202302 Jun

Losses with National Securities Corp.? Contact KlaymanToskes


On June 23, 2022, FINRA announced that it sanctioned National Securities Corporation $8.9 million, including a $3,600,000 fine, disgorgement of $4,770,000, and partial restitution to customers of $625,480 plus interest. FINRA also ordered National Securities Corporation to pay over $625,000 in restitution to customers for failing to disclose material information regarding recommendations to invest in GPB Capital Holdings, LLC. According to a recently filed claim, it is alleged that B. Riley Wealth management failed to perform necessary due diligence on the alternative investments recommended to certain investors. KlaymanToskes believes filing a FINRA arbitration claim is generally the best course of action for investors that have sustained realized or unrealized losses at the hands of their full-service brokerage firms. FINRA arbitration is generally the most cost-effective process for investors seeking to recover investment losses, often occurring with the added benefit of increased efficiency over a court proceeding.

Source: Klaymantoskes