Arkansas

Arkansas Securities Commissioner J. Campbell McLaurin entered consent order number S-22-0017-OR01 in the Matter of Sentinel Advisors LLC (CRD# 291606) and Adam Curry Smith (CRD# 4542903) on September 9, 2022, based upon Adam Smith's failure to promptly amend his Form U4, or Sentinel's Form ADV Parts 1, 2A, or 2B, to disclose felonies and felony arrests. Smith filed incomplete renewal applications and failed to update applications and forms and, as a result, violated the Arkansas Securities Act, Ark. Code Ann. §§ 23-42-302(a)(1) and (c)(3) and (4), and Ark. Code Ann. § 23-42-308(a)(2)(G), and Rules 302.02(b)(3)(A) and (c)(3) and 308.02(v) and (aa) of the Rules of the Arkansas Securities Commissioner.

Consent

Bar (Temporary/Time Limited)

All Capacities

Five Years

9/9/2022

9/9/2027

Civil and Administrative Penalty(ies)/Fine(s)

$5,000.00

If Smith reapplies with the Arkansas Securities Department after the five years, Smith agrees that he must affiliate with a broker-dealer or investment adviser firm that will provide him with direct supervision by a supervisor other than himself prior to any reapplication with the Arkansas Securities Department.

Stalking

Deferred Adjudication

Violation of Non Contact Order

Deferred Adjudication

Stalking

Deferred Adjudication

Aggravated Assault

Deferred Adjudication

FINRA

Without admitting or denying the findings, Smith consented to the sanctions and to the entry of findings that he accepted gifts totaling $105,000 from two customers in contravention of his member firm's prohibition against its employees accepting gifts in the form of checks or cash from customers. The findings stated that Smith also denied having received any gifts from clients in response to an inquiry from the firm.

Acceptance, Waiver & Consent(AWC)

Civil and Administrative Penalty(ies)/Fine(s)

$10,000.00

Suspension

any capacity

one year

3/20/2017

3/19/2018

Arkansas Securities Department

Smith accepted monetary gifts in the amount of $105,000 from his client and a client of his employer in violation of his employer's compliance policy. Smith was not acting for the benefit of his client when he accepted the monetary gifts. Smith was not completely forthcoming in discussions with his employer or with the Arkansas Securities Department regarding this matter.

Consent

Civil and Administrative Penalty(ies)/Fine(s)

$20,000.00

Suspension

All Capacities

1 year

6/21/2016

6/21/2017

Merrill Lynch, Pierce, Fenner & Smith Incorporated

Discharged

Allegations that the registered representative had knowledge of a family member receiving gifts from a client.