Advisor Alert: Our Attorneys Are Investigating Wayne Barry Smith For Investment Fraud
Did You Lose Money Because of Wayne Smith?
Filed: November 15, 2023
Wayne Smith has been the subject of two (2) 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 Wayne Barry Smith.
Who Is Wayne Barry Smith of Cetera Advisors LLC?
- Advisor Name: Wayne Barry Smith
- Aliases: Wayne B. Smith
- CRD: 1016825
- Location: Omaha, Nebraska
- Current Employer: Cetera Advisors LLC
- Previous Firms: QA3 Financial Corp., A.G. Edwards & Sons, Inc., and Dain Bosworth Incorporated
- Number of Known Customer Complaints: 2
- Can Wayne Smith Be Sued: Yes, in Private Arbitration
- Can Wayne Smith’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $25,000
- Highest Settlement: $4,900
If you have suffered investment losses by Wayne Smith, 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 Wayne Smith For Broker Misconduct
As of this publication date, Wayne Smith has been the subject of 2 customer disputes. Let’s review them below.
In December 2020, a FINRA arbitration was filed against or in reference to Wayne Smith by multiple customers of Cetera Advisors LLC alleging that Mr. Smith misrepresented and recommended unsuitable investments. Per the customers, they lost over $25,000 because of Mr. Smith’s actions. On April 29, 2022, Mr. Smith settled the claim for $4,900, and some or all of this amount may have been paid by Mr. Smith’s employer and/or insurance carrier.
In July 2010, a complaint was filed against or in reference to Wayne Smith by a customer of QA3 Financial alleging that Mr. Smith brokered $50,000 of Nebraska Edu Facilities Dana College Bonds to clients in September of 2005. The client alleges bonds were sold to them without full disclosure. Per the customers, they lost over $5,000 because of Mr. Smith’s actions.
How To File A Claim Against Wayne Smith of Cetera Advisors LLC (previously with QA3 Financial Corp., A.G. Edwards & Sons, Inc., and Dain Bosworth Incorporated) To Get Your Money Back.
If you have questions about Wayne Smith, Cetera Advisors LLC, QA3 Financial Corp., A.G. Edwards & Sons, Inc., Dain Bosworth 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.