Did you lose money investing with Nathan Katz (CRD# 846475)?
Galvin Legal, PLLC is launching an investigation on behalf of investors who may have suffered losses investing with Nathan Katz. If you suffered losses investing with Nathan Katz, then Galvin Legal, PLLC may be able to help you recover your losses in a Financial Industry Regulatory Authority (“FINRA“) arbitration claim.
If you suffered losses and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
As of February 16, 2023, Nathan Katz’s FINRA BrokerCheck Report contains the following:
BARRED: FINRA has barred this individual from acting as a broker or otherwise associating with a broker-dealer firm.
Disclosure Events
6 Customer Disputes
1 Regulatory Event
3 Employment Separation After Allegations
4 Judgment(s)/Liens
June 25, 2021 – An AWC was issued in which Katz was barred from association with any FINRA member in all capacities. Without admitting or denying the findings, Katz consented to the sanction and to the entry of findings that he refused to produce information and documents requested by FINRA in connection with its investigation into his alleged recommendations of short-term switching of mutual funds, forgery of customer signatures on switch letters, use of discretion without authorization and failure to timely disclose certain judgments and liens. (FINRA Case #2018057352601)
Current and Previous Registrations
10/16/2018 – 01/25/2021 AMERICAN INDEPENDENT SECURITIES GROUP, LLC (CRD#:135288) Largo, FL
06/29/2001 – 08/20/2018 TRIAD ADVISORS LLC (CRD#:25803) LARGO, FL
09/15/1986 – 04/04/2001 UBS PAINEWEBBER INC. (CRD#:8174) WEEHAWKEN, NJ
05/27/1980 – 09/18/1986 DEAN WITTER REYNOLDS INC. (CRD#:7556)
08/15/1979 – 10/07/1982 ELKINS & CO. (CRD#:6789)
09/26/1978 – 08/27/1979 MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED (CRD#:7691)
12/05/1977 – 09/26/1978 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC. (CRD#:572)
If you suffered losses and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
Due Diligence Requirement
FINRA requires broker’s to conduct due diligence on investments and to conduct a suitability analysis when recommending securities to a customer that takes into account the customer’s knowledge and experience. FINRA Rule 2111(a) states that “a member or an associated person must have a reasonable basis to believe that a recommended transaction or investment strategy involving a security or securities is suitable for the customer, based on the information obtained through the reasonable diligence of the member or associated person to ascertain the customer’s investment profile. A customer’s investment profile includes, but is not limited to, the customer’s age, other investments, financial situation and needs, tax status, investment objectives, investment experience, investment time horizon, liquidity needs, risk tolerance, and any other information the customer may disclose to the member or associated person in connection with such recommendation.”
Rule 2111 is composed of three main obligations: reasonable-basis suitability, customer-specific suitability, and quantitative suitability. Brokers and the brokerage firms they work for that fail to conduct adequate due diligence on investments they recommend or that make unsuitable recommendations can be held responsible for the customer’s losses in a FINRA arbitration claim.
If you suffered losses and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
Request a Free Consultation with a Securities Attorney
If you suffered losses investing with Nathan Katz and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
This information is all publicly available and is being provided to you by Galvin Legal, PLLC.
Galvin Legal, PLLC is a national securities arbitration, securities mediation, securities litigation, securities fraud, securities regulation and compliance, and investor protection law practice. For more information on Galvin Legal, PLLC and its representation of investors, please visit www.galvinlegal.com or call 1-800-405-5117.
