Henry S. Veit (also known as Hank Veit) of Manlius New York a stockbroker formerly employed by Western International Securities Inc. is the subject of a customer initiated investment related arbitration claim in which the customer requested $225,000.00 in damages founded on accusations of suitability and breach of fiduciary duty pertaining to the customer’s municipal debt holdings. Financial Industry Regulatory Authority (FINRA) Arbitration No. 18-00996 (Mar. 26, 2018).
FINRA Public Disclosure additionally reveals that a customer initiated investment related arbitration claim involving Veit’s conduct was settled for $263,358.00 in damages based upon allegations that Veit, inter alia, was liable for churning the customer’s investment account, effecting transactions on an excessive basis, and making misrepresentations to the customer regarding municipal debt products during the time that Veit was registered with Flagship Securities Inc. National Association of Securities Dealers (NASD) Arbitration No. 96-05783.
Veit’s registration with Western International Securities was terminated on November 9, 2016. Since December 21, 2016, Veit has been employed by IBN Financial Services, Inc.
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