National Securities Corporation (CRD #7569, Seattle, Washington) recently submitted an Offer of Settlement in which the firm was censured and fined $22,500. Without admitting or denying the allegations, the firm consented to the described sanctions and to the entry of findings that it failed to file required amendments to Uniform Applications for Securities Industry Registration or Transfer (Forms U4), filed late Forms U4 amendments and filed inaccurate Forms U4. The findings stated that the firm filed late amendments to Uniform Termination Notices for Securities Industry Registration (Forms U5), filed inaccurate Forms U5 and filed a Form U5 that failed to disclose a customer complaint against a registered representative. The findings also stated that the firm failed to report statistical and summary information regarding a customer complaint, failed to timely report statistical and summary information regarding customer complaints, and filed inaccurate reports of statistical and summary information regarding complaints.
This information which is publicly available on FINRA’s website has been provided by The White Law Group, LLC.
If you have questions about investments you made with National Securities Corporation, the securities attorneys of The White Law Group may be able to help. To speak with a securities attorney, please call the firm’s Chicago office at 312/238-9650.
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