Broker Investigation: Kevin Smith

Kevin P. Smith (CRD#: 1363302) is a former broker and registered investment advisor (RIA). From 2009 to 2016, Mr. Smith was employed as a broker at Morgan Stanley in Minneapolis, Minnesota. Previously, this individual was also associated with UBS Financial Services and Piper Jaffray.

In October of 2016, Morgan Stanley terminated broker Kevin Smith after allegations arose that he made unauthorized trades within a trust owned by a family member. Soon after receiving word of the discharge, FINRA launched its own investigation into the professional conduct of Mr. Smith.

Barred Financial Advisor: Former Morgan Stanley Broker Kevin Smith

On October 8th, 2018, the Financial Industry Regulatory Authority (FINRA) barred former Morgan Stanley broker Kevin P. Smith for his failure to cooperate with an official investigation into allegations of wrongdoing. FINRA requested on-the-record testimony from Mr. Smith in regards to the allegations that he executed trades without the proper authority on a family-related trust while employed at Morgan Stanley in Minneapolis, MN.

Under FINRA Rule 8210, brokers and financial advisors must cooperate with investigators, including providing relevant financial documents and offering on-the-record testimony when requested. If a broker knowingly refuses to cooperate with investigators, they will be suspended from the industry.

Without admitting or denying misconduct, Mr. Smith consented to the penalties.

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