October 2018- Melville, NY
According to publicly available records Robert Abramowitz (CRD#4457589), a stockbroker who is registered with National Securities Corp. disclose a prior customer dispute and 2 pending customer disputes..
The Financial 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 December 2016 a customer with Raymond James Financial Services, Inc. filed case #16-03627 with FINRA alleging negligence, breach of fiduciary duty, breach of contract, material misrepresentations, omissions and failure to supervise. The case was settled for $40,000.
In July 2018 a customer of Oppenheimer & Co. filed FINRA case #18-02666 alleging breach of contract, negligence, unsuitability, breach of fiduciary duty, respondeat superior, negligent supervision, over concentration from July 2011 until July 2016. Alleged damages are $100,000. This case is pending.
In March 2018 a customer with Raymond James Financial Services filed a customer dispute alleging “investments were misrepresented to her and were unsuitable based on her investment objectives. She further states that her investment objectives and risk tolerance were incorrectly stated on new account paperwork from July 2011 until April of 2016.” Alleged damages are $149,236.86. This case was settled for $75,000.
Abramowitz is been employed by National Securities Corp. since September of 2017. Prior to that he was with Oppenheimer & Co. from April 2016 until September 2017, and with Raymond James from May of 2014 until April of 2016. Before that time he was with Core Financial. Abramowitz discloses a business affiliation with National Asset Management .
If you have questions about an account handled by Robert Abramowitz, contact us for a no charge consultation to discuss your legal options.
Rex Securities Law, with offices in Boca Raton, FL and Austin, TX, provides representation to investors nationwide who are seeking recovery from 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 are handled on a contingent fee basis meaning that you do not play legal fees unless we are successful.
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