Category Archives: Financial Telesis

FINRA Sanctions Financial Telesis Broker Michael R. Smith

11/4/2014- Michael R. Smith submitted a Letter of Acceptance, Waiver and Consent to FINRA, in which he did not admit or deny FINRA’s  findings.

FINRA alleged that from 2007 through 2012, five federal tax liens were filed against Smith and that Smith failed to report the liens on regulatory forms as required by NASD and FINRA rules. The IRS tax liens were in the amounts ranging from $23,887 to $240,000.

Smith consented to a three month suspension and a $5,000 fine.

FINRA records indicate that Smith was registered with the following firms:

  • Financial Telesis Inc                        9/2011-8/2014
  • Signator Investors                            1/1995-9/2011

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