National Securities Corporation
The law offices of Gana LLP represents investors that have disputes with their financial advisors or brokerage firms, such as National Securities Corporation. Many investors do not realize when their financial advisor engages in securities misconduct, but there are steps that can be taken to recover losses. The attorneys at Gana LLP can analyze your investments to determine if there was actionable misconduct by the broker or brokerage firm. There are many different types of securities related misconduct including breach of fiduciary duty, failure to supervise, false representations, and churning.
National Securities Corp is a brokerage firm that provides a full range of financial products to its clients. The firm is affiliated, or under common control with Vfinance Investments, Inc and National Asset Management, Inc. Both firms are subsidiaries of National Holdings Corporation, which is the parent company of National Securitas Corp.
National Securities Corp - By the Numbers:
- CRD #: 7569
- SEC #: 164
- Regulatory Events: 61
- Customer Complaints: 15
- Employees: 715
National Securities Corp - In the News:
The State of Connecticut v. National Securities Corp (Case #: CO-15-8256-S) - The firm was fined $4,000 for allegedly engaging in dishonest and unethical business practices. National Securities employed an individual who allegedly made unsolicited calls or "cold calls" and asked qualifying questions to an individual that was not registered in Connecticut at the time. The firm also employed one or more individuals as agents, who allegedly utilized sales presentations in a misleading way. In addition, National Securities allegedly failed to maintain accurate books and records and implement a proper supervisory system.
FINRA v. National Securities Corp (Case #: 2014041850701) - National Securities was fined $25,000 by FINRA due to the findings that showed that the firm allegedly effected customer transactions in a municipal security. The alleged effected transaction was to an amount that was lower than the minimum denomination, which is not subject to the exemption under the rule.
FINRA v. National Securities Corp (Case #: 2013036454901) - The was fined $20,000 by FINRA due to the findings that showed that National Securities allegedly provided potential investors with Registration rights agreement, the Securities Purchase Agreement, a nondisclosure agreement, and a PowerPoint slide-show, in an effort to solicit them for separate private placements offering. None of the listed documents revealed the selling compensation the firm or the investors would receive. National Securities ultimately ended up receiving financial compensation, which was not disclosed to investors.