The Krupnick Firm (“Krupnick Firm”) is investigating claims against National Securities Corporation, B Riley Financial and Fortress Biotech, who are two securities brokerage and underwriting firms and a biotech private equity / venture capital firm that is part of Fortress the publicly traded alternative investment firm. These two brokerages ( National and B Riley) provided investment banking and securities brokerage services nationally. Krupnick Firm is interested in speaking with customers of National Securities who have lost money in IPOs, Private Placements, Secondaries, Follow on Offerings, or other securities sold by or through National Securities Corporation that were owned and operated by Fortress Biotech and all other underwritten transactions by National Securities Corporation.
The Krupnick Firm has filed several complaints against National Securities Corporation and B Riley Finanical involving the conduct of associated persons, alleging in excess of $1,000,000 in damages resulting from alleged conflicts of interest, misrepresentations and fraud by National Securities Corporation and its management to one of Krupnick Firm’s clients. The matter remains unresolved.
FINRA has fined National Securities Corporation for failing to oversee its financial advisors’ sales practices among other causes of action, some who have been the subject of customer complaints, judgments, liens, or regulatory events which can be found on the FINRA Broker-Check system.
Brokers, financial advisers, and associated persons are mandated by regulation to only recommend investments that match their clients’ needs and goals. Securities brokerage firms have a regulatory and legal obligation to properly supervise the sales practices and client interactions of their financial advisors and stockbrokers. In certain cases, securities firms may be liable to customers when supervisors fail to follow regulations which ultimately lead to financial losses for customers.
Kevin P. Krupnick, Esq. is the founder of The Krupnick Firm. Mr. Krupnick has represented individual investors, institutional investors, family offices, and others in claims for securities or investment-related misconduct by brokerage firms, private banks, investment partnerships and others. He also represents industry professionals, including financial advisors, hedge-fund managers, professional investors, traders, and others in multiple kinds of actions.
Mr. Krupnick’s and his team of experts have assisted him in representing in all facets of civil litigation and corporate dissolution proceedings also known as the ‘corporate divorce’, as well as parties in business disputes, employment matters, and general business litigation. Mr. Krupnick has protected individual investors rights and advocated for many parties regarding investment loss.
If you have suffered losses at National Securities Corporation that you believe are the result of negligence, securities fraud, or other wrongdoing, contact The Krupnick Firm for a FREE case consultation.