**Haselkorn & Thibaut Opens Investigation Into Dustin Allen Smith (Citizens Securities, Inc.) – Naples, FL**
Haselkorn & Thibaut, a national law firm focused on helping investors recover their losses, is actively investigating **Dustin Allen Smith**, a financial advisor currently with **Citizens Securities, Inc.** in Naples, Florida. If you worked with Dustin Allen Smith—especially during his previous tenure at **RBC Capital Markets, LLC** or **UBS Financial Services Inc.**—you may have important rights and recovery options if you have experienced unexpected portfolio losses or investment recommendations that did not meet your needs.
**Haselkorn & Thibaut (investmentfraudlawyers.com)** brings more than 50 years of combined experience helping investors nationwide, with a **98% success rate** and millions recovered for clients, always on a contingency-fee basis—**no recovery, no fee**. If you have questions or concerns about your investments with Dustin Smith, you can reach the firm for a complimentary consultation at **1-888-885-7162**.
## **Who Is Dustin Allen Smith (CRD #2803156)?**
– **Current Employer:** Citizens Securities, Inc.
– **Previous Firms:** RBC Capital Markets, LLC; UBS Financial Services Inc.; Citizens Private Wealth
– **Registered as:** Stockbroker / Financial Advisor
– **Location:** Naples, FL
With an extensive career in financial services, **Dustin Allen Smith** has served in advisory roles at some of the industry’s prominent broker-dealers.
## **Recent Allegations and Investigations**
### **Pending Customer Dispute (Filed December 2025)**
A significant customer arbitration is currently pending with the Financial Industry Regulatory Authority (**FINRA**) involving **Dustin Allen Smith** from his tenure at **RBC Capital Markets, LLC**:
– **Nature of Dispute:** The claimant alleges that the entirety of their retirement assets was invested in **illiquid structured notes**. This investment strategy exposed the client’s retirement savings to elevated and potentially unsuitable risks.
– **Total Claimed Damages:** $2 million
– **Status:** Currently pending in FINRA arbitration
### **Potential Broker Misconduct Allegations**
The dispute centers around a few important compliance and risk management areas:
– **Unsuitability**: The claim includes concerns that investments recommended by Dustin Smith did not align with the client’s risk tolerance, time horizon, or investment objectives. This may implicate **FINRA Rule 2111 (Suitability)** and **SEC Regulation Best Interest (Reg BI)**, both of which require financial professionals to act in their clients’ best interests.
– **Structured Product Risks**: The complaint highlights the use of **structured notes**—complex investments with performance tied to an index, basket of securities, or other reference assets. These products, while sometimes offering principal protection features, can nonetheless be risky, illiquid, and difficult for many investors to fully understand.
### **Summary Table of Publicly Available Disclosures**
| Type of Disclosure | Dustin Allen Smith |
|---|---|
| Customer-Initiated Arbitration/Complaint | 1 pending FINRA arbitration alleging unsuitable investments in structured notes (filed December 2025) |
| Regulatory Actions (FINRA/State) | No reported regulatory actions or sanctions |
| SEC Actions / Litigation | No SEC administrative orders, cease & desist, or enforcement cases |
| Felony or Misdemeanor Disclosure | None reported |
| Public Lawsuits / Judgments | No lawsuits or judgments reported in major public dockets |
| Termination for Cause | None reported |
| Bankruptcy Filings | None reported |
**For more details on Smith’s current regulatory status, you may review his public profile on [FINRA BrokerCheck](https://brokercheck.finra.org/individual/summary/2803156).**
## **Understanding Key Risks: Structured Notes & Investment Suitability**
**Structured Notes** are prepackaged investments designed to offer tailored risk/reward profiles. However, they often carry risks related to:
– **Liquidity**: May not be easily sold before maturity.
– **Complex Structures**: Payouts may depend on complex formulas or multiple reference assets.
– **Principal Risk**: Some structured notes offer limited or no principal protection.
– **Suitability**: Tailoring such products to an investor’s requirements is crucial. An unsuitable recommendation can quickly turn into significant losses, especially for retirees or risk-averse investors.
If you have been sold illiquid or complex investments without a full explanation and genuine assessment of your needs, this may raise compliance concerns.
## **What Should Investors Do If Concerned?**
If you have experienced losses, felt that your retirement assets were concentrated in illiquid or risky products, or simply want a **second opinion about your investment portfolio**, you are not alone. **Haselkorn & Thibaut** can confidentially review your situation and advise on potential recovery options:
- They offer a free case evaluation—no risk, no obligation.
- Representation is provided on a contingency fee basis: no recovery, no fee paid.
- Their attorneys have decades of experience handling securities and investment fraud matters nationwide.
## **How Does the FINRA Arbitration Process Work?**
Most disputes involving unsuitable investments, overconcentration, or broker misconduct are resolved through **FINRA arbitration**—a streamlined, cost-effective dispute resolution option for investors. This process:
– Is separate from the courts and designed specifically for disputes between brokers, broker-dealers, and their customers.
– Often results in recoveries without the need for a lengthy court trial.
– Is available nationwide and typically completed within 12 to 18 months.
## **Key Takeaways for Investors Working With Dustin Allen Smith – Citizens Securities, Inc.**
– **Dustin Allen Smith** currently has one pending arbitration involving allegations of unsuitable recommendations and overconcentration in structured notes.
– No finalized disciplinary actions, regulatory sanctions, or known legal judgments have been reported as of this writing.
– **Investors should always confirm an advisor’s current disclosure status and past history** before making or retaining investment relationships.
## **Contact Haselkorn & Thibaut for a Free Consultation**
**If you believe you have sustained investment losses while working with Dustin Allen Smith—whether through Citizens Securities, Inc., RBC Capital Markets, or UBS Financial Services Inc.—it’s wise to get a professional, confidential review.** Haselkorn & Thibaut’s experienced investment fraud attorneys can help you understand your options and, when appropriate, pursue recovery through the FINRA process or other legal remedies.
**Take the next step—call Haselkorn & Thibaut at 1-888-885-7162 for your free and confidential investment loss consultation today!**
Remember: **There is no fee unless you recover, and there is no obligation or risk in reaching out.**
