November 2016-Boca Raton, FL
According to publicly available records Nicolaas P. Pronk , (CRD# 1726101) , a stockbroker who is employed by Noble Capital Markets, disclose a pending regulatory matter.
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.
Pronk is named in a FINRA complaint alleging that he and Noble Financial Capital Markets violated securities laws by soliciting seven customers to purchase nearly a million shares of stock in AdCare Health Systems (ADK) without disclosing the firm’s multiple and material conflicts of interest.
According to the complaint filed in FINRA Case #2013035740901, Pronk and Noble Capital Markets promoted and recommended ADK to prospective investors to profit from Noble’s undisclosed investment banking relationships with AdCare and their undisclosed arbitrage of AdCare securities, which created a financial incentive to recommend ADK to customers. Pronk retained ultimate control over all firm activities including proprietary trading, sales, investment banking, and the decision to initiate and prioritize the promotion and sale of ADK.
Nicolaas Pronk has been registered with Noble Capital Markets since 1988 and he acts as Noble’s CEO, COO, CFO and President.
Noble Capital Markets has been registered since 1984, is headquartered in Boca Raton, FL, and has 5 branch offices with 38 registered individuals.
If you have questions about an account in an account at Noble Capital Markets , contact us 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 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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