Stephen Smith: Regions Advisor Faces $200K Complaint

Fort Myers, Florida financial advisor Stephen Smith (CRD# 2632131) recently received an investor complaint alleging that his conduct resulted in six-figure damages. Financial Industry Regulatory Authority records show that he is registered as a broker and an investment advisor with Cetera Investment Services and Cetera Investment Advisers, respectively, doing business as Regions Bank.

Mr. Smith’s BrokerCheck report discloses one investor complaint. Filed in July 2024, it alleges that as a representative of Cetera Investment Services, he recommended unsuitable fixed annuity and equity-indexed annuity products. The pending complaint alleges damages of $200,000.

Regions Investment Solutions’ website includes a profile of Mr. Smith that describes his approach to working with his clients. “When it comes to your financial future, you need a trusted partner,” it explains. “Stephen will focus on solutions for your immediate needs and help you develop a comprehensive strategy to meet your long-term financial goals. From financial planning to preparing for retirement, [he] is committed to helping make your journey toward financial success as easy as possible.”

According to the Financial Industry Regulatory Authority, Stephen Smith holds 26 years of securities industry experience. Based in Fort Myers, Florida, registered as a broker and an investment advisor with Cetera Investment Services and Cetera Investment Advisers, respectively, since 2017, doing business as Regions Bank. His past registrations include BBVA Securities, AllState Financial Solutions, Cetera Investment Solutions, BB&T Investment Services, Raymond James Financial Services, and Prudential Securities. His credentials include the passage of four securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Investment Adviser Law Examination, or Series 65. He is licensed in Alabama, Florida, Georgia, Illinois, Kentucky, North Carolina, Ohio, Tennessee, Texas, and Wisconsin. (Information current as of September 28, 2024.)

Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.