Soreide Law Group is investigating possible investor claims against securities broker Tyrone Smiles [CRD: 4370937, Newark, New Jersey]. Notably, FINRA sanctioned the securities broker, who worked for Prudential Investment Management Services LLC. Allegedly, Smiles engaged in an undisclosed outside business activity. Here is a brief summary of FINRA’s allegations against Smiles.
Particularly, on November 23, 2021, FINRA issued Case: 2020065022801, which contains sanctions against Tyrone Smiles for infractions. Specifically, Smiles was barred as a securities broker. Mainly, FINRA alleged that Smiles engaged in undisclosed outside business activities and made inaccurate statements to FINRA during its investigation.
Namely, FINRA says that during the time that he was associated with Prudential Investment Management Services, Smiles engaged in outside business activities without first giving notice to or receiving written approval from his firm. Supposedly, from 2015 to 2020, Smiles operated an overseas vacation rental business.
Smiles purportedly referred firm clients to registered representatives at a Prudential-affiliated firm for the purpose of selling them annuities. As a result, Smiles violated FINRA Rules 2010 and 3270. Also, FINRA states that Smiles provided “false information” during the investigation, violating Rules 8210 and 2010.
Smiles worked for Prudential Investment Management Services LLC in Newark, NJ, as a securities broker from May of 2008 to December of 2019. The firm discharged him on November 21, 2019.
Have you experienced damages because of Tyrone Smiles? If so, contact Soreide Law Group at (888) 760-6552 and talk with a securities lawyer about a possible recovery of your investment losses or other damages. Soreide Law Group, who has successfully recovered money for hundreds of investors in all 50 states, represents clients on a contingency fee basis and advances all costs. Smiles and brokerage firms Smiles worked for deny accusations of sales practice violations.
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