Category Archives: National Securities Corporation

Marshall Isaacson-Former Newbridge Securites Broker-Permanently Barred from FINRA- Discloses 4 Customer Disputes, 2 Pending Customer Disputes and 2 Tax Liens- Boca Raton, FLs

August 2020- Boca Raton, FL

According to publicly available records, former Newbridge Securities Corporation,  financial advisor Marshall Isaacson,  is barred from FINRA and discloses 4 customer disputes.

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 July of 2020  in FINRA case 2019062552401 Issacson was  permanently barred from the securities industry to resolve allegations that he refused to provide documents and information requested by FINRA in connection with its investigation into whether he made unsuitable investment recommendations.

In April of 2019, a customer with Newbridge Securities Corporation, alleged that Isaacson committed negligence, breach of fiduciary duty, breach of contract and misrepresentation in connection with the handling of their account.    The case was settled for $15,000.

In March of 2016 and May of 2019, four Newbridge Securities Corporation and National Securities Corporation customers alleged among other things:  unauthorized trading,  unsuitable investments, breach of fiduciary duty and breach of contract.  These cases collectively settled for $333,000.

In September of 2012 and in September of 2016, the Internal Revenue Service filed Tax Liens against Isaacson in Palm Beach County, Florida collectively totaling about $75,000.   These liens are currently outstanding.

Isaacson  was employed by Newbridge Securities from June of 2016 until July of 2020.   Before that time he was employed with National Securities Corporation.   

If you have losses in an account handled by Marshall Isaacson, 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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

William John Braun-National Securities Corporation Broker-Discloses 5 Customer Disputes-Boca Raton, FL

January 2020 – Boca Raton, FL

The FINRA records of William John Braun (CRD#1271500)  , a broker with National Securities Corporation discloses a regulatory event and five pending customer disputes.

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 12/86 Braun was censured by Wisconsin securities regulators for selling unregistered securities.

From October  to  November of 2019,  five customers of  National Securities Corp. filed FINRA cases  alleging unsuitable recommendations, negligence and breach of fiduciary duty in connection with the sale of private placement investments.  Damages of  $640,000 are sought in these five pending cases.

Braun has worked for National Securities Corp. since December 2016.   Before that he was with Janney Montgomery Scott, and JW Genesis Securities.

Braun discloses business affiliations with William Braun, PA and National Insurance Corporation in Boca Raton, FL.

If you have questions about an account handled by William John Braun,  call for a no charge consultation with an experienced securities attorney .

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.

International Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Allan Montalbano-Former Worden Capital Broker- Discloses 14 Customer Disputes- Westbury, NY

October 2019- Westbury, NY

According to publicly available records Allan P Montalbano (CRD#4507029) ,  a  stockbroker who is not currently registered  and who was last registered with Worden Capital Management ,  disclose 13 prior customer disputes and 1 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.

From September of 2009 until August of 2017 there were 11 FINRA cases filed against Montalbano by customers of Worden Capital and National Securities Corp.   with allegations of churning, unsuitability, breach of contract, negligence, reckless and intentional misrepresentation, breach of fiduciary duty, breach of contract, excessive trading, unauthorized trading, negligent  and misrepresentation.   These cases were settled at various amounts totaling more than $1.2 million.

In August 2018, a National Securities Corp. customer filed FINRA case #18-02616 alleging breach of fiduciary duty, negligence, negligent misrepresentation and breach of contract and is currently seeking damages of $280,000.

Alan Montalbano  was employed by Worden Capital from June of 2015 to January 2018.   He was employed by Four Points Capital Partners from June 2014 until June 2015 and with National Securities Corp. from August 2010  until June 2014.  Before that he was with Woodstock Financial Group, Chase Investment Services Corp. and NY Life Securities.  Montalbano  discloses business affiliations with APM Consulting Services.

If you have questions about an investment account handled by Allan Montalbano  contact us for a no charge consultation to learn about your legal 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

Albert Foronda- Spartan Capital Securities Broker- Discloses Customer Disputes- NYC

October 2019- NYC, NY

According to publicly available records Albert Foronda.   (CRD#5737620 ,  a  stockbroker  currently registered  with Spartan Capital Securities,  disclose a prior customer dispute and 2 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 July 2017, a Worden Capital Management  customer, alleged unauthorized trades from 7/11/2017 until 7/27/2017.    The case was settled for $14,000.

In May 2019, a Spartan Capital Securities customer filed FINRA case #19-1160 alleging unsuitability, excessive trading and negligence and is seeking damages of $650,000.

In March 2018, a customer of Legend Securities and Worden Capital Management, filed FINRA case #18-01479 alleging breach of fiduciary duty, violations of NASD and FINRA Rules, breach of contract and negligence and is seeking damages of $90,000.

Albert Foronda.  has been  employed by Spartan Capital Securities since August of 2017.    He was with Worden Capital Management from November 2016-August 2017 Before that time he was employed with Legend Securities and National Securities Corp.   

If you have questions about an investment account handled by Albert Foronda. ,  contact us for a no charge consultation to learn about your legal 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