Tuan Phan, of New York, New York, a stockbroker registered with National Securities Corp, is the subject of a customer initiated investment related arbitration claim, which settled on June 30, 2016, for $19,000.00 in damages supported by allegations of negligence in the handling of the customer’s investment account as well as misrepresentation and the breach of fiduciary duties in reference to the customer’s over-the-counter equity transactions.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Phan has been subject of three additional customer initiated investment related disputes pertaining to allegations of his wrongdoing while he was associated with National Securities Corporation. Specifically, on August 5, 2011, a customer filed an investment related written complaint involving Phan’s conduct, wherein the customer requested $17,528.01 in damages founded on allegations that Phan made unsuitable investment recommendations to the customer concerning corporate debt investments.
Then, on April 1, 2013, a customer filed an investment related written complaint regarding Phan’s activities, in which the customer sought $153,000.00 in damages based upon allegations of excessive trading in the customer’s over-the-counter equities account. Moreover, on May 2, 2014, a customer filed an investment related written complaint involving Phan’s conduct, where the customer requested $174,000.00 in damages grounded on accusations against Phan of making investment recommendations that were not suitable and effecting stock trades that the customer never authorized.
Guiliano Law Group
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