Helen Smith Involved in Investor Dispute

Helen Smith (CRD #: 1702930), a broker registered with MML Investors Services, was named in a recent investor dispute, according to her BrokerCheck record, accessed on May 31, 2023. Keep reading to learn more about her alleged conduct as a broker.

Investor Disputes

On March 17, 2023, an investor alleged Helen Smith’s involvement in a potential real estate transaction led to damages.

These damages were allegedly also connected to the firm issuing a cease and desist prohibiting them from using the firm’s name in certain marketing materials. This dispute was denied by the firm.

In a dispute filed on October 20, 2020, an investor alleged that Helen Smith failed to fully inform her about a fixed annuity purchased in 2019 and funded with securities.

The client further alleged that Helen Smith failed to inform her that she would not receive any money at the end of the annuity period and that she would need to wait a year and pay an 8% penalty if she chose to cancel it. She sought $199,635.65 in damages but the firm denied the dispute.

However, investors should know that firms don’t need to allow an outside review before denying a dispute. Investors may be able to recover their losses by pursuing FINRA arbitration after a denial.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

FINRA Rule 2020

FINRA Rule 2020 bans the use of manipulative, deceptive, or otherwise fraudulent methods to influence investors’ decisions. This includes the misrepresentation or omission of information related to investments, such as their limitations, risks, or potential returns.

Background Information

Helen Smith has passed the following exams:

• Series 66 – Uniform Combined State Law Examination
• Series 63 – Uniform Securities Agent State Law Examination
• SIE – Securities Industry Essentials Examination
• Series 7 – General Securities Representative Examination
• Series 6 – Investment Company Products/Variable Contracts Representative Examination

Helen Smith is a registered broker in 16 states and a registered investment adviser in Florida and Texas.

She has also worked for MSI Financial Services (CRD#:14251) and First Investors Corporation (CRD#:305).

Kurta Law Can Help

If you worked with Helen 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.