David Smith Involved In Intervest International Equities Corp Clients’ Negligence Claims

Investors might have sustained losses through securities broker David Michael Smith Sr. [CRD: 850797, Vero Beach, Florida], according to publicly available information on FINRA BrokerCheck. Evidently, Smith worked for Intervest International Equities Corporation from September 28, 1995, to February 14, 2025, Intervest International Inc. from August 12, 2005, to March 19, 2025, and more recently with Ausdal Financial Partners Inc. beginning October 28, 2024. Keep reading to find out more about Smith’s disclosures and how they may have affected investors.

Intervest International Equities Corporation Investor Accused Smith Of Breach Of Fiduciary Duty

Evidently, on February 13, 2025, an Intervest International Equities Corporation client filed FINRA Arbitration No. 25-00175 about David Smith. Primarily, the client alleged that Smith was negligent, breached his fiduciary duty, failed to supervise, and gave unsuitable advice. Because of this, the investor allegedly sustained damages linked to GWG l bonds. For this reason, the client requested $3,870,000.00 in compensation from Intervest International Equities Corporation or Smith. Supposedly, this matter awaits a resolution.

David Smith Disclosed Negligence Allegations By Intervest International Equities Corp. Client

Specifically, a client of Intervest International Equities Corp. disputed David Smith’s sales practices by bringing FINRA Arbitration No. 24-02176. Allegedly, Smith breached his fiduciary duties, was negligent, failed to supervise, and breached a contract. As a result, Intervest International Equities Corp. agreed to settle the dispute on March 28, 2025, by paying compensation amounting to $40,000.00.

Intervest International Equities Corp. Investor Accused Smith Of Sales Practice Violations

Particularly, an Intervest International Equities Corp. client filed FINRA Arbitration No. 24-02177 about David Smith. Allegedly, Smith breached his fiduciary duty, was negligent, failed to supervise, and breached a contract relating to sales of GWG l bonds. Therefore, on March 28, 2025, Intervest International Equities Corp. settled this matter by paying the client $20,000.00 in damages.

David Smith Disclosed Breach Of Contract Allegations By Intervest International Equities Corp. Client

Additionally, a client of Intervest International Equities Corp. took aim at David Smith’s sales practices by filing FINRA Arbitration No. 24-02112. Allegedly, Smith was negligent, breached a contract, made unsuitable recommendations, violated industry rules, and breached his fiduciary duties relating to sales of GWG l bonds. For this reason, Intervest International Equities Corp. opted to settle the matter on January 28, 2025, by paying compensation totaling $21,000.00.

Intervest International Equities Corp. Investor Accused Smith Of Breach Of Negligent Supervision

Evidently, on October 5, 2024, an Intervest International Equities Corp. client filed FINRA Arbitration No. 24-01925 about David Smith. Evidently, the client claimed that Smith breached a contract, failed to supervise, and breached his fiduciary duty. Because of this, the client allegedly incurred damages linked to GWG l bonds. As a result, the client requested $1,107,868.00 in compensation from Intervest International Equities Corp. or Smith. Supposedly, this claim awaits a resolution.

Did You Sustain Losses Because Of Securities Broker / Financial Advisor David Smith?

Are you concerned regarding investments you made with David Smith? You can get in touch with Soreide Law Group online or at (888) 760-6552 and talk with a securities attorney about a possible recovery. Soreide Law Group has recovered losses for investors throughout the US. Also, the firm works on a contingency fee basis and advances all costs. Smith and brokerage firms Smith worked for deny accusations of sales practice violations.