Tag Archives: National Securities Corporation

Investors File Arbitration Claim Against National Securities Corp

November 08, 2021  |   Posted by :   |   Alternative Investments, Boilerroom Sales, Breach of Fiduciary Duty, Direct Participation Programs, FINRA Securities Arbitration, Investment and Regulatory News, Non-traded REITs   |   Comments Off on Investors File Arbitration Claim Against National Securities Corp

Mark Sam Kolta of New York New York a stockbroker formerly registered with National Securities Corporation is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought compensatory damages based on accusations of them being placed into unsuitable real estate security products by Kolta when he was employed by National […]

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National Securities Corporation Stockbroker Accused Of Misrepresentation

October 08, 2021  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News   |   Comments Off on National Securities Corporation Stockbroker Accused Of Misrepresentation

Carter David Mansbach of New York New York a stockbroker currently registered with National Securities Corporation is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer sought $300,000.00 in damages supported by allegations of Mansbach’s unsuitable over-the-counter equities transactions while he was associated with National Securities Corp. Financial Industry […]

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National Securities Corp Sanctioned For Customer Complaints

December 01, 2020  |   Posted by :   |   Boilerroom Sales, Failure To Supervise, Securities Arbitration Claims   |   Comments Off on National Securities Corp Sanctioned For Customer Complaints

National Securities Corporation a securities broker dealer headquartered in Boca Raton Florida has been censured and fined $125,000.00 by Financial Industry Regulatory Authority (FINRA) based upon findings that it did not timely report customer complaints and failed to supervise contingency offerings. Letter of Acceptance Waiver and Consent No. 2017053208002 (Oct. 27, 2020). According to the AWC, […]

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National Securities Corp Sued For Misrepresentation

September 14, 2020  |   Posted by :   |   Securities Arbitration Claims, Unsuitable Investment Recommendations   |   Comments Off on National Securities Corp Sued For Misrepresentation

Rick Alan Davidson of New York New York a stockbroker formerly registered with Jeffries LLC and National Securities Corp is referenced in a customer initiated investment related arbitration claim in which the customer requested $500,000.00 in damages supported by allegations that misrepresentations were made by the stockbroker and that equities transactions were unsuitable for the […]

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Investors Sue National Securities Corp For Fraud

September 14, 2020  |   Posted by :   |   Breach of Fiduciary Duty, Securities Arbitration Claims, Securities Fraud   |   Comments Off on Investors Sue National Securities Corp For Fraud

Geoffrey Garratt of New York New York a stockbroker formerly employed by National Securities Corp is the subject of a customer initiated investment related arbitration claim where the customer was awarded $58,573.10 in damages based on Garratt being found liable on the customer’s causes of action including fraud and the breach of a fiduciary duty […]

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National Securities Corp Sued For Private Placement Fraud

June 03, 2020  |   Posted by :   |   Direct Participation Programs, Private Placement Fraud, Securities Arbitration Claims, Securities Fraud   |   Comments Off on National Securities Corp Sued For Private Placement Fraud

Shane Rene Falcon of Miami Florida a stockbroker currently registered with National Securities Corp is the subject of a customer initiated investment related arbitration claim in which the customer requested $300,000.00 in damages based upon allegations that the customer had been placed into a private placement which was not suitable for the customer when Falcon […]

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National Securities Sued Unsuitable Investment Advice

April 18, 2020  |   Posted by :   |   Boilerroom Sales, Investment and Regulatory News, Non-traded REITs, Securities Arbitration Claims, Unsuitable Investment Recommendations   |   Comments Off on National Securities Sued Unsuitable Investment Advice

Michael Fasciglione of Mineola New York a stockbroker formerly registered with National Securities Corp is the subject of a customer initiated investment related written complaint on January 15, 2020 in which the customer requested $123,000.00 in damages based upon allegations that the customer had been placed into a unsuitable real estate investments by Fasciglione during […]

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Investors Sue National Securities Corp For Negligence

Rushdi M. Zalatimo of Jersey City New Jersey a stockbroker currently employed by National Securities Corp has been identified in a customer initiated investment related arbitration claim where the customer sought $200,000.00 in damages founded on accusations that (1) unauthorized trades were effected in the customer’s account and (2) a fiduciary duty that was owed […]

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FINRA Bars National Securities Corp Stockbroker

Vincent James Mazza of Jersey City New Jersey a stockbroker employed by National Securities Corporation has been barred by Financial Industry Regulatory Authority (FINRA) from associating with any member in any capacity founded on accusations of the stockbroker’s failure to comply with the regulator’s request for information. Case No. 2018060932001 (Oct. 28, 2019). FINRA Public […]

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National Securities Accused Of Unauthorized Trading

January 10, 2020  |   Posted by :   |   Investment and Regulatory News, Unauthorized Trading   |   0 Comments

Rodrigue Lors (also known as Rodrique Lors) of Westbury New York a stockbroker formerly employed by National Securities Corporation is referenced in a customer initiated investment related complaint on March 26, 2018 where the customer sought $10,000.00 in damages supported by accusations that unauthorized stock trades were executed in the customer’s investment account during the […]

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National Securities Sued For Breach Of Contract

Marshall Owen Isaacson of Boca Raton Florida a stockbroker formerly registered with National Securities Corporation and Newbridge Securities Corporation is the subject of a customer initiated investment related arbitration claim where the customer requested unspecified damages based upon accusations that (1) contractual obligations had not been complied with by the stockbroker (2) fiduciary duties were […]

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First Standard Sued By Investors For Excessive Trading

Debra Collura Bourne (also known as Debra Ann Bourne and as Debra Anne Bourne) a stockbroker formerly registered with First Standard Financial is referenced in a customer initiated investment related arbitration claim where the customer sought $2,000,000.00 in damages founded on accusations that (1) trades were executed by the stockbroker in an excessive manner during […]

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National Securities Corp Sued For Misrepresentation

John Joseph Labarca of Edison New Jersey a stockbroker formerly registered with National Securities Corporation is the subject of a customer initiated investment related arbitration claim in which the customer requested $80,000.00 in damages supported by allegations that (1) misrepresentations had been made about investments (2) the customer’s account was handled in a negligent manner […]

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National Securities Corp Sued For Breach Of Fiduciary Duty

James J. Mariani of Mineola New York a stockbroker formerly registered with National Securities Corporation is the subject of a customer initiated investment related arbitration claim where the customer sought $467,000.00 in damages supported by accusations that (1) fiduciary duties failed to be complied with and (2) real estate security transactions executed in the customer’s […]

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Investors Sue National Securities Corp For Fraud

Todd Joseph Henrich of Iselin New Jersey a stockbroker formerly employed by National Securities Corporation is the subject of a customer initiated investment related arbitration claim where the customer was awarded $14,441.79 in compensatory damages based upon Henrich being found liable on the customer’s claims of (1) misrepresentations concerning the terms or risks of investments […]

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NSC Terminates Stockbroker For Providing Bad Investment Advice

John Kirkland Moy of Boca Raton Florida a stockbroker formerly employed by National Securities Corporation has been terminated from the securities broker dealer on April 5, 2019 based upon allegations of Moy giving bad advice to customers concerning the liquidation of their accounts. This is not the first time that Moy has been terminated from […]

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National Securities Corp Sued For Breach Of Fiduciary Duty

Michael Patrick McMahon of Garden City New York a stockbroker formerly registered with National Securities Corporation is referenced in a customer initiated investment related arbitration claim in which the customer requested $280,000.00 in damages founded on accusations that (1) improper or misleading statements had been made concerning investments (2) the customer’s account was handled in […]

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Investors Sue National Securities Corp For Bad Investment Advice

William Francis Gillis of Seattle Washington a stockbroker formerly registered with National Securities Corporation is referenced in a customer initiated investment related arbitration claim which settled for $514,600.00 in damages based upon accusations that Gillis gave the customer bad investment recommendations particularly concerning the common or preferred stocks held in the customer’s account while Gillis […]

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New Jersey Nails National Securities Stockbroker For Stockbroker Theft and Elder Abuse

Michael Alan Siegel of Edison New Jersey a stockbroker formerly registered with National Securities Corporation is the subject of a Summary Penalty and Revocation Order in which Siegel has been fined $100,000.00 and his stockbroker registration in the State of New Jersey was revoked based upon the New Jersey Bureau of Securities Bureau Chief’s findings […]

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Investors Sues UBS Financial Services For Stockbroker Theft

Michael Roy Blueweiss of Melville New York a stockbroker formerly registered with UBS Financial Services Inc. is the subject of a customer initiated investment related arbitration claim where the customer sought $600,000.00 in damages based upon accusations that between 2014 and 2017: (1) the customer’s funds had been stolen or otherwise misappropriated by Blueweiss (2) […]

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National Securities Corporation Sued For Negligence

Matthew Fleissner of New York New York a stockbroker formerly employed by National Securities Corporation is referenced in a customer initiated investment related arbitration claim in which the customer sought $300,000.00 in damages based upon allegations that (1) there was a breach of the customer’s contract (2) the account was negligently administered (3) fiduciary duties […]

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National Securities Corp Sued By Investor For Negligence

Marc Anthony Arena of Westbury Connecticut a stockbroker formerly employed by National Securities Corporation is referenced in a customer initiated investment related arbitration claim which was settled for $400,000.00 in damages supported by allegations that (1) Arena breached his contractual obligations to the customer (2) Arena negligently transacted in the customer’s account (3) Arena breached […]

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National Securities Stockbroker Admits To Unauthorized Trading

James Bryant Eichner Jr. of New York New York a stockstockbroker formerly registered with National Securities Corporation has been fined $10,000.00 and suspended for forty-five days from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Eichner executed unauthorized trades in a customer’s account. Letter of […]

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National Securities Corp Sued For Investment Fraud

Richard Anthony Cavileer of Edison New Jersey a stockbroker formerly employed by National Securities Corporation is the subject of a customer initiated investment related arbitration claim where the customer sought $438,190.00 in damages founded on allegations that (1) misrepresentations had been made to the customer concerning the terms and conditions of over-the-counter equities investment purchased […]

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National Securities Sued For Breach Of Fiduciary Duty

Michael Fasciglione of Mineola New York a stockbroker formerly employed by National Securities Corporation is referenced in a customer initiated investment related arbitration claim which was settled for $467,000.00 in damages supported by allegations that (1) fiduciary duties owed to the customer had been breached and (2) real estate security transactions effected in the customer’s […]

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National Securities Morin Blamed For Unauthorized Trading

January 03, 2019  |   Posted by :   |   Investment and Regulatory News, Unauthorized Trading   |   0 Comments

Jon Morin of New York New York a stockbroker formerly registered with National Securities Corporation is the subject of a customer initiated investment related written complaint on February 21, 2017 where the customer requested $15,000.00 in damages based upon accusations that unauthorized over-the-counter equities trades were executed in the customer’s equity account. Financial Industry Regulatory […]

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National Securities Corp Stockbroker Barred For Conversion

Kyle Patrick Harrington of San Diego California a stockbroker formerly employed by National Securities Corporation has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon a FINRA Extended Hearing Panel’s findings that (1) Harrington converted a customer’s funds (2) Harrington tried to hide that he stole funds […]

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Investors Sue Laidlaw For Private Placement Fraud

Kevin Richard Wilson of New York New York a stockbroker formerly employed by Laidlaw & Company (UK) Ltd. is referenced in a customer initiated investment related arbitration claim where the customer sought $2,000,000.00 in damages supported by accusations that between 2010 and 2017, private placements sold to the customer were not appropriate. Financial Industry Regulatory […]

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FINRA Investigates National Securities Broker For Violations

October 04, 2018  |   Posted by :   |   Investment and Regulatory News   |   0 Comments

Donald George Padilla of Alhambra California a stockbroker formerly employed by National Securities Corporation is the subject of a Financial Industry Regulatory Authority (FINRA) investigation concerning possible violations of FINRA Rule 2010, 8210 and 4511 and National Association of Securities Dealers (NASD) Rule 3110. FINRA Public Disclosure reveals that Padilla has been terminated from two […]

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Investors Sue National Securities Corporation For Churning

Kirt Samuel of New York New York a stockbroker formerly employed by National Securities Corporation is the subject of a customer initiated investment related arbitration claim in which the customer requested $5,750,000.00 in damages supported by allegations that (1) unauthorized trades were executed in the customer’s account (2) the customer’s over-the-counter equities portfolio was churned […]

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