{"id":4440,"date":"2007-06-04T01:04:47","date_gmt":"2007-06-04T01:04:47","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2007\/06\/order_to_bar_former_bancshareh"},"modified":"2021-09-20T15:41:30","modified_gmt":"2021-09-20T20:41:30","slug":"order-to-bar-former-bancshareh","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/order-to-bar-former-bancshareh\/","title":{"rendered":"Order Banning Former Head of Bancshareholders of America from the Securities Industry Affirmed by the SEC"},"content":{"rendered":"

\t\t\t\tThe order by an administrative law judge barring Bradley T. Smith, the former president of Bancshareholders of America Inc., from the investment adviser and broker-dealer industries has been affirmed by the SEC. <\/p>\n

Since 2005, Smith has been under a federal court injunction related to private security offerings made by five of his companies. The injunction was imposed by the U.S. District Court for the Southern District of Ohio in connection to a case where the SEC has accused Smith of making false representations to investors regarding his use of offering proceeds to pay for personal and business expenses. <\/p>\n

The court had also fined him $120,000 and held Smith severally and jointly liable with Scioto National Bank and Continental Midwest Financial Incorporated-there are aggregate disgorgement and prejudgment interests of more than $2 million. The ALJ judge then barred Smith from the industries in 2006.<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

The order by an administrative law judge barring Bradley T. Smith, the former president of Bancshareholders of America Inc., from the investment adviser and broker-dealer industries has been affirmed by the SEC. Since 2005, Smith has been under a federal court injunction related to private security offerings made by five of his companies. The injunction […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3760],"tags":[],"class_list":["post-4440","post","type-post","status-publish","format-standard","hentry","category-sec-enforcement"],"yoast_head":"\nOrder Banning Former Head of Bancshareholders of America from the Securities Industry Affirmed by the SEC — Investor Lawyers Blog — June 4, 2007<\/title>\n<meta name=\"description\" content=\"The order by an administrative law judge barring Bradley T. 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