August 25, 2015- El Segundo, California
National Planning Corporation , entered into a Letter of Acceptance Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA) to resolve allegations that from April 2009 to April 2014 they failed to apply volume discounts to certain customers’ purchases of non-traded real estate investment trusts (REITs) and business development companies (BDCs).
As a result those affected customers paid excessive sales charges.
AWC No. 2014042567801
National Planning Corporation was censured , fined $30,000 and ordered to pay restitution of over $16,000.
National Planning Corporation has been a FINRA member since 1992, and has about 1800 brokers in 900 branch offices .
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.
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