on if you have questions about her conduct as a broker.

Investor Dispute

On June 28, 2022, FINRA notified Alexandra Smith of her suspension due to her alleged failure to respond to FINRA requests for information.

Her suspension began on July 22, 2022, and will continue until it converts into a bar or FINRA receives the requested information.

FINRA Rule 9552

FINRA Rule 9552 penalizes members that fail to provide information on request by FINRA or fail to keep their membership documents current. Suspensions under this rule typically convert into indefinite bars after three months unless the member requests an end to their suspension.

Termination from J.P. Morgan Securities

On September 1, 2021, Alexandra Smith was fired by JPMorgan Chase Bank for an alleged violation, unrelated to securities, concerning the firm’s policy regarding personal finances. Alexandra Smith allegedly made several cash deposits to her personal affiliate bank account under the cash reporting threshold of $10,000.

Banks want to catch “structuring,” a term for dividing up deposits to avoid the federal requirement for reporting deposits of $10,000 or more. This requirement comes from the Bank Secrecy Act, which aims to help officials identify money laundering

Background Information

Alexandra Smith has passed the following exams:

  • Series 66 – Uniform Combined State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination

She previously worked for J.P. Morgan Securities (CRD#:79) and Merrill Lynch, Pierce, Fenner & Smith (CRD#:7691).

Kurta Law Can Help

If you worked with Alexandra Smith and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.