Former Financial Advisor Emily J. Smith Suspended by FINRA for Falsifying Documents

Emily Jean Smith (CRD#: 6287728) was a previously registered broker and investment advisor.


Broker’s Background

She entered the securities industry in 2014 and previously worked with Morgan Stanley, and Raymond James Financial Services, Inc.


Allegations of Misconduct

According to publicly available records released by the Financial Industry Regulatory Authority (FINRA), in March of 2023, without admitting or denying the findings, Emily J. Smith consented to the sanctions and to the entry of findings that she falsified documents by reusing customer signature pages and altering customer-signed documents causing her member firm to maintain inaccurate books and records. The findings stated that Between April and December 2022, Smith reused customer signature pages on seven firm documents—four customer agreements, two transfer forms, and a rollover election form—on behalf of six customers. In addition, between January and November 2022, Smith altered 18 documents, including account applications and transfer forms, by adding information such as account numbers, dates, and policy names to the documents after they were signed by nine customers. By reusing customer signature pages and altering customer-signed documents, Smith violated FINRA Rule 2010. In addition, by causing the firm to maintain inaccurate books and records, Smith violated FINRA Rules 4511 and 2010. Respondent also consents to the imposition of the following sanctions:

  • A four-month suspension from associating with any FINRA member in all capacities and
  • A $5,000 fine.


For a copy of Emily J. Smith’s Letter of Acceptance, Waiver, and Consent, click here.


In addition, Emily J. Smith has been the subject of two other disclosures which include the following:

  • June 2023—Employment Separation After Allegations, “Individual alleged to have engaged in conduct that was inconsistent with the firm’s document integrity policies.” Raymond James Financial Services, Inc. discharged Emily J. Smith.
  • July 2019— Employment Separation After Allegations, “Allegations regarding the representative’s making alterations and additions to client documents. The firm did not identify any client harm or determine that the alterations were inconsistent with the client’s wishes.” Emily J. Smith voluntarily resigned from Morgan Stanley.


For a copy of Emily J. Smith’s FINRA BrokerCheck, click here.


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Attorney Matthew Wolper

Attorney Matthew WolperMatt Wolper is a trial lawyer who focuses exclusively on securities litigation and arbitration. Mr. Wolper has handled hundreds of securities matters nationwide before the Financial Industry Regulatory Authority (FINRA), American Arbitration Association (“AAA”), JAMS, and in state and federal court. Mr. Wolper has handled and tried cases involving complex financial products and strategies ranging from traditional stocks and bonds to options, margin and other securities-based lending products, closed/open-end mutual funds, structured products, hedge funds, and penny stocks. [Attorney Bio]