Willard Louis Pugh, of Boca Raton, Florida, a stockbroker formerly registered with National Securities Corp, is identified in a customer initiated investment related FINRA arbitration claim which was settled for $60,000.00 in damages supported by allegations of an unsuitable private placement transaction by Pugh while he was associated with National Securities Corp. Financial Industry Regulatory Authority (FINRA) Arbitration No. 20-02020 (October 6, 2021).
FINRA Public Disclosure shows that Pugh has been identified in three more customer initiated investment related disputes concerning accusations of his harmful activities during the period that he was associated with Dawson James Securities Inc. and National Securities Corp. Pugh is the subject of a customer initiated investment related written complaint on January 20, 2021, where the customer sought $100,000.00 in damages based upon allegations of Pugh effecting unsuitable private placement transactions. FINRA Arbitration No. 21-00103.
On November 18, 2021, a different customer initiated investment related arbitration claim involving Pugh’s activities was resolved for $44,000.00 in damages founded on accusations of Pugh’s unsuitable recommendation of UDF V REIT during the time that he was employed by Dawson James Securities. FINRA Arbitration No. 20-02087. According to the claim, Dawson James Securities failed to reasonably perform due diligence prior to making investment recommendations. The claim alleges that the customer’s account had been overconcentrated in the real estate security.
On December 27, 2021, another customer filed an investment related arbitration claim regarding Pugh’s conduct in which the customer requested $100,001.00 in damages supported by allegations of Pugh selling an unsuitable real estate security transaction to the customer given the customer’s risk tolerance and investment objectives when Pugh was registered with Dawson James Securities. FINRA Arbitration No. 21-02688. The claim alleges that risks were not disclosed to the customer. Dawson James Securities is accused of failing to conduct due diligence on the investment.
Pugh has been registered with National Securities Corporation as a stockbroker since May 27, 2016, and National Asset Management Inc. as an investment adviser since June 15, 2016.
