Tag Archives: national securities corp

Azeem Sheikh-National Securities Broker-Discloses Customer Disputes-Miami, FL

May 2017-New York

The FINRA records of Mohammed Azeem Sheikh ,  a  stockbroker who is employed by  National Securities Corp.  disclose 3  prior customer dispute and one pending customer dispute.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

In pending FINRA case 17-0554 a customer of National Securities Corp  seeks  damages of $780,504 and alleges  negligence,  breach of contract, breach of fiduciary duty and misrepresentation.

Azeem Sheikh has been employed by National Securities Corp. since 11/2011. Prior to that he was employed by VFinance Investments. 

If you have questions about an account  handled by Azeem Sheikh , contact us to discuss your options.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Douglas E. Duncan-Former National Securities Corp. Broker- Discloses Customer Dispute-Westbury, NY

May 2017-Westbury, New York

The FINRA records of  Douglas E. Duncan ,  a  stockbroker who is currently  registered with PHX Financial  and Scottrade, Inc.  disclose a pending customer dispute.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

In pending FINRA arbitration 16-0735, a customer of Duncan’s prior employer, National Securities Corp. alleges damages of $500,000 for breach of fiduciary duty, negligent misrepresentation and negligence.

Douglas E. Duncan has been employed by PHX Financial since 5/2017 and Scottrade since 3/2016. His previous employments include Worden Capital Management 6/2015-3/2016, Four Points Capital Partners 4/2015-6/2015 and National Securities Corp. 9/2014-3/2015.

If you have questions about an account  handled by Douglas E. Duncan  , contact us to discuss your options.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

National Securities Corporation Sanctioned by FINRA

December 4, 2014

National Securities Corporation entered into a Letter of Acceptance Waiver and Consent with the Financial Industry Regulatory Authority (FINRA Case#2011025633901) to resolve allegations that they did not comply with filing requirements for reporting information on customer complaints and settlements.

NASD Conduct Rules require that brokerage firms promptly report the occurrence of reportable events, including settlement of securities related litigation with customers, arbitration or a customer claim for damages that has been resolved by an award exceeding $15,000. During the time period examined, National Securities filed reports that were between 1 and 520 days late.

National Securities consented to a censure and a fine of $35,000.

National Securities Corporation has been a FINRA member since 1947 and is headquartered in Seattle, Washington. They have about 139 branches and over 1100 registered persons nationwide.

Rex Securities Law , located in Boca Raton, FL, provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney. Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Rex Securities Law

561 391 1900