September 2021- Largo, FL
According to publicly available records, Nathan G. Katz a former financial advisor who was previously registered with American Independent Securities Group, discloses a regulatory event barring him from the industry, settlement of customer suits and 3 terminations from employment.
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 6/2021, Katz was permanently barred in all capacities by FINRA to resolve allegations that he refused to produce information and documents to FINRA in connection with their investigation into his alleged recommendations of short term switching of mutual funds. forgery on switch letters, trading without authority and failure to disclose numerous IRS tax liens.
Katz discloses four prior customer suits that were settled by cash payments. Those customers alleged various wrongdoing including, trading without authority, fraud, misrepresentation and negligence.
Recently, in 2/2021 a customer of American Independent Securities Group brought a claim alleging mismanagement of accounts and unprofessional behavior by Katz in connection with an investment in an annuity. The customer seeks damages of $450,000.
Katz has been discharged by three of his former firms. American Independent Securities Group discharged him in 1/2021 and alleged that Katz traded a customer account without authority. In 8/2018 he was discharged by Triad Advisors for a signature irregularity on a customer document. Earlier in his career he was discharged by Paine Webber who alleged that he traded a customer account without permission.
Katz discloses currently outstanding IRS tax liens, filed in Pinellas County, FL, totaling more than $475,000.
If you have losses in an account handled by Nathan Katz, call to learn how you may be able to recover damages through FINRA arbitration.
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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