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National Securities Corporation Sanctioned by FINRA

National Securities Corporation Sanctioned by FINRA

National Securities Corporation Sanctioned by FINRA 150 150 Rex Securities Law

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

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