Advisor Alert: Our Attorneys Are Investigating Eugene Theodore Smietana For Investment Fraud
Did You Lose Money Because of Eugene Smietana?
Filed: November 2, 2023
Gene Smietana (also known as Eugene Smietana and Geno Smietana) currently has four (4) pending judgment/lien events. Overall, Smietana has been the subject of one (1) regulatory event, one (1) termination event, and four (4) judgment/lien events, and four (4) customer complaints. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on Eugene Theodore Smietana.
Who Is Eugene Theodore Smietana?
- Advisor Name: Eugene Theodore Smietana
- Aliases: Gene Smietana, Geno Smietana
- CRD: 3160947
- Location: Traverse City, Michigan
- Current Employer: No Longer Allowed to Practice in the Securities Industry
- Previous Firms: LPL Financial LLC and Prudential Securities Incorporated
- Number of Known Customer Complaints: 4
- Number of Known Regulatory Events: 1
- Number of Known Termination Events: 1
- Number of Known Judgment/Lien Events: 4
- Can Eugene Smietana Be Sued: Yes, in Private Arbitration
- Can Eugene Smietana’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $300,000
- Highest Settlement: $120,000
If you have suffered investment losses by Eugene Smietana, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining an investment fraud lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against Gene Smietana For Broker Misconduct
As of this publication date, Eugene Smietana has been the subject of 1 regulatory event, 1 termination event, 4 judgment/lien events, and 4 customer disputes. Let’s review them below.
In October 2015, a complaint was filed against or in reference to Eugene Smietana by a customer of LPL Financial LLC alleging unsuitable and excessive trading in equities in 2005 through 2015. Per the customer, he/she lost over $237,000 because of Smietana’s actions. On December 7, 2015, Smietana settled the claim for $87,750, and some or all of this amount may have been paid by Smietana’s employer and/or insurance carrier.
In September 2015, FINRA initiated a regulatory action against or in reference to Eugene Smietana for failing to respond to FINRA request for information.
In August 2015, a complaint was filed against or in reference to Eugene Smietana by multiple customers of LPL Financial LLC alleging unsuitable investments and unauthorized trading. Per the customers, they lost over $300,000 because of Smietana’s actions. On December 7, 2015, Smietana settled the claim for $120,000, and some or all of this amount may have been paid by Smietana’s employer and/or insurance carrier.
In April 2015, a complaint was filed against or in reference to Eugene Smietana by a customer of LPL Financial LLC alleging unsuitable investments and excessive trading. Per the customers, they lost over $200,000 because of Smietana’s actions. On August 14, 2015, Smietana settled the claim for $74,500, and some or all of this amount may have been paid by Smietana’s employer and/or insurance carrier.
In January 2015, LPL Financial LLC terminated Eugene Smietana for discretionary trading in a brokerage account in violation of firm policy.
In April 2014, Eugene Smietana was the subject of a civil judgment or lien in the amount of $5,498. In general, judgment liens are court rulings that give a creditor the right to take possession of a debtor’s property when the debtor has failed to fulfill his or her contractual obligations. Sometimes, these types of disclosures reflect IRS judgments, tax liens, and/or civil judgments against a financial advisor.
In January 2014, Eugene Smietana was the subject of a civil judgment or lien in the amount of $725. In general, judgment liens are court rulings that give a creditor the right to take possession of a debtor’s property when the debtor has failed to fulfill his or her contractual obligations. Sometimes, these types of disclosures reflect IRS judgments, tax liens, and/or civil judgments against a financial advisor.
In August 2012, Eugene Smietana was the subject of a civil judgment or lien in the amount of $21,888. In general, judgment liens are court rulings that give a creditor the right to take possession of a debtor’s property when the debtor has failed to fulfill his or her contractual obligations. Sometimes, these types of disclosures reflect IRS judgments, tax liens, and/or civil judgments against a financial advisor.
In December 2010, Eugene Smietana was the subject of a civil judgment or lien in the amount of $20,809.11. In general, judgment liens are court rulings that give a creditor the right to take possession of a debtor’s property when the debtor has failed to fulfill his or her contractual obligations. Sometimes, these types of disclosures reflect IRS judgments, tax liens, and/or civil judgments against a financial advisor.
In February 2003, a complaint was filed against or in reference to Eugene Smietana by a customer of Prudential Securities, Inc. alleging that Smietana failed to sell out of the money manager portfolio despite request to do so.
How To File A Claim Against Gene Smietana (previously with LPL Financial LLC and Prudential Securities Incorporated) To Get Your Money Back.
If you have questions about Eugene Smietana, LPL Financial LLC, Prudential Securities Incorporated, or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll-free at 1-800-950-6553.