National Securities Corporation - Law Offices of Robert Wayne Pearce

Jun 14, 2020

Did Christopher Michael Ortiz employed by National Securities Corporation Sell You Any GPB Fund?

Let Us Help You Recover Your GPB Investment Losses! Christopher Michael Ortiz is currently employed by National Securities Corporation in New York, New York. During Mr. Ortiz’s securities industry career as a salesperson he has been the subject of one (1) customer complaint. We believe the complaint relates to private offer and sale of GPB Capital Holdings sponsored limited partnership interests which is pending. We are attorneys offering to help GPB investors who made private placement investments in the following limited partnerships offered and sold by Christopher Michael Ortiz during his employment with National Securities Corporation; that is, help them to rescind their GPB investment and/or recover their GPB investment losses: GPB Automotive Portfolio, LP GPB Cold Storage LP GPB Holdings, LP GPB Holdings II, LP GPB Holdings III, LP GPB Holdings Qualified, LP GPB NYC Development, LP GPB Waste Management Fund, LP

Jul 11, 2017

Former National Securities Broker Permanently Barred for Unauthorized Account Transactions

Former National Securities Corporation (National Securities) broker, Glenn McDowell, has been barred by the Financial Industry Regulatory Authority (FINRA) for executing 38 unauthorized transactions in his customer’s account in a three month time period without the authority to do so. Glenn McDowell, of Springfield Gardens, New York, caused his client to suffer losses of $64,740.08 as a result of the unauthorized trades. According to FINRA, Mr. McDowell entered 38 unauthorized transactions in his customer’s account in a three month time frame. FINRA deemed the number of unauthorized trades over the course of just three months to be quantitatively egregious misconduct. Further, FINRA found that Mr. McDowell sometimes bought and then sold, or sold and then bought, the same securities within a few days. By engaging in such misconduct, he generated $5,300 in commissions for himself while causing nearly $65,000 in losses to his customer.

Aug 12, 2015

Seattle, Washington Firm NSC Fined for Compensation Violations

National Securities Corporation (NSC) located in Seattle, Washington submitted a Letter of Acceptance, Waiver and Consent to the Department of Enforcement of the Financial industry Regulatory Authority (FINRA) for allegedly failing to disclose to investors compensation they were receiving. NSC has been a registered FINRA member since 1947 and provides retail brokerage, investment banking and investment advisory services.