Tonya Smoake Discloses Allegations Of Private Securities Transactions

Soreide Law Group is investigating possible investor claims against Tonya Smoake (also known as Tonya Nicole Smoake) (CRD: 4985049, New York, New York). Evidently, FINRA sanctioned the securities broker, who worked for Purshe Kaplan Sterling Investments. Allegedly, Smoake engaged in private securities transactions. Here is a brief summary of FINRA’s allegations against Smoake.

Tonya Smoake Sanctioned By FINRA For Private Securities Transactions

Notably, FINRA issued Case: 2019062886902 on March 16, 2021 sanctioning Tonya Smoake for infractions. Allegedly, Smoake engaged in private securities transactions. Therefore, Smoake received a 12-month suspension and a fine of $5,000.

Particularly, FINRA says that Smoake involved herself in private transactions that involved nearly $1.6 million in sales. Supposedly, Smoake did not tell Purshe Kaplan Sterling Investments about this. Notably, the regulator states that she facilitated investments in an RIA (registered investment advisor) and the RIA holding company. Those companies raised capital through Regulation D securities offerings.

Also, FINRA says that Smoake sent offering documents to investors, received documents from them, handled investor payments, and responded to inquiries regarding the offering. Additionally, Smoake reportedly told Purshe Kaplan Sterling Investments via compliance questionnaires that she did not involve herself in private transactions that were not previously disclosed.

Smoake Employment Information

• Smoake worked for Bhargava Capital in Franklin Lakes, NJ, as a securities broker from May 2019 to September 2020.
• Smoake worked for Purshe Kaplan Sterling Investments in New York, NY, as a securities broker from March 2017 to May 2019.

Did Purshe Kaplan Sterling Investments Securities Broker Tonya Smoake Cause You To Experience Damages?

Have you experienced damages because of Tonya Smoake? You should contact Soreide Law Group at (888) 760-6552 and speak with a securities lawyer about a possible recovery of your investment losses. Soreide Law Group, who has helped recover money for hundreds of investors across the country, represents investors like you on a contingency fee basis and advances all costs. Smoake and brokerage firms Smoake worked for deny any and all allegations of sales practice violations.