Hagop Jack Nalbandian of Encino, California, a stockbroker registered with Western International Securities Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $108,500.00 in damages based upon allegations that Nalbandian made unsuitable recommendations of real estate investment trusts when Nalbandian was associated with Western International Securities Inc. Financial Industry Regulatory Authority (FINRA) Arbitration No. 21-02861 (December 23, 2022).
FINRA Public Disclosure shows that Nalbandian is referenced in four other customer initiated investment related disputes concerning Nalbandian’s conduct while associated with securities broker dealers. On April 17, 2008, a customer initiated investment related complaint involving Nalbandian’s conduct was settled for $16,250.00 in damages based upon allegations that Nalbandian committed forgery to initiate a withdrawal from the customer’s account during the time that Nalbandian was associated with Linsco Private Ledger Corp.
On April 17, 2008, a customer initiated investment related complaint involving Nalbandian’s conduct was settled for $16,250.00 in damages based upon allegations that Nalbandian made unsuitable recommendations of mutual funds during the period that Nalbandian was associated with Linsco Private Ledger Corp.
Nalbandian was also referenced in a customer initiated investment related complaint that was settled on August 28, 2015, for $20,000.00 in damages based upon allegations that real estate investment trusts were not purchased according to the customer’s directives during the time that Nalbandian was associated with Western International Securities Inc.
On December 23, 2022, another customer filed an investment related FINRA securities arbitration claim involving Nalbandian’s conduct in which the customer requested compensation based upon allegations that Nalbandian made unsuitable recommendations and was negligent in connection with the sale of corporate debt products at Western International Securities Inc. FINRA Arbitration No. 22-02851.
Nalbandian has been registered with Western International Securities Inc. as a stockbroker since May 27, 2008.
